Nigeria Achieves N12.60trn Trade Surplus in Q2 2026

According to the National Bureau of Statistics (NBS), Nigeria achieved a trade surplus of N12.60 trillion in the second quarter of 2026, as exports significantly outpaced imports. The total merchandise trade for the period from April to June 2026 was N41.44 trillion, marking a 5.61% increase from N39.24 trillion in Q2 2025 and a 19.13% rise from N34.79 trillion in Q1 2026.

Exports constituted 65.20% of total trade at N27.02 trillion, an 18.77% increase from N22.75 trillion in Q2 2025. Crude oil exports were the largest, valued at N12.91 trillion, representing 47.79% of total exports.

Total imports were N14.42 trillion, a 12.55% decrease from N16.49 trillion in Q2 2025. China was the leading supplier of imports, providing goods worth N5.92 trillion.

Agricultural exports fell to N802.99 billion, while raw material exports surged 181.24% to N2.31 trillion. Dr. Kingsley Udeh, Minister of Innovation, Science and Technology, emphasized the need for local processing of raw materials before export during a conference organized by the RMRDC.