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.

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 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 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

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.

About ** 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 ** 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 ***** percent of the total share.

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.

Graph and download economic data for Value of Exports to Nigeria from California (CANGAA052SCEN) from 1992 to 2017 about Nigeria, exports, and CA.

In 2023, Nigeria's export of machinery, including computers, increased by 1,582 percent compared to the previous year. The export of these goods experienced the largest increase among the different product categories.

Exports of Nigeria decreased by 4.52% from 60,261,419,401 US dollars in 2023 to 57,536,063,917 US dollars in 2024. Since the 35.86% surge in 2022, exports sank by 16.72% in 2024. Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. Data are in current U.S. dollars.

Nigeria Export Value Index data was reported at 93.461 2015=100 in 2021. This records an increase from the previous number of 70.960 2015=100 for 2020. Nigeria Export Value Index data is updated yearly, averaging 38.852 2015=100 from Dec 1980 (Median) to 2021, with 42 observations. The data reached an all-time high of 231.001 2015=100 in 2011 and a record low of 10.027 2015=100 in 1986. Nigeria Export Value Index 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: Trade Index. Export values are the current value of exports (f.o.b.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2015). UNCTAD's export value indexes are reported for most economies.;United Nations Conference on Trade and Development;;

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.

As of 2022, exports from Nigeria to the United States amounted to approximately *** billion U.S. dollars. This increased from around *** billion U.S. dollars in the previous year. Moreover, considering the period reviewed, a peak in exports was registered in 2017, at *** billion U.S. dollars.

Nigeria: Exports of goods and services as percent of GDP: The latest value from 1960 is 9.24 percent, unavailable from percent in . In comparison, the world average is 20.58 percent, based on data from 60 countries. Historically, the average for Nigeria from 1960 to 1960 is 9.24 percent. The minimum value, 9.24 percent, was reached in 1960 while the maximum of 9.24 percent was recorded in 1960.

The value of service exports from Nigeria in 2023 totaled to around **** billion U.S. dollars. The term services includes such things as transport, tourism, financial and insurance services.

Over *** billion U.S. dollars of food, including fish, were exported from Nigeria in 2022. Fruit and vegetables represented the category with the highest export value, at around *** million U.S. dollars. This was followed by fish, amounting to ** million U.S. dollars.

Exports of goods and services (% of GDP) in Nigeria was reported at 10.74 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Exports of goods and services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Nigeria: Exports of goods and services, billion USD: The latest value from 1960 is 0.39 billion U.S. dollars, unavailable from billion U.S. dollars in . In comparison, the world average is 0.63 billion U.S. dollars, based on data from 59 countries. Historically, the average for Nigeria from 1960 to 1960 is 0.39 billion U.S. dollars. The minimum value, 0.39 billion U.S. dollars, was reached in 1960 while the maximum of 0.39 billion U.S. dollars was recorded in 1960.

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.

Exports of goods and services (BoP, current US$) in Nigeria was reported at 57536063917 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Exports of goods and services (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.