Spain has emerged as Nigeria’s largest export destination in the second quarter of 2025, absorbing goods valued at N2.47 trillion, while China retained its dominance as the country’s biggest source of imports, supplying N4.96 trillion worth of goods.
The National Bureau of Statistics (NBS), in its Foreign Trade in Goods Statistics report, said Nigeria’s trade position strengthened during the period, with the surplus widening by 44.3 per cent to N7.46 trillion, compared to N5.17 trillionin the first quarter.
Total exports stood at N22.75 trillion, up 10.5 per cent quarter-on-quarter and 28.4 per cent higher than the same period of 2024, while imports slipped marginally by 0.9 per cent to N15.29 trillion.
Other leading export destinations included India with N1.98 trillion, France with N1.62 trillion, the Netherlands with N1.54 trillion and Canada with N1.43 trillion.
Collectively, these five countries accounted for nearly 40 per cent of Nigeria’s total exports. Europe remained the top regional 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 received goods worth N1.93 trillion, mainly petroleum products.
