Nigeria’s total merchandise trade rose to ₦38.9 trillion in the third quarter of 2025.
The figure represents an 8.71 percent increase from the ₦35.8 trillion recorded in the corresponding quarter of 2024 and also marks a 2.36 percent rise compared with the ₦38.04 trillion posted in the second quarter of 2025.
Total exports stood at ₦22.8 trillion.
Total imports were ₦16.12 trillion.
Nigeria recorded a trade surplus of ₦6.69 trillion.
The National Bureau of Statistics (NBS) had reported a similar upward trend in the second quarter of 2025, driven largely by stronger crude oil exports and improved non-oil performance.
In the first quarter of the year, Nigeria recorded total trade of ₦34.5 trillion, signalling a steady recovery in external trade flows following global supply chain adjustments.
Analysts have attributed the sustained growth to higher global commodity prices, improved oil production levels and a gradual rebound in manufacturing imports.