Nigeria posts ₦12.60 trillion merchandise trade surplus in Q2
Nigeria recorded a ₦12,596.86 billion goods-trade surplus in April-June 2026, as exports reached ₦27,020.88 billion and imports ₦14,424.01 billion, according to the National Bureau of Statistics.
Symbolic illustration · Fiscal Policy / Haber Paper
Story details
The National Bureau of Statistics (NBS) reported that Nigeria’s total merchandise trade was ₦41,444.89 billion in the second quarter of 2026, up 5.61% from a year earlier and 19.13% from the first quarter. Exports were ₦27,020.88 billion, or 65.20% of total trade; imports were ₦14,424.01 billion. The resulting surplus was ₦12,596.86 billion, 101.32% higher than in Q2 2025.
Crude oil exports were valued at ₦12,914.33 billion, representing 47.79% of exports. Non-crude exports totaled ₦14,106.55 billion, including ₦3,729.67 billion in non-oil products. The report records nominal merchandise values and covers April through June; it does not measure trade in services or adjust values for price changes. The figures describe the quarter, not current monthly trade conditions.
HABER PAPER / DATA
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Data table
Nigeria merchandise trade, Q2 2026
NBS merchandise trade totals for April-June 2026.
Nigeria merchandise trade, Q2 2026
Measure
Value
Unit
Total merchandise trade
41,444.89
NGN billion
Exports
27,020.88
NGN billion
Imports
14,424.01
NGN billion
Trade surplus
12,596.86
NGN billion
Crude oil exports
12,914.33
NGN billion
Source and methodology
Haber Paper source-linked editorial data compilation; underlying sources retain their separate reuse terms.
Source: NBS Foreign Trade in Goods Statistics Q2 2026. Period April-June 2026. Values are nominal billion naira; trade balance is exports minus imports. Services are excluded and values are not price-adjusted.
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