Nigeria Achieves 101% Trade Surplus in Q2 2026

In Q2 2026, Nigeria achieved a trade surplus of 101.32% compared to the same quarter in 2025, as reported by the National Bureau of Statistics (NBS). The total merchandise trade reached N41.44 trillion, marking a 5.61% increase from N39.24 trillion in Q2 2025 and a 19.13% rise from N34.78 trillion in Q1 2026.

Exports constituted 65.20% of total trade, valued at N27 trillion, reflecting an 18.77% increase from N22.75 trillion in Q2 2025 and a 27.64% increase from N21.16 trillion in Q1 2026. Crude oil exports were valued at N12.91 trillion, making up 47.79% of total exports, while non-crude oil exports totaled N14.10 trillion, representing 52.21% of total exports.

China was identified as the primary source of imports, followed by the United States, India, The Netherlands, and Germany. The value of agricultural goods imported in Q2 2026 was N1.20 trillion, a 1.63% increase from Q2 2025, while raw material imports were valued at N1.79 trillion, a 4.11% increase from the previous year.