Spain has emerged as Nigeria’s largest export destination in the second quarter of 2025, absorbing goods worth ₦2.47 trillion, according to the National Bureau of Statistics (NBS).
The report, titled Foreign Trade in Goods Statistics, also showed that China retained its dominance as Nigeria’s biggest source of imports, supplying ₦4.96 trillion worth of goods during the period.
Nigeria’s overall trade position strengthened in Q2 2025, with the trade surplus widening by 44.3 per cent to ₦7.46 trillion, compared to ₦5.17 trillion recorded in the first quarter.
Total exports rose by 10.5 per cent quarter-on-quarter to ₦22.75 trillion, representing a 28.4 per cent increase year-on-year. Imports, however, slipped slightly by 0.9 per cent to ₦15.29 trillion.
Other major export destinations included:
- India – ₦1.98 trillion
- France – ₦1.62 trillion
- The Netherlands – ₦1.54 trillion
- Canada – ₦1.43 trillion
Collectively, these top five markets accounted for nearly 40 per cent of Nigeria’s total exports.
On a regional basis, Europe remained the top market, taking in 38 per cent of exports, followed by Asia at 33 per cent, the Americas at 16 per cent, and Africa at 13 per cent. Within Africa, ECOWAS countries imported goods worth ₦1.93 trillion, largely dominated by petroleum products.
