Top 5 countries Nigeria made the most money from in Q2 2024

In the second quarter of 2024, Nigeria’s total trade in goods came in at ₦31,892.46 billion, a 3.76% reduction from Q1 2024, and a 150.39% increase from the same period in 2023, as reported by the country’s national bureau of statistics.

In the period under review export value stood at ₦19,418.93 billion accounting for 60.89% of overall commerce in Q1 2024. This is a 1.31% increase from the previous quarter (₦19,167.36) and a 201.76% increase from the second quarter of 2023 (₦6,435.13).

The report also revealed that crude oil exports during the same period accounted for 74.98% of total Nigeria exports, while non-oil exports accounted for 25.02%. Non-oil products contributed ₦1,944.25 billion or 10.01% of total exports.

Trade of manufactured products during the period totaled ₦6,057.49 billion, accounting for 18.99% of overall commerce. The export of finished goods amounted to ₦480.82 billion.

While the sale of raw materials recorded a total trade value of ₦1,848.41 billion. Brazil received ₦103.56 billion in raw material exports, including ‘Urea whether or not in aqueous solution’.

Exports of ‘Non Monetary Gold (including gold coated with platinum) in Powder form’ to Switzerland totaled ₦47.45 billion.

With that said, here are the 5 African countries Nigeria made the most money from from selling its goods.