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Reading: China and US Dominate Nigeria’s N17.25 Trillion Import Market
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Business

China and US Dominate Nigeria’s N17.25 Trillion Import Market

By
Ogungbayi Feyisola Faesol
ByOgungbayi Feyisola Faesol
Faesol is a journalist at Okaynews.com, reporting on business, technology, and current events with clear, engaging, and timely coverage.
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March 12, 2026 - 2:47 pm
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Abuja, Nigeria – Nigeria’s import trade in the fourth quarter of 2025 remained heavily concentrated among a small group of countries. Data from the National Bureau of Statistics shows total imports reached N17.25 trillion ($11.5 billion USD) during the period.
Okay News reports that the top 10 trading partners accounted for N13.01 trillion, representing 75.41% of Nigeria’s imports for the quarter. This shows how a relatively small group of countries continue to dominate Nigeria’s supply chain for key goods.
China maintained its position as Nigeria’s largest source of imports by a wide margin. The United States and the Netherlands followed in second and third positions, respectively. This reflects the growing role of energy products, food commodities, and industrial inputs in Nigeria’s import mix.
Latvia closed out the top ten list with N328.32 billion worth of goods exported to Nigeria during the quarter. Although Latvia is a smaller European economy, its trade relationship with Nigeria has increasingly been linked to agricultural commodities, processed food inputs, and industrial materials. Latvia accounted for 1.90% of imports among the top partners.
The concentration of imports among a few countries highlights Nigeria’s continued reliance on external suppliers for essential products. These range from fuel and vehicles to industrial machinery and food commodities.
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