Nigeria’s total merchandise trade has risen to ₦38,037.52 billion in second quarter of 2025, representing an increase of 20.05% over the value of ₦31,683.75 billion recorded in the corresponding period of 2024.
This also represents an increase by 5.59% compared to the value recorded in the preceding quarter (₦36,024.66 billion).
According to the National Bureau of Statistics(NBS) in a post shared on its social media platform, in the quarter under review, exports accounted for 59.81% of total trade with a value of ₦22,750.74 billion, showing an increase of 28.43% over the value recorded in the corresponding quarter of 2024 (₦17,714.41 billion) and by 10.45% compared to the value recorded in Q1, 2025 (₦20,598.48 billion).
Analysis shows that crude oil remained Nigeria’s major exported commodity in the second quarter of 2025 with a value of ₦11,965.98 billion representing 52.60%
of total exports. A further breakdown reveals that the value of non-crude oil exports stood at ₦10,784.76 billion accounting for 47.40% of total exports; of which non-oil products contributed ₦3,045.55 billion or 13.39% of total exports.
