Nigeria trade rises to N38.9 trillion in Q3 2025

Nigeria’s foreign trade has experienced a notable increase, reaching N38.9 trillion in the third quarter of 2025, according to the National Bureau of Statistics. This represents a 2.63 percent growth from the N38.04 trillion recorded in the second quarter of the year. The latest foreign trade data indicates that the country’s international trade has continued to demonstrate resilience despite ongoing economic challenges.

The NBS reported that Nigeria’s total merchandise trade stood at N38,936.55 billion in the third quarter of 2025, marking a 2.36 percent increase compared to the value recorded in the second quarter of 2025. This growth also represents an 8.71 percent increase compared to the N35.8 trillion recorded in the same quarter of 2024. The data suggests that the country’s external sector is showing signs of stability and growth.

In the second quarter of 2025, Nigeria’s total merchandise trade had reached N38.04 trillion, a 20.05 percent rise from the N31.68 trillion posted in the corresponding period of 2024. This also represented a 5.59 percent increase from the N36.02 trillion recorded in the first quarter of 2025. The consistent growth in foreign trade is a positive indicator for the Nigerian economy, which has been facing various challenges in recent times.

The growth in Nigeria’s foreign trade can be attributed to various factors, including the country’s strategic location and its large market. The government has also implemented policies aimed at promoting trade and improving the business environment. The increase in foreign trade is expected to have a positive impact on the country’s economy, including an increase in revenue and job creation.

The latest foreign trade data from the NBS provides valuable insights into the performance of Nigeria’s external sector. The growth in foreign trade is a significant development, and it will be important to monitor the trend in the coming quarters to assess its sustainability. As the Nigerian economy continues to evolve, it is essential to keep track of key economic indicators, including foreign trade, to understand the country’s growth trajectory and make informed decisions.