The Nigeria Breaue of Statistics,(NBS), on Monday said the nation’s Nigeria’s total merchandise trade grew to from ₦39,244.42 billion in Q2 2025 and 19.13% from ₦34,788.59 billion in Q1 2026 to ₦41,444.89 billion in Q2 2026,
NBS disclosed this in its foreign trade statistics report on Monday, that total exports stood at N27 trillion.
It added that imports stood at N14.4 trillion, indicating trade surplus of N12.59 trillion, while Non-oil exports rose to N14.1 trillion, crude oil N12.9 trillion and non-oil N3.72 trillion.
“The merchandise trade balance remained positive at ₦12,596.86 billion in Q2 2026, representing a 101.32% increase compared with the value recorded in the corresponding quarter of 2025”
In the quarter under review, exports accounted for 65.20% of total trade valued at ₦27,020.88 billion,” NBS said.
“This represents an 18.77% increase from the ₦22,750.74 billion recorded in the corresponding quarter of 2025 and a 27.64% increase from ₦21,169.27 billion value recorded in Q1 2026.”
Crude oil stood at tQ2 2026, valued at N12.91 trillion and accounting for 47.79 percent of total exports.
NBS noted that non-crude oil exports rose to N14.10 trillion, accounting for 52.21 percent of total exports, while non-oil products contributed 13.80 percent or N3.72 trillion.
Nigeria’s import accounted for 34.80 percent of total trade, with a value of N14.42 trillion in Q2 2026.
The figure represents a 12.55 percent decrease compared to N16.49 trillion recorded in Q2 2025, and a 5.91 percent increase from N13.61 trillion recorded in Q1 2026.
