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Nairametrics
Home Economy

Nigeria recorded N17.78 trillion trade surplus in 2025 but ran its largest deficit with China

Research Team by Research Team
March 14, 2026
in Economy, Metrics, Rankings
Nigeria at 65: AfCFTA as a catalyst for national renewal
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Nigeria recorded a trade surplus of N17.78 trillion, as exports worth N85.13 trillion exceeded imports of N67.35 trillion.

The country’s total foreign trade reached N152.47 trillion in 2025, rising from N138.03 trillion in 2024, according to data from the National Bureau of Statistics (NBS).

Oil remained Nigeria’s biggest export. Crude oil exports were valued at N47.43 trillion, accounting for 55.72% share of export earnings.

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Non-crude oil exports totalled N37.70 trillion, including N12.36 trillion from non-oil products such as agricultural and manufactured goods.

Nigeria has consistently recorded annual trade surpluses since 2022, as exports continue to outpace imports, showing strong external demand for Nigerian goods in the international market

Below is a breakdown of Nigeria’s top ten trade partners in terms of imports and exports in 2025

Africa is presented as a combined group rather than individual countries. Therefore, it is reported as a single regional category, consistent with the way the data is presented by the National Bureau of Statistics.

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10. Brazil – N4.15 trillion

  • 10. Brazil – N4.15 trillion
  • 9. Canada – N4.76 trillion
  • 8. Italy – N5.59 trillion
  • 7. France – N6.98 trillion
  • 6. Spain – N8.50 trillion
  • 5. Netherlands – N10.72 trillion
  • 4. United States – N12.99 trillion
  • 3. India – N15.50 trillion
  • 2. Africa (All African countries combined) – N15.99 trillion
  • 1. China – N22.57 trillion

Nigeria’s trade with Brazil totaled N4.15 trillion. Imports from Brazil were N2.15 trillion, while exports stood at N2.00 trillion, creating a trade deficit of N144.74 billion.

Jump to section

10. Brazil – N4.15 trillion

  • 10. Brazil – N4.15 trillion
  • 9. Canada – N4.76 trillion
  • 8. Italy – N5.59 trillion
  • 7. France – N6.98 trillion
  • 6. Spain – N8.50 trillion
  • 5. Netherlands – N10.72 trillion
  • 4. United States – N12.99 trillion
  • 3. India – N15.50 trillion
  • 2. Africa (All African countries combined) – N15.99 trillion
  • 1. China – N22.57 trillion
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Research Team

Research Team

The Research Team at Nairametrics meticulously monitors, gathers, curates, and administers an extensive repository of both macroeconomic and microeconomic data originating from Nigeria and across Africa. Utilizing a variety of presentation formats—including documents, tables, and charts—our analysts disseminate key findings through the Nairametrics platform. Additionally, we regularly release insightful, research-driven articles that offer in-depth analyses of economic trends and indicators.

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