Top 10 Export Commodities

In Q4 2024, Nigeria’s top export products were dominated by crude oil and several agricultural goods. Here are the key highlights:

Crude Oil: Valued at N13.78 trillion, it accounted for 68.87% of total exports.

Liquefied Natural Gas: Contributed significantly, though specific figures were not detailed in the sources.

Other Petroleum Gases: Also a major export, contributing to the energy sector.

Superior Quality Cocoa Beans: Exported for N836.23 billion, primarily to the Netherlands and Malaysia.

Standard Quality Cocoa Beans: Valued at N269.34 billion, with major markets in Belgium and Italy.

Sesamum Seeds: Exported for N202.94 billion, with significant demand from China and Japan.

Natural Cocoa Butter: Worth N104.59 billion, used in various industries including cosmetics.

Shelled Cashew Nuts: Valued at N30.7 billion, with major exports to Vietnam and Malaysia.

Crude Shea Oil: Exported for N24.2 billion, utilized in cosmetics and food industries.

Frozen Shrimps and Prawns: Contributed N23.5 billion to exports, benefiting from Nigeria’s rich marine resources.

These products reflect Nigeria’s strong reliance on crude oil while also showcasing growth in agricultural exports.