Nigeria’s Exports Reach $13.44 Billion in Q1 2025
Nigeria has experienced a significant surge in exports, reaching $13.44 billion in the first quarter of 2025. This marks a 7.42% year-on-year increase, as reported by the National Bureau of Statistics. The backbone of Nigeria’s export industry continues to be crude oil, accounting for nearly 63% of total exports, while non-oil products contributed $2.07 billion to the overall figure.
On the import side, Nigeria brought in goods worth $10.07 billion, resulting in a healthy trade surplus of $3.37 billion, which is a 51% increase from the previous quarter. The top countries from which Nigeria imported goods include China, India, the United States, the Netherlands, and the United Arab Emirates.
Europe and Asia received the majority of Nigeria’s exports, with mineral products leading the pack, followed by food products and chemicals. Exporting to African nations also played a significant role, totaling $1.21 billion, with South Africa and Côte d’Ivoire being the top recipients.
As global demand remains steady, Nigeria’s export performance indicates a positive trajectory for its trade sector. The country’s ability to diversify its export products and maintain a trade surplus bodes well for its economic growth and stability.
Nairametrics
