Nigeria Posts N7.5 Trillion Trade Surplus in Q2 2025

Nigeria has recorded a trade surplus of ₦7.46 trillion in the second quarter of 2025 (Q2’25), representing a 52% increase from the ₦5.17 trillion surplus reported in the first quarter of the year.

According to data released by the National Bureau of Statistics (NBS), total merchandise trade during the period reached ₦38.03 trillion, marking a 5.6% rise from the previous quarter. Exports accounted for ₦22.75 trillion, up 10.5% quarter-on-quarter, while imports slightly decreased by 0.9% to ₦15.29 trillion.

Crude oil exports remained the largest contributor, valued at ₦11.97 trillion, or about 53% of total exports. Non-crude exports, including natural gas and refined petroleum products, totaled ₦10.78 trillion, reflecting significant growth from the previous quarter.

Analysts say the sustained trade surplus is a positive indicator of Nigeria’s external sector resilience, boosted by recent economic reforms and favorable global oil market conditions.

The NBS data highlights the country’s continued reliance on oil revenues while showing encouraging signs of diversification through growth in non-oil exports.