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Nigeria's trade surplus soared to N5.81 trillion in Q3 2024, with exports up 98% led by crude oil.
Nigeria achieved a trade surplus of N5.81 trillion in Q3 2024, marking a significant 81% increase in total merchandise trade.
Exports, led by crude oil, reached N20.48 trillion, up 98% from the previous year, while imports rose 62% to N14.67 trillion.
Spain, the U.S., France, the Netherlands, and Italy were top export partners, and China remained the primary import source.
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El superávit comercial de Nigeria se elevó a N5,81 billones en el tercer trimestre de 2024, y las exportaciones aumentaron un 98% lideradas por el petróleo crudo.