Nigeria’s Imports from Europe Plunge 23% as Asia, Especially China, Take the Lead

Nigeria’s imports from Europe fell sharply by N5.36 trillion in 2025, highlighting a shift in the country’s trade patterns toward Asia and the Americas, according to the National Bureau of Statistics (NBS). Imports from Europe dropped from N22.80 trillion in 2024 to N17.44 trillion last year, causing Europe’s share of Nigeria’s total imports to fall from 37.6% to 25.9%. Despite this decline, Nigeria’s overall imports increased to N67.35 trillion, showing that the country is sourcing more goods from alternative regions rather than reducing consumption.

While some European countries posted gains, overall imports from the region contracted. Imports from Germany remained largely steady, but France and Spain saw significant declines, falling by N760.08 billion and N414.17 billion respectively. Meanwhile, the UK, Netherlands, and Italy experienced growth in their exports to Nigeria, but these increases were insufficient to offset the larger drops from other partners. Analysts suggest that this mixed performance underscores Europe’s declining dominance in Nigeria’s import market.

Asia’s imports to Nigeria surged by N5.77 trillion in 2025, cementing the continent as the country’s leading trade partner. Imports from China alone grew by N5.64 trillion to N19.79 trillion, accounting for about 83% of Asia’s total export growth to Nigeria. India and Japan also contributed to the rise, although other Asian countries saw slight declines. The increase is largely driven by Nigerian industries sourcing chemicals, plastics, machinery, and other manufactured goods at competitive prices from Asian markets.

Imports from the Americas rose by N5.60 trillion to N11.87 trillion, increasing the region’s share of Nigeria’s total imports from 10.3% to 17.6%. The United States led this growth, followed by Brazil and Canada, reflecting Nigeria’s expanding reliance on American commodities and industrial inputs. Meanwhile, Africa’s contribution remained modest but showed moderate growth, highlighting Nigeria’s ongoing diversification of its sourcing beyond Europe.

Trade analysts warn that Nigeria’s heavy reliance on China poses potential risks. Johnson Chukwu, GMD of Cowry Asset Management, noted that supply chain disruptions in China could trigger inflation and economic instability. Industry experts, including Dr. Muda Yusuf of the CPPE, emphasize that while Asian imports provide cost advantages, the concentration risk requires careful management. Former MAN Vice President John Aluya highlighted Nigeria’s weak domestic production capacity as a key factor driving dependence on Asia, particularly China.

source: Punch