Nigeria's Trade in Q2 2026: China and India Lead Imports

In the second quarter of 2026, Nigeria's trade remained heavily reliant on imports and petroleum-related exports. The National Bureau of Statistics (NBS) reported that China was a major supplier, providing photovoltaic cells worth N184.02 billion, telecommunications equipment valued at N158.73 billion, and heavy machinery worth N152.56 billion.

Other significant imports from China included herbicides and machinery for agricultural processing. India also played a crucial role, supplying motorcycles worth N160.86 billion, along with medicines and vaccines.

The United States contributed significantly to Nigeria's imports, particularly with used vehicles valued at N273.96 billion. Nigeria's exports were dominated by crude petroleum, natural gas, and other petroleum gases, with Spain being a key destination for crude petroleum exports valued at N1.32 trillion.

The data underscores Nigeria's ongoing dependence on foreign goods and its export focus on petroleum products.