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Kaothaj_
9 months ago
Nigeria’s Exports To The Africa Surges 91%, Now ₦4.9 Trillion
Foreign trade data from Nigeria’s National Bureau of Statistics shows that the country’s exports to Africa in Quarter 3 of 2025 jumped 97.16% year-on-year to ₦4.9 trillion, from ₦2.49tn in Q3-2024.
The report also showed that:
* Exports to China leapt 230.49% to ₦2.26trn in Q3-2025 vs ₦683.74bn a year earlier.
* Exports to Brazil grew 19.58% to ₦446.76bn vs ₦373.61bn in Q3-2024.
* Exports to India dropped 52.83% to ₦560.76bn vs ₦1.19tn in Q3-2024.
* Exports to the USA dropped 55.97% to ₦743.63bn vs ₦1.69tn in Q3-2024.
Stakeholders have opined that the trade data provides straightforward evidence that Nigeria’s manufacturers and exporters are turning toward “BRICS” countries as alternative markets.
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