The National Bureau of Statistics says Nigeria recorded a trade surplus of N6.69 trillion in the third quarter of 2025. The figure represents a decline of 10.36 percent from the N7.4 trillion surplus posted in the previous quarter. Total trade during the period rose to N38.93 trillion.
According to the NBS foreign trade report, exports were valued at N22.81 trillion, accounting for 58.59 percent of total trade. Imports stood at N16.12 trillion, while crude oil remained the country’s major export at N12.8 trillion, representing 56.14 percent of all exports. Non-crude oil exports were valued at N10 trillion.
The bureau listed India as Nigeria’s top export destination in the quarter, followed by Spain, France, the Netherlands and Italy. The five countries collectively accounted for 38.34 percent of total exports. Exports to India were valued at N2.26 trillion.
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China remained Nigeria’s largest source of imports with a trade value of N4.78 trillion, representing 29.68 percent of total imports. The United States, India, the United Arab Emirates and Belgium followed as major import partners, with machinery, transport equipment, mineral fuels and chemicals topping the import categories.
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