Nigeria recorded an impressive trade surplus of ₦1.74 trillion in June 2023
In June 2023, Nigeria exported goods worth ₦3.026 trillion and imported goods worth ₦1.285 trillion, resulting in a trade surplus of ₦1.74 trillion. This came after a trade deficit of ₦653 billion in May 2023. Here is Nigeria's trade balance since July 2022.
Agriculture dominated Kenya’s exports, with coffee, tea, and spices alone contributing $1.7 billion, the largest single export category.
Mineral fuels were a surprisingly strong second, delivering $1.1 billion, and showing Kenya’s growing role in regional fuel distribution.
Horticultural exports (flowers, live plants, and trees) contributed $790 million, reinforcing Kenya’s global strength in floriculture.
All other export categories fall below $300 million individually, reflecting a long list of small but diverse export segments such as textiles, vegetables, and pharmaceuticals.
Gems and precious metals were the largest single export category, contributing $20.6 billion.
Ores and industrial minerals followed closely with $17.2 billion, showing the country’s reliance on mining.
Vehicles and machinery were significant non-mineral exports, with a combined $18.3 billion.
Agricultural and light industry products like fruits, nuts, and beverages contributed modestly, strengthening mining and manufacturing’s position as the core export drivers.
