Korede Abdullah 
Lagos, Nigeria – Nigeria’s export earnings rose to ₦22.8 trillion in Q3 2025, driven by a sharp rebound in raw material shipments, the National Bureau of Statistics (NBS) reports.
The figure marks an 11.08% year-on-year increase from ₦20.54 trillion in Q3 2024 and a 0.28% rise over Q2 2025. India, Spain, France, the Netherlands and Italy top Nigeria’s export destinations.
Crude oil, natural gas and petroleum products dominate outbound trade, while raw material exports surge 136.38% to ₦1.04 trillion. “Total exports in Q3 2025 were valued at ₦22,813.57 billion,” the NBS says. Crude oil exports total ₦12.81 trillion, down 4.47% year-on-year but up 7.03% quarter-on-quarter.
Agricultural exports dip to ₦786.62 billion, while manufactured goods decline year-on-year but improve quarter-on-quarter. Solid minerals exports climbed to ₦100.81 billion.
Imports also rise, reaching ₦16.12 trillion, up 5.51% year-on-year, led by stronger demand from China, the United States and India.
China remains Nigeria’s largest supplier, followed by the US, India, the UAE and Belgium.
About the Author
Oluwatobi Adu 
Edino Chubiyo Cornelius 
Koko Maxwella 