Foreign Trade Hits N41.44tn, Yields N12.60tn Surplus in Q2

• Crude oil remains major exported commodity value at N12.91 trillion

• India is major trade partner

James Emejo in Abuja

The country’s total external merchandise trade increased by 19.13 per cent to N41.44 trillion in the second quarter of the year (Q2 2026) compared to N34.79 trillion in the preceding quarter, the National Bureau of Statistics (NBS), said yesterday.

Exports accounted for 65.20 per cent of total trade, valued at N27.02 trillion compared to N21.16 trillion in Q1 while imports represented 34.80 per cent with N14.42 trillion in value, resulting in N12.60 trillion trade surplus under the review period.

Foreign Trade Hits N41.44tn, Yields N12.60tn Surplus in Q2

Other newsrooms on this story

Related reading

Despite Decline to N34.79tn, Foreign Trade Records N7.55tn Surplus Amid Lower…

Nigeria's trade surplus widens as Q2 exports hit N27tn - Businessday NG

Nigeria’s trade surplus doubles to N12.6tn as exports surge

Nigeria’s trade surplus jumps 67% to N12.59trn in Q2’26

Trade surplus jumps 341% to N7.55tn – NBS

Nigeria’s trade surplus rises 340% to N7.5 trn