Nigeria’s total merchandise trade surged to N38.9 trillion in the third quarter of 2025, according to fresh data released by the National Bureau of Statistics (NBS), signalling steady growth in the country’s external trade performance despite lingering global economic headwinds.
The NBS report shows that both imports and exports contributed significantly to the overall trade volume, reflecting stronger commercial activity, rising demand, and improved market confidence. Analysts say the latest figures point to Nigeria’s resilience in the face of global supply chain disruptions, geopolitical tensions, and currency pressures.
The Bureau noted that while crude oil remained a major driver of export earnings, non-oil exports also recorded noticeable improvement, underscoring ongoing efforts to diversify the economy. On the import side, machinery, chemicals, and manufactured goods accounted for a large portion of inbound trade.
Economic experts believe the steady rise in external trade could boost government revenue and strengthen Nigeria’s balance of payments in the coming months. However, they also cautioned that sustaining this growth will require continued reforms, improved infrastructure, and a stable policy environment.
The NBS is expected to release more detailed sector-by-sector analysis in subsequent updates.
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