Nigeria's push toward export diversification made considerable headway in 2025, with non-oil exports totaling N12.36 trillion, up from N9.09 trillion in 2024.
According to data from the National Bureau of Statistics (NBS), agricultural items accounted for 41.04% of total non-oil exports, underscoring agriculture's major significance in Nigeria's export performance. Cocoa was the primary driver of exports, accounting for 24.61%.
According to the Nigerian Export Promotion Council (NEPC), Nigeria's non-oil export volume would rise to 8.02 million metric tonnes in 2025, up from 7.29 million metric tonnes in 2024, a 10% increase.
This suggests that the increase in exports was driven not only by better prices, but also by greater quantities exported to international markets.
Despite progress, Nigeria's agricultural export basket remains strongly concentrated in a few commodities, most notably cocoa, leaving revenues vulnerable to global price fluctuations.
Although the NBS now labels the data as "major traded agricultural products," the compositions, such as cocoa, sesame, and cashew, remain predominantly export oriented, implying that the data continues to serve as a solid proxy for Nigeria's agricultural exports.
Despite progress, Nigeria's agricultural export basket remains strongly concentrated in a few commodities, most notably cocoa, leaving revenues vulnerable to global price fluctuations.
Although the NBS now labels the data as "major traded agricultural products," the compositions, such as cocoa, sesame, and cashew, remain predominantly export oriented, implying that the data continues to serve as a solid proxy for Nigeria's agricultural exports.
Raw soya bean shipments declined considerably in 2025, reflecting problems in both supply and global demand.
Export value is N47.48 billion.
Share of non-oil exports: 0.38%
Year on year growth: -62.08%.
The steep drop is most likely caused by domestic production limits and worldwide competitiveness in raw soybean markets.
India, Canada, the United States, Sri Lanka, and the Gabon Republic were among the top soya bean export destinations (excluding seeds).
Export value is N47.48 billion.
Share of non-oil exports: 0.38%
Year on year growth: -62.08%.
The steep drop is most likely caused by domestic production limits and worldwide competitiveness in raw soybean markets.
India, Canada, the United States, Sri Lanka, and the Gabon Republic were among the top soya bean export destinations (excluding seeds).
Seafood exports expanded moderately in 2025, indicating global demand for high-value protein.
Export value: N81.41 billion.
Share of non-oil exports: 0.66%
Year on year growth: +9.27%.
The development indicates that Nigeria's seafood export sector has the potential to expand, particularly in premium markets.
Export value: N81.41 billion.
Share of non-oil exports: 0.66%
Year on year growth: +9.27%.
The development indicates that Nigeria's seafood export sector has the potential to expand, particularly in premium markets.
Horticultural exports were a small but consistent segment, making a moderate contribution to total non-oil export revenues.
Export value: N86.57 billion.
Share of non-oil exports: 0.70 percent
Year on year growth: -0.25%.
The modest fluctuation demonstrates that global demand in Nigeria's ornamental products remains stable, despite the fact that this sector accounts for a lesser proportion of total exports.
Export value: N86.57 billion.
Share of non-oil exports: 0.70 percent
Year on year growth: -0.25%.
The modest fluctuation demonstrates that global demand in Nigeria's ornamental products remains stable, despite the fact that this sector accounts for a lesser proportion of total exports.
Cocoa Butter
Nigeria's growing value-added export market is reflected in its shipments of cocoa butter.
Value of exports: N320.06 billion
Non-oil export share: 2.59%
Growth year over year: +5.09%
Cocoa butter, which is widely utilized in the manufacturing of chocolate and cosmetics, makes more money per unit even though its export quantities are still lower than those of raw cocoa.
Germany, the Netherlands, Estonia, South Africa, and France were among the countries to which natural cocoa butter was exported.
Value of exports: N320.06 billion
Non-oil export share: 2.59%
Growth year over year: +5.09%
Cocoa butter, which is widely utilized in the manufacturing of chocolate and cosmetics, makes more money per unit even though its export quantities are still lower than those of raw cocoa.
Germany, the Netherlands, Estonia, South Africa, and France were among the countries to which natural cocoa butter was exported.
Shelled Cashew
Exports of shelled cashews increased significantly as a result of more local processing.
Value of exports: N183.87 billion
1.49% of non-oil exports
Growth year over year: +94.72%
The robust growth points to the construction of domestic cashew processing facilities, which would change exports from raw nuts to higher-value goods.
The Netherlands, Belgium, Vietnam, and India were the primary markets for shelled cashew nuts.
Value of exports: N183.87 billion
1.49% of non-oil exports
Growth year over year: +94.72%
The robust growth points to the construction of domestic cashew processing facilities, which would change exports from raw nuts to higher-value goods.
The Netherlands, Belgium, Vietnam, and India were the primary markets for shelled cashew nuts.
Cashew nut in Shell
Due to the worldwide demand for raw nuts, cashew nuts in shell continued to expand rapidly.
Value of exports: N598.71 billion
4.85% of non-oil exports
Value of exports: N598.71 billion
4.85% of non-oil exports
Growth year over year: +89.11%
Nigeria is a large producer of cashews, with the majority of its exports going to processing nations, as seen by its strong performance in this category.
Vietnam, India, Belgium, and the Netherlands were the primary destinations for cashew nuts in shell.
Nigeria is a large producer of cashews, with the majority of its exports going to processing nations, as seen by its strong performance in this category.
Vietnam, India, Belgium, and the Netherlands were the primary destinations for cashew nuts in shell.
No comments:
Post a Comment