RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

China-Nigeria Trade Surges to $15.48 Billion in 2025

Rate Captain by Rate Captain
September 22, 2025
in Economy, Markets
Reading Time: 2 mins read
A A
0
China’s Belt and Road Initiative Raises Questions About Nigeria’s Growing Debt
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Bilateral trade between Nigeria and China climbed to $15.48 billion in the first seven months of 2025, marking a 34.7% increase from the same period in 2024, according to Yan Yuqing, Consul-General of China in Lagos. Speaking at a reception on September 21, 2025, as reported by the News Agency of Nigeria (NAN), Yuqing highlighted Nigeria’s position as China’s second-largest trading partner in Africa.

The growth in trade reflects deepening economic ties, bolstered by the elevation of Nigeria-China relations to a comprehensive strategic partnership during the 2024 Forum on China-Africa Cooperation (FOCAC) summit. This milestone has paved the way for expanded collaboration across multiple sectors, including infrastructure, trade, energy, culture, and education.

AlsoRead

Nigeria and UAE Sign Landmark Trade Deal to Eliminate Tariffs on Thousands of Products

National Grid Collapses Again, Plunging Nigeria into Nationwide Blackout

US Records $1.45 Billion Trade Surplus with Nigeria in First 10 Months of 2025 as Exports Surge 60%

Key Drivers of Trade Growth

Yuqing emphasized that the robust trade figures stem from a commitment to mutual respect and benefit, yielding significant outcomes for both nations. “From January to July 2025, our bilateral trade reached $15.483 billion, with cooperation in infrastructure, investment, energy, and cultural exchanges delivering tangible benefits to our people,” she stated.

China’s economy, which grew by 5.3% in the first half of 2025 despite global economic challenges, has further supported this trade surge. Nigeria, a key recipient of Chinese exports, imported N4.96 trillion worth of goods from China in the second quarter of 2025 alone, more than doubling the value of imports from the United States (N2.16 trillion). Major imports included machinery, refined petroleum products, and telecommunication equipment, underscoring China’s role as Nigeria’s leading supplier of industrial and consumer goods.

Broader Economic and Cultural Impact

Asia, led by China, accounted for 50% of Nigeria’s total imports in Q2 2025, with India, the Netherlands, and the United Arab Emirates also contributing significantly. Manufactured goods from China reached N7.88 trillion, while agricultural imports, primarily wheat from Canada and Russia, totaled N1.18 trillion.

Yuqing praised the Chinese community in Nigeria for fostering local development, cultural exchanges, and charitable initiatives, describing them as vital connectors in strengthening bilateral ties. She also reaffirmed the Consulate’s commitment to supporting the welfare of Chinese nationals in Nigeria and promoting further economic collaboration.

A Historic Partnership

Describing China-Nigeria relations as being at their “best in history,” Yuqing expressed optimism about future growth. The strategic partnership, combined with Nigeria’s position as a key African market, signals significant potential for continued economic and cultural cooperation. As both nations deepen their collaboration, the trade relationship is expected to drive further mutual benefits and regional influence.

Tags: #Nigeria
Previous Post

Foreign Investment in Nigerian Stock Market Soars to N1.3 Trillion

Next Post

Nigeria’s Foreign Exchange Reserves Reach $42.03 Billion, a Six-Year High

Related News

2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

Nigeria and UAE Sign Landmark Trade Deal to Eliminate Tariffs on Thousands of Products

by Stephen Akudike
January 27, 2026
0

Nigeria and the United Arab Emirates have signed a Comprehensive Economic Partnership Agreement (CEPA) that removes tariffs on thousands of...

 Top Story: Central Bank Raises MPR by 200 Basis Points to 24.75%

National Grid Collapses Again, Plunging Nigeria into Nationwide Blackout

by Victoria Attah
January 27, 2026
0

Nigeria’s electricity grid has suffered another total system collapse, marking the second major failure in 2026 and leaving the entire...

US Records $1.45 Billion Trade Surplus with Nigeria in First 10 Months of 2025 as Exports Surge 60%

by Jide Omodele
January 27, 2026
0

The United States posted a $1.45 billion goods trade surplus with Nigeria in the first ten months of 2025  a...

LIRS Shuts 34 Companies Over Tax Non-Compliance

LIRS Warns Banks, Employers and Others: We’ll Deduct Unpaid Taxes Directly from Your Funds

by Stephen Akudike
January 26, 2026
0

The Lagos State Internal Revenue Service (LIRS) has issued a strong public warning that it will begin using its legal...

Next Post
Naira appreciates to N740/$ in the parallel market.

Nigeria's Foreign Exchange Reserves Reach $42.03 Billion, a Six-Year High

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

Nigeria and UAE Sign Landmark Trade Deal to Eliminate Tariffs on Thousands of Products

January 27, 2026
 Top Story: Central Bank Raises MPR by 200 Basis Points to 24.75%

National Grid Collapses Again, Plunging Nigeria into Nationwide Blackout

January 27, 2026

Popular Story

  • 2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

    Nigeria and UAE Sign Landmark Trade Deal to Eliminate Tariffs on Thousands of Products

    0 shares
    Share 0 Tweet 0
  • Dangote Refinery Suspends Petrol Sales and Cancels Contracts as Crude Supply Issues Bite

    0 shares
    Share 0 Tweet 0
  • US Records $1.45 Billion Trade Surplus with Nigeria in First 10 Months of 2025 as Exports Surge 60%

    0 shares
    Share 0 Tweet 0
  • Nigeria Customs Service Surpasses N7.2 Trillion Revenue Target in 2025

    0 shares
    Share 0 Tweet 0
  • National Grid Collapses Again, Plunging Nigeria into Nationwide Blackout

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>