Nigeria's Trade Surplus Reaches N1.71 Trillion in Q4 2025

In the fourth quarter of 2025, Nigeria achieved a trade surplus of N1.71 trillion, despite experiencing a decline in exports during the same period. According to the National Bureau of Statistics' foreign trade report, total merchandise trade amounted to N36.21 trillion, slightly down from N36.60 trillion in Q4 2024 and N39.77 trillion in Q3 2025.

Exports accounted for 52.36% of Nigeria's total trade in Q4 2025, valued at N18.96 trillion. Despite the lower export figures, Nigeria maintained a trade surplus as export earnings exceeded import expenditures.

China remained the largest source of Nigeria's imports in Q4 2025, highlighting the country's continued reliance on imported food items and industrial raw materials. The trade balance was significantly influenced by crude oil exports, which dominate Nigeria's foreign earnings, although a decline in crude oil earnings continues to impact the overall trade performance.

The top export destinations for Nigeria in Q4 2025 included the Netherlands, India, Spain, France, and Canada.