Nigeria Foreign Trade Q4 2025 — ₦36.2 Trillion Total
Nigeria's total foreign trade reached ₦36.21 trillion in Q4 2025 — exports ₦18.96tn vs imports ₦17.25tn, giving a trade surplus of ₦1.71 trillion. Crude oil accounts for 51.17% of all exports. China supplies 31% of imports. Official NBS Foreign Trade in Goods Statistics Report.
Nigeria's trade surplus of ₦1.71 trillion masks a troubling structural reality: crude oil alone accounts for 51.17% of exports (₦9.7tn), meaning without oil Nigeria runs a massive deficit. Manufactured goods imports (₦8.8tn) vs exports (₦423bn) represent a 20-to-1 import-to-export ratio in manufacturing — a sign of deep industrial underdevelopment. Nigeria imports even the petrol its refineries should produce (₦3.54tn in motor spirit), while Apapa Port handles nearly half of all imports and 73% of exports, exposing dangerous single-point-of-failure logistics risk. Cocoa beans at ₦878bn remain the leading non-oil agricultural export.