Nigeria Export Data: Brief Overview of the Top Trade Partners

The export economy of Nigeria has continuously increased over the years due to diversification in the globally supplied services. The increasing demand for commodities like oil and gas, pharmaceuticals, textiles, and agricultural products has been recording an upward trajectory in the overall global supply of essential goods from Nigeria’s trade firms. Nigeria Import Data says the strategic location of the nation and the well-developed infrastructure of the transportation ports have indulged the nation as a trading hub among all the other leading competitors worldwide, resulting in a feasible exchange of globally sought-after commodities.

The recent trade on global statistics has reported that the overall export value of Nigeria has come across a wide export valuation of 110 billion US dollars in 2024 from an export valuation of 62 billion US dollars in 2020. Import Globals with its Nigeria trade data represents the categorized shipments of goods supplied from the nation towards other leading trade destination estates for a proper briefing of the potential market zones that can be a valuable tool for the business holders looking for business expansions.

THE LEADING VARIANTS OF GOODS EXPORTED FROM NIGERIA IN 2024

The thriving export industry of Nigeria has significantly introduced a diversity of exports in overall services. According to the Nigeria Export Data, the top 10 leading variants of goods exported from the trade firms of a nation in 2024 are,

  1. Crude Oil — The total value of Crude Oil exported from Nigeria in 2024–32 billion US dollars
  2. Natural Gas- The total value of Natural Gas exported from Nigeria in 2024–22 billion US dollars
  3. Cocoa beans- The total value of Cocoa beans exported from Nigeria in 2024–17 billion US dollars
  4. Wood Products- The total value of Wood Products exported from Nigeria in 2024–15 billion US dollars
  5. Sesame seeds- The total value of Sesame seeds exported from Nigeria in 2024–12 billion US dollars
  6. Cashew Nuts- The total value of Cashew Nuts exported from Nigeria in 2024–10 billion US dollars
  7. Leather products- The total value of Leather products exported from Nigeria in 2024–8 billion US dollars
  8. Tomatoes- The total value of Tomatoes exported from Nigeria in 2024–6 billion US dollars
  9. Rubber- The total value of Rubber exported from Nigeria in 2024–5 billion US dollars
  10. Raw Cotton- The total value of Raw Cotton exported from Nigeria in 2024–4 billion US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF NIGERIA IN 2024

The rapidly growing export economy of Nigeria with a wide range of products has established a stable trade relationship with all the regions of closer geographical proximity for a valuable trade outgrowth. According to the Nigeria Trade Data, the top 10 export trade partners of the nation with which Nigeria trades most of its domestically produced goods in 2024 are,

  1. India — The total annual export trade value of goods from Nigeria to India in 2024–26 billion US dollars

Top 5 variants of goods exported

1. Crude Oil

2. Petroleum Gas

3. Cocoa Beans

4. Rubber

5. Sesame Seeds

2. Spain- The total annual export trade value of goods from Nigeria to Spain in 2024–22 billion US dollars

Top 5 variants of goods exported

1. Cashew Nuts

2. Palm Oil

3. Natural Gas Liquids

4. Lead Ore & Concentrates

5. Ginger

3. Netherlands- The total annual export trade value of goods from Nigeria to the Netherlands in 2024–18 billion US dollars

Top 5 variants of goods exported

1. Zinc Ore & Concentrates

2. Petroleum products

3. Cocoa beans

4. Cashew nuts

5. Sesame seeds

4. France- The total annual export trade value of goods from Nigeria to France in 2024–15 billion US dollars

Top 5 variants of goods exported

1. Shea butter

2. Palm oil

3. Rubber

4. Timber wood

5. Vegetables

5. South Africa — The total annual export trade value of goods from Nigeria to South Africa in 2024–13 billion US dollars

Top 5 variants of goods exported

1. Beans

2. Rice

3. Cotton

4. Livestock products

5. Seafood

  1. United States- The total annual export trade value of goods from Nigeria to the United States in 2024–12 billion US dollars

Top 5 variants of goods exported

1. Petroleum Products

2. Cocoa beans

3. Cashew nuts

4. Sesame seeds

5. Rubber

7. Vietnam- The total annual export trade value of goods from Nigeria to Vietnam in 2024–9 billion US dollars

Top 5 variants of goods exported

1. Natural gas

2. Palm oil

3. Shea butter

4. Groundnuts

5. Marine products

8. Brazil- The total annual export trade value of goods from Nigeria to Brazil in 2024–8 billion US dollars

Top 5 variants of goods exported

1. Leather products

2. Fruits & vegetables

3. Textiles

4. Cotton

5. Aluminum & products

9. Italy- The total annual export trade value of goods from Nigeria to Italy in 2024–6 billion US dollars

Top 5 variants of goods exported

1. Palm oil

2. Wheat

3. Sorghum

4. Millet

5. Cassava flakes

10. United Kingdom — The total annual export trade value of goods from Nigeria to the United Kingdom in 2024–5 billion US dollars

Top 5 variants of goods exported

1. Limestone

2. Diamonds

3. Ceramics

4. Fertilizers

5. Electronic equipment

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