Abuja, Sept. 16, 2025 – Nigeria recorded a trade surplus of N12.64 trillion in the first half of 2025.
The National Bureau of Statistics (NBS) disclosed this in its latest report on Nigeria’s foreign trade just released in Abuja.
The trade surplus represented a 54.6% increase over the N8.17 trillion surplus recorded in corresponding period in 2024.
The report said the trade surplus widened on a quarterly basis from N5.17 trillion in Q1 2025 to N7.46 trillion in Q2 2025.
It reported that Nigeria’s crude oil export, however, dropped to N24.92 trillion in the first half of 2025 from N28.10 trillion in the same period in 2024
It said crude exports stood at N12.96 trillion in the first quarter of 2025 and slipped further to N11.97 trillion in the second quarter.
Crude oil was still the dominant export product during the period in spite of its dimmer performance.
Nigeria’s non-oil exports, however, rose to N18.43 trillion during the period.
NBS said the non-oil exports figure was more than double the figure recorded in the same period in 2024.
Within the non-oil exports, agricultural produce and solid minerals remained dominant at just above N3 trillion in each of the two quarters.
