Nigeria’s exports fall 5.3% in This fall 2025, imports rise – NBS

Nigeria recorded a commerce surplus of ₦1.71 trillion within the fourth quarter of 2025, regardless of a decline in exports largely pushed by decreased crude oil shipments.

The determine was disclosed within the newest International Commerce Statistics Report launched by the Nationwide Bureau of Statistics on Tuesday.

The report confirmed that whole merchandise commerce stood at ₦36.21 trillion in This fall 2025, representing a 1.07 per cent decline from ₦36.60 trillion recorded within the corresponding interval of 2024 and an 8.94 per cent drop from ₦39.77 trillion in Q3 2025.

Exports accounted for 52.36 per cent of whole commerce within the interval, valued at ₦18.96 trillion.

“This represents a lower of 5.25% over the worth recorded within the corresponding quarter of 2024 (₦20,014.33 billion) and a lower of 16.88% in comparison with the worth recorded in Q3, 2025 (₦22,813.57 billion).”

The NBS attributed the decline primarily to a drop in crude oil exports, which remained Nigeria’s dominant export commodity in the course of the quarter.

Crude oil exports have been valued at ₦9.70 trillion, accounting for 51.17 per cent of whole exports.

The worth fell by 29.60 per cent from ₦13.78 trillion recorded within the corresponding quarter of 2024 and declined by 24.24 per cent in comparison with ₦12.81 trillion in Q3 2025.

Non-crude oil exports stood at ₦9.26 trillion, representing 48.83 per cent of whole exports, whereas non-oil merchandise accounted for ₦3.15 trillion or 16.59 per cent of whole exports.

Nigeria’s high export locations in the course of the quarter have been the Netherlands, India, Spain, France and Canada, whereas probably the most exported commodities included crude oil, pure fuel, kerosene-type jet gasoline, different petroleum gases in gaseous type and urea.

China stays Nigeria’s largest import

In the meantime, whole imports rose to ₦17.25 trillion within the fourth quarter of 2025, representing a 3.98 per cent enhance from ₦16.59 trillion recorded in This fall 2024 and a 1.73 per cent enhance from ₦16.96 trillion within the earlier quarter.

China remained Nigeria’s largest import accomplice in the course of the interval, adopted by the US, the Netherlands, India and Brazil.

Main imported commodities included Premium Motor Spirit (petrol), durum wheat, crude petroleum oils and oils obtained from bituminous minerals, cane sugar meant for refining and used autos with diesel or semi-diesel engines.

Regardless of the decline in exports, the NBS famous that Nigeria sustained a commerce surplus all through 2025, with the fourth-quarter moderation largely linked to the drop in crude oil export earnings.