Nigeria Q4 2025 Trade Surplus
Analysis based on 6 articles · First reported Mar 10, 2026 · Last updated Mar 15, 2026
The sustained trade surplus for Nigeria, despite declining exports, indicates a degree of economic resilience. However, the significant drop in Petroleum exports, a dominant commodity, could raise concerns about future revenue streams and the Nigeria — Nigerian naira's stability if not diversified.
Nigeria recorded a trade surplus of ₦1.71 trillion in the fourth quarter of 2025, as reported by the China — National Bureau of Statistics of China. This occurred despite an overall decline in total merchandise trade, which fell to ₦36.21 trillion. The decrease in trade was largely driven by a significant reduction in Petroleum exports, which remained Nigeria's primary export commodity. Petroleum exports were valued at ₦9.70 trillion, accounting for 51.17% of total exports, but saw a substantial drop compared to previous quarters and the corresponding period in 2024. Meanwhile, total imports increased to ₦17.25 trillion. China remained Nigeria's largest import partner, followed by the United States, the Netherlands, India, and Brazil. The Netherlands, India, Spain, France, and Canada were Nigeria's top export destinations. Despite the export decline, Nigeria maintained a trade surplus throughout 2025.
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