Exports in Nigeria decreased to 6791873.72 NGN Million in March from 7014759.69 NGN Million in February of 2025. This dataset provides - Nigeria Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In the first quarter of 2024, Nigeria's main export partner was France. Between January and March of the said year, France accounted for about 11.1 percent of the total exports. Spain followed, with around 10.6 percent. Mineral fuels represent Nigeria's main exports in terms of value.

Nigeria's total Exports in 2024 were valued at US$52.36 Billion, according to the United Nations COMTRADE database on international trade. Nigeria's main export partners were: Spain, France and the Netherlands. The top three export commodities were: Mineral fuels, oils, distillation products; Cocoa and cocoa preparations and Fertilizers. Total Imports were valued at US$40.97 Billion. In 2024, Nigeria had a trade surplus of US$11.39 Billion.

During the fourth quarter of 2021, crude oil was the main category of goods exported from Nigeria. The crude oil sector accounted for more than 74 percent of the total exports in that period. Moreover, petroleum products represented around 12 percent of the exported goods, while the share for raw materials reached approximately four percent.

Key information about Nigeria Total Exports

• Nigeria Total Exports recorded 3.7 USD bn in Sep 2024, compared with 4.6 USD bn in the previous month
• Nigeria Total Exports data is updated monthly, available from Jan 2003 to Sep 2024, with an averaged value of 4.7 USD bn
• The data reached an all-time high of 17.2 USD bn in Oct 2011 and a record low of 790.2 USD mn in Jun 2009

CEIC converts monthly Total Exports into USD. The National Bureau of Statistics provides Total Exports, FOB, in local currency. The Central Bank of Nigeria average market exchange rate is used for currency conversions.


Further information about Nigeria Total Exports

• In the latest reports, Nigeria Total Exports grew 56.4 % YoY in Sep 2024
• Total Imports recorded 3.0 USD bn in Mar 2023, which registered an increase of 62.9 % year on year
• Nigeria Trade Balance recorded a surplus of 1.0 USD bn in Sep 2024

Key information about Nigeria Total Exports to USA

• Nigeria Total Exports to USA recorded 124.857 USD mn in Sep 2024, compared with 629.193 USD mn in the previous Aug 2024
• Nigeria Total Exports to USA data is updated monthly, available from Jan 2003 to Sep 2024, with an averaged value of 582.839 USD mn
• The data reached an all-time high of 4.168 USD bn in Dec 2011 and a record low of 1.282 USD mn in Sep 2011

CEIC converts monthly Total Exports to USA into USD. The National Bureau of Statistics provides Total Exports to USA, FOB, in local currency. The Central Bank of Nigeria average market exchange rate is used for currency conversions.

About 92 percent of the value of exports generated in Nigeria derives from mineral fuels, oils, and distillation products. In 2021, the export of such resources accounted for roughly 42 billion U.S. dollars. Nigeria is one of the main countries for oil reserves globally and the second one on the African continent. Moreover, the export of fertilizers ranked second, holding three percent of the total share.

Imports in Nigeria decreased to 4798255.12 NGN Million in March from 5134191.14 NGN Million in February of 2025. This dataset provides - Nigeria Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Nigeria exports for 1960 were 387.79 million US dollars, a 0% increase from .

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</ul>Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.

Key information about Nigeria Total Exports

• Nigeria Total Exports expanded 56.4 % YoY in Sep 2024, compared with an increase of 112.1 % YoY in the previous month
• Nigeria Total Exports Growth data is updated monthly, available from Jan 2004 to Sep 2024, with an averaged rate of 17.8 %
• The data reached an all-time high of 880.9 % in Jun 2010 and a record low of -87.3 % in Jun 2009

CEIC calculates Total Exports Growth from monthly Total Exports. The National Bureau of Statistics provides Total Exports, FOB, in local currency.


Further information about Nigeria Total Exports

• In the latest reports, Nigeria Total Exports recorded 3.7 USD bn in Sep 2024
• Total Imports recorded 3.0 USD bn in Mar 2023, which registered an increase of 62.9 % year on year
• Nigeria Trade Balance recorded a surplus of 1.0 USD bn in Sep 2024

Key information about Nigeria Total Exports to China

• Nigeria Total Exports to China recorded 105.763 USD mn in Sep 2024, compared with 161.515 USD mn in the previous month
• Nigeria Total Exports to China data is updated monthly, available from Jan 2007 to Sep 2024, with an averaged value of 80.741 USD mn
• The data reached an all-time high of 2.836 USD bn in Jul 2012 and a record low of 0.000 USD mn in Jun 2008

CEIC converts monthly Total Exports to China into USD. The National Bureau of Statistics provides Total Exports to China, FOB, in local currency. The Central Bank of Nigeria average market exchange rate is used for currency conversions.

Nigeria imports considerably more than it exports. China is the main importing country, while India represents the main export trade partner. The highest import value derives from mineral fuels, oils, and distillation products. Similarly, crude oil, petrol, and fuel represent Nigeria's main source of export value.

Nigeria Exports to United States was US$4.86 Billion during 2023, according to the United Nations COMTRADE database on international trade. Nigeria Exports to United States - data, historical chart and statistics - was last updated on June of 2025.

Key information about Nigeria Crude Oil: Exports

• Nigeria Crude Oil: Exports was reported at 1,476.170 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 1,388.260 Barrel/Day th for Dec 2022
• Nigeria Crude Oil: Exports data is updated yearly, averaging 1,812.003 Barrel/Day th from Dec 1980 to 2023, with 44 observations
• The data reached an all-time high of 2,464.120 Barrel/Day th in 2010 and a record low of 935.200 Barrel/Day th in 1983
• Nigeria Crude Oil: Exports data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Exports

Key information about Nigeria Exports: Television

• Nigeria Exports: Television was reported at 362.730 USD th in Dec 2023
• This records a decrease from the previous number of 452.517 USD th for Dec 2022
• Nigeria Exports: Television data is updated yearly, averaging 205.700 USD th from Dec 1995 to 2023, with 29 observations
• The data reached an all-time high of 2,594.760 USD th in 2011 and a record low of 59.245 USD th in 2000
• Nigeria Exports: Television data remains active status in CEIC and is reported by United Nations Conference on Trade and Development
• The data is categorized under World Trend Plus’s Association: Electronic Sector – Table RF.UNCTAD.TR: Television Receivers: Export Value

Nigeria NG: Cost to Exports: USD per Container data was reported at 1,564.000 USD in 2014. This stayed constant from the previous number of 1,564.000 USD for 2013. Nigeria NG: Cost to Exports: USD per Container data is updated yearly, averaging 972.500 USD from Dec 2005 (Median) to 2014, with 10 observations. The data reached an all-time high of 1,564.000 USD in 2014 and a record low of 614.500 USD in 2005. Nigeria NG: Cost to Exports: USD per Container data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Company Statistics. Cost measures the fees levied on a 20-foot container in U.S. dollars. All the fees associated with completing the procedures to export or import the goods are included. These include costs for documents, administrative fees for customs clearance and technical control, customs broker fees, terminal handling charges and inland transport. The cost measure does not include tariffs or trade taxes. Only official costs are recorded. Several assumptions are made for the business surveyed: Has 60 or more employees; Is located in the country's most populous city; Is a private, limited liability company. It does not operate within an export processing zone or an industrial estate with special export or import privileges; Is domestically owned with no foreign ownership; Exports more than 10% of its sales. Assumptions about the traded goods: The traded product travels in a dry-cargo, 20-foot, full container load. The product: Is not hazardous nor does it include military items; Does not require refrigeration or any other special environment; Does not require any special phytosanitary or environmental safety standards other than accepted international standards.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

The United Arab Emirates was the main importer of gold from Nigeria in 2023. Gold exports to the country represented over 81 percent of the total gold exports. Switzerland was the other export trade partner of Nigeria, accounting for around 19 percent of the gold exports that year.

Nigeria Exports data was reported at 6,978,675.663 NGN mn in Dec 2024. This records an increase from the previous number of 6,506,990.557 NGN mn for Nov 2024. Nigeria Exports data is updated monthly, averaging 1,028,300.521 NGN mn from Jan 2003 (Median) to Dec 2024, with 264 observations. The data reached an all-time high of 7,345,006.785 NGN mn in Aug 2024 and a record low of 115,555.500 NGN mn in Jun 2009. Nigeria Exports data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s Nigeria – Table NG.JA006: Exports: by Countries.

Goods totaling at a value of ***** billion U.S. dollars were exported from Nigeria. This was one of the few years in the past two decades where the value of exports was lower than imports, as Nigeria has generally been a net exporter of goods. The most significant changes in Nigeria's international export values came in 2009, due to the Great Recession; in 2014, due to the drop in international oil prices; and in 2020, due to the Covid pandemic.

Nigeria Exports: Non Oil data was reported at 80,685.844 NGN mn in Dec 2018. This records a decrease from the previous number of 92,046.447 NGN mn for Nov 2018. Nigeria Exports: Non Oil data is updated monthly, averaging 52,351.642 NGN mn from Apr 2014 (Median) to Dec 2018, with 57 observations. The data reached an all-time high of 470,068.726 NGN mn in Feb 2018 and a record low of 18,918.638 NGN mn in May 2016. Nigeria Exports: Non Oil data remains active status in CEIC and is reported by National Bureau of Statistics of the Federal Republic of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.JA001: Trade Statistics: Monthly.