The diversification of the exports and the government-implemented policies aimed at promoting nonoil transports are some of the crucial factors that record a pivotal growth of the overall GDP value via the hike in the annual export revenue. The strategic location of the nation serves as a gateway to the significant global export markets boosting the trade reach. Being one of the most attractive trade destinations among other African Countries, Nigeria is also one of the crucial aspects of the globally growing economy due to its thriving revenue rate.

The driving factors along with the historical authenticity fostering the annual valuation have made the nation stand up at a staggering export value of 110 billion US dollars in 2024. The vast arable land and the favorable climatic conditions of the nation are some of the other stand-by sides that foster the annual export revenue of the nation in 2024 by facilitating the overall production of the globally demanded agricultural goods.

Top 10 Leading Exports of Nigeria in 2024

The growing diversification in the export market has recorded a significant hike in the export value of Nigeria by a rate of 7.5% in 2024. According to the Nigeria Export Data, the top 10 exports of the nation in 2024 are,

1. Petroleum Products - Export trade value of Petroleum Products from Nigeria in 2024 - 85 billion US dollars.

2. Cocoa Beans - Export trade value of Cocoa Beans from Nigeria in 2024 - 40 billion US dollars.

3. Fruits and Nuts - Export trade value of Fruits and Nuts from Nigeria in 2024 - 5 billion US dollars.

4. Natural Gas - Export trade value of Natural Gas from Nigeria in 2024 - 2 billion US dollars.

5. Yams - Export trade value of Yams from Nigeria in 2024 - 1 billion US dollars.

6. Textiles - Export trade value of Textiles from Nigeria in 2024 - 500 million US dollars.

7. Rubber - Export trade value of Rubber from Nigeria in 2024 - 456 million US dollars.

8. Leather Goods - Export trade value of Leather Goods from Nigeria in 2024 - 378 million US dollars.

9. Cassava - Export trade value of Cassava from Nigeria in 2024 - 278 million US dollars.

10. Ginger - Export trade value of Ginger from Nigeria in 2024 - 224 million US dollars.

Top 10 Export Trade Partners of Nigeria in 2024

The strategic location serving as a route to the destination estates and the growing global demands have induced different variations in the overall exports. According to the Nigeria Trade Data, the top 10 export trade partners of the nation in 2024 are,

1. India - As per the India Import Data, the valuation of the goods exported from Nigeria in 2024 - 16 billion US dollars.

TOP EXPORTS FROM NIGERIA

A. Crude Oil
B. Liquefied Natural Gas (LNG)
C. Petroleum Gas
D. Refined Petroleum Products
E. Gasoline

2. United States - As per the USA Import Data, the valuation of the goods exported from Nigeria in 2024 - 12 billion US dollars.

TOP EXPORTS FROM NIGERIA

A. Diesel
B. Jet Fuel
C. Kerosene
D. Heavy Fuel Oil
E. Naphtha

3. Spain - As per the Spain Import Data, the valuation of the goods exported from Nigeria in 2024 - 9 billion US dollars.

TOP EXPORTS FROM NIGERIA

A. Tin Ore
B. Zinc Ore
C. Lead Ore
D. Iron Ore
E. Coal

4. Netherlands - As per the Netherlands Import Data, valuation of the goods exported from Nigeria in 2024 - 7 billion US dollars.

TOP EXPORTS FROM NIGERIA

A. Bauxite
B. Limestone
C. Gold Ore
D. Gypsum
E. Barite

5. France - As per the France Import Data, the valuation of the goods exported from Nigeria in 2024 - 6 billion US dollars.

TOP EXPORTS FROM NIGERIA

A. Cocoa Beans
B. Cashew Nuts
C. Sesame Seeds
D. Groundnut
E. Palm Oil

6. Vietnam - As per the Vietnam Import Data, the valuation of the goods exported from Nigeria in 2024 - 5 billion US dollars.

TOP EXPORTS FROM NIGERIA

A. Cocoa Butter
B. Palm Kernel Oil
C. Shea Butter
D. Ginger
E. Gum Arabic

7. China - As per the China Import Data, the valuation of the goods exported from Nigeria in 2024 - 4 billion US dollars.

TOP EXPORTS FROM NIGERIA

A. Cotton
B. Wool
C. Leather Goods
D. Textile Fabrics
E. Garments

8. Italy - As per the Italy Import Data, valuation of the goods exported from Nigeria in 2024 - 2.8 billion US dollars.

TOP EXPORTS FROM NIGERIA

A. Synthetic Fabrics
B. Wool Products
C. Denim
D. Silk Products
E. Upholstery Fabrics

9. Indonesia - As per the Indonesia Import Data, valuation of the goods exported from Nigeria in 2024 - 1.5 billion US dollars.

TOP EXPORTS FROM NIGERIA

A. Fertilizers
B. Petrochemicals
C. Urea
D. Paints and Coatings
E. Pharmaceuticals

10. Brazil - As per the Brazil Import Data, the valuation of the goods exported from Nigeria in 2024 - 1 billion US dollars.

TOP EXPORTS FROM NIGERIA

A. Soaps and Detergents
B. Pesticides and Insecticides
C. Plastics
D. Alcohol
E. Adhesives

FAQ'S

Que. What is the export trade value of Nigeria in 2024?
Ans. The export trade value of Nigeria in 2024 is 110 billion US dollars.

Que. What is the top export of Nigeria in 2024?
Ans. Petroleum products are the top export of Nigeria in 2024.

Que. Name the top export trade partners of Nigeria in 2024.
Ans. India dominates the top export trade partner of Nigeria in 2024.

Que. Where can you get a detailed trade analysis of the export market of Nigeria in 2024?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the export market of Nigeria in 2024.

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