Nigeria's Trade Surplus Surges 44% in Q2 2025, Boosted by Non-Oil Exports

Nigeria's trade surplus surged by 44% in Q2 2025, reaching a trillion compared to the previous quarter, driven by a significant increase in non-oil exports. The country's total exports in Q2 stood at a trillion, showing growth from the previous quarter and the same period in 2024.

While crude oil exports declined, the export of refined petroleum products doubled, contributing to the overall export growth. The manufacturing sector saw a notable expansion in exports, with key products like vessels, floating platforms, and aluminum alloys being shipped predominantly to European markets.

This positive trade balance reflects a strengthening external trade position for Nigeria.