Business News
NBS Report: Nigeria logs ₦22.8tn in exports, ₦16.1tn in imports in Q3 2025
Nigeria posted a trade surplus of ₦6.69 trillion in the third quarter of 2025, according to new data released by the National Bureau of Statistics (NBS).
Although positive, the surplus marks a 10.36% decline from the ₦7.4 trillion recorded in Q2 2025, reflecting weaker margins between exports and imports within the period.
The latest Foreign Trade in Goods report shows that Nigeria’s total exports in Q3 stood at ₦22.81 trillion, while imports amounted to ₦16.12 trillion, bringing total trade to ₦38.93 trillion.
Compared to the same quarter in 2024, total trade increased by 8.71%, and by 2.36% when placed side-by-side with Q2 2025.
NBS data indicates that crude oil remained the backbone of Nigeria’s export earnings, contributing ₦12.8 trillion, which amounts to 56.14% of total exports. Non-crude exports were valued at ₦10 trillion, while non-oil products accounted for ₦2.99 trillion, or 13.14% of the country’s total export value.
On the import side, “mineral fuels” topped Nigeria’s import bill with ₦5.15 trillion (31.97%), followed by machinery and transport equipment at ₦4.25 trillion (26.36%), and chemicals & related products with ₦2.34 trillion (14.56%).
India maintained its position as Nigeria’s top export destination in Q3 2025, purchasing goods valued at ₦2.26 trillion (9.90%). Spain, France, the Netherlands and Italy followed closely, bringing the total share of Nigeria’s top five export partners to 38.34%.
Meanwhile, China retained its dominance in Nigeria’s import market, accounting for ₦4.78 trillion, or 29.68% of total imports. The United States came next with ₦3.21 trillion (19.96%), followed by India, the United Arab Emirates and Belgium.
The Q3 trade numbers highlight both Nigeria’s heavy dependence on crude oil exports and its continued reliance on foreign imports for machinery, fuel products and industrial chemicals, factors that continue to shape the country’s trade balance despite global market fluctuations.
Follow Us on Google Discover
Shettima inaugurates Arewa for Asiwaju campaign office in Abuja
2027: ‘APM will beat Tinubu in 12 battleground states’ – Makinde’s campaign team
Veteran Journalist, diplomat Dele Cole dies at 86
Suspended NSCDC commandant apologises over deaths of suspected illegal miners in Niger
EPL: Martinez rushed to hospital after head injury as Chelsea beat Everton
COAS arrives Borno as Military moves to clear terrorist camps, rescue abductees
Macky Sall quits race for UN Secretary-General position
Buhari backed Osinbajo’s presidential ambition four times, Akande tells Babachir Lawal
Dr. Benjamins‑Laniyi urges media to amplify women’s leadership, adopt gender‑sensitive reporting
Pope Leo XIV set to leave hospital after lung cancer surgery
Gunmen kill four vigilantes in Plateau community
Tension as traditional ruler collapses, dies in Ondo
2027: Kwankwaso a goat in sheep’s clothing, secretly working for Tinubu – Atiku Campaign Council
DSS arrests Maina’s fugitive son in Abuja, hands him over to EFCC
2027: Step down if you are not working for Tinubu – Deji Adeyanju dares Obi, Kwankwaso
Erisco Foods announces 13 job openings across Nigeria – Apply Now
House Officers, Nurses, Radiographers, Others wanted as DELSUTH opens recruitment – Apply Now
2027: Step down if you are not working for Tinubu – Deji Adeyanju dares Obi, Kwankwaso
Tinubu reappoints Bala Bila as INEC commissioner, nominates six others
‘I love Islam, I’ve sent people to Mecca to pray for me, Nigeria for 25 years’ – Akpabio
Panic in Rivers community as pipeline explosion injures 20, razes over 50 houses
Elon Musk unveils Tesla’s ‘flying’ car in stunning demonstration
2027: Tinubu to miss rallies in over 20 States as APC releases campaign timetable
33 Governors cannot be wrong in supporting Tinubu – Bayo Onanuga
2027: Kwankwaso a goat in sheep’s clothing, secretly working for Tinubu – Atiku Campaign Council
2027: ‘Atiku, Obi, Duke, Makinde are not threats to Tinubu’, says APC
Gunmen storm Plateau, kill traditional ruler at residence
Outrage as suspected cultists unveil renovated police post in Rivers
Osun Police arrest three suspects over murder, recover weapons
