Nigeria's Exports Surge 38.68% in Q1 2026

In the first quarter of 2026, Nigeria experienced a notable surge in exports, as reported by the Nigeria Customs Service. Non-oil trade exports rose by 38.68% year-on-year, reaching $925.84 million compared to the same period in 2025.

The number of export containers handled nearly doubled, increasing from 9,722 in Q1 2025 to 19,014 in Q1 2026, marking a 95.58% growth. Monthly performance showed a slight dip in January 2026, but February rebounded with a 12.43% increase.

March 2026 saw a significant jump in export value, soaring by 135.83% year-on-year to $425.48 million. Revenue collection from export-related charges also grew, with total revenue rising from ₦5.01 billion in Q1 2025 to ₦6.03 billion in Q1 2026, indicating a 20.15% increase.

These developments reflect the Nigerian government's ongoing efforts to boost non-oil exports and improve port efficiency, contributing to a stronger trade ecosystem.