Nigeria's Trade Surplus Hits N17.78 Trillion in 2025

In 2025, Nigeria achieved a trade surplus of N17.78 trillion, as reported by the National Bureau of Statistics. The country's total exports were valued at N85.13 trillion, significantly exceeding imports of N67.35 trillion, resulting in a total foreign trade volume of N152.47 trillion, an increase from N138.03 trillion in 2024.

Crude oil remained Nigeria's primary export, valued at N47.43 trillion, which accounted for 55.72% of total export earnings. Non-crude oil exports totaled N37.70 trillion, including N12.36 trillion from agricultural and manufactured goods.

Despite this overall surplus, Nigeria recorded its largest trade deficit with China, amounting to N144.74 billion, with imports from China totaling N4.15 trillion against exports of N2.00 trillion. The report indicates that Nigeria's trade dynamics continue to reflect strong external demand for its goods, with exports consistently outpacing imports.