Nigeria’s exports surged to $13.44 billion in Q1 2025, marking a 7.42% year-on-year rise, according to fresh data from the country’s National Bureau of Statistics. Crude oil remained the backbone, making up nearly 63% of total exports, while non-oil products contributed $2.07 billion. In contrast, the country imported $10.07 billion worth of goods, leading to a healthy trade surplus of $3.37 billion—up 51% from the previous quarter. China dominated Nigeria’s import list, followed by India, the United States, the Netherlands, and the United Arab Emirates. Meanwhile, Europe and Asia received the bulk of exports. Mineral products led the export pack, followed by food products and chemicals. Exports to African nations totaled $1.21 billion, with South Africa and Côte d’Ivoire topping the list. As global demand holds steady, Nigeria’s export performance signals renewed momentum in its trade trajectory.
Nairametrics