India Leads Nigeria’s Export Surge in Q1 2025

Image Source: Credlix

Nigeria’s export trade recorded significant growth in the first quarter of 2025, reaching N20.598 trillion, a 2.92% increase from the previous quarter and a 7.42% rise year-on-year. India emerged as Nigeria’s top export destination, reinforcing the strong trade ties between the two nations.

Major Trade Highlights and Growth Trends
- India, Italy, and the Netherlands remained Nigeria’s leading export destinations.
- Crude petroleum dominated Nigeria’s exports, accounting for N12.96 trillion, or 62.89% of total trade.
- Natural gas exports followed at N1.93 trillion, while other petroleum gases recorded N1.78 trillion in export value.

Top 10 Export Destinations for Nigeria in Q1 2025
1. India – Strengthening its position as Nigeria’s largest trade partner.
2. Italy – Maintaining steady trade relations with Nigeria.
3. Netherlands – A key European buyer of Nigerian crude oil.
4. Spain – A major importer of Nigerian petroleum products.
5. France – Witnessing a decline in trade volume but still a top destination.
6. Canada – Expanding its trade footprint with Nigeria.
7. Indonesia – Strengthening its presence in Nigeria’s export market.
8. United States – A consistent importer of Nigerian goods.
9. South Africa – A leading African trade partner.
10. Malaysia – Making a notable entry into Nigeria’s top export destinations.

Nigeria’s export sector continues to evolve, with India’s dominance highlighting the growing economic partnership between the two nations.

Sources: Nairametrics, BusinessDay NG.