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 (NBS). This represents a 2.63 percent growth from the N38.04 trillion recorded in the second quarter of the year. The latest data indicates that the country’s international trade continues to demonstrate resilience despite ongoing economic challenges.
The NBS reported that total merchandise trade stood at N38,936.55 billion in the third quarter of 2025, marking a 2.36 percent rise compared with the second quarter of 2025. Compared with the same period in 2024, the figure reflects an 8.71 percent increase from N35.8 trillion, suggesting that Nigeria’s external sector is showing signs of stability and growth.
In the second quarter of 2025, total merchandise trade reached N38.04 trillion, a 20.05 percent jump 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 an economy that has faced various challenges in recent times.
The expansion in Nigeria’s foreign trade can be attributed to several factors, including the country’s strategic location and its large market. Government policies aimed at promoting trade and improving the business environment have also contributed. The increase in foreign trade is expected to boost the economy through higher revenue and job creation.
The latest NBS data provides valuable insights into the performance of Nigeria’s external sector. Monitoring this growth in foreign trade will be essential in the coming quarters to assess its sustainability. As the Nigerian economy evolves, tracking key indicators such as foreign trade remains crucial for understanding the country’s growth trajectory and making informed decisions.
Comments are closed for this story.