Nigeria’s earnings from non-crude oil exports overtook crude oil exports for the first time on record in the second quarter of 2026, according to Foreign Trade in Goods statistics released by the National Bureau of Statistics (NBS) in what economists have named “a point of inflexion in Nigeria’s trade history.”
Non-crude oil exports totalled N14.11 trillion in the April-to-June quarter, against N12.91 trillion in crude oil exports, NBS data show. Crude’s share of total exports fell below 50 percent for the first time since 2008, when comparable NBS data began.
The statistics office defines crude oil as “naturally occurring, unrefined petroleum products composed of hydrocarbon deposits and other organic materials” and classifies “non-crude oil” as other petroleum products, including mineral fuels like natural gas, fuel, and bituminous coal, raw material goods, agricultural goods, solid minerals, energy goods and manufactured goods.
Exports of kerosene jet fuel, natural gas, urea and “other
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