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.

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.

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.

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 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.

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.

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

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.

Top Steel Nigeria Limited Company Export Import Records. Follow the Eximpedia platform for HS code, importer-exporter records, and customs shipment details.

Nigeria NG: Exports: Lead Time: Median Case data was reported at 3.000 Day in 2016. This records a decrease from the previous number of 4.000 Day for 2014. Nigeria NG: Exports: Lead Time: Median Case data is updated yearly, averaging 4.000 Day from Dec 2007 (Median) to 2016, with 5 observations. The data reached an all-time high of 9.900 Day in 2007 and a record low of 2.510 Day in 2010. Nigeria NG: Exports: Lead Time: Median Case 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 Statistics. Lead time to export is the median time (the value for 50 percent of shipments) from shipment point to port of loading. Data are from the Logistics Performance Index survey. Respondents provided separate values for the best case (10 percent of shipments) and the median case (50 percent of shipments). The data are exponentiated averages of the logarithm of single value responses and of midpoint values of range responses for the median case.; ; World Bank and Turku School of Economics, Logistic Performance Index Surveys. Data are available online at : http://www.worldbank.org/lpi. Summary results are published in Arvis and others' Connecting to Compete: Trade Logistics in the Global Economy, The Logistics Performance Index and Its Indicators report.; Unweighted average;

Key information about Nigeria's Trade Balance

• Nigeria's Trade Balance recorded a surplus of 1.0 USD bn in Sep 2024, compared with a surplus of 1.3 USD bn in the previous month
• Nigeria's Trade Balance data is updated monthly, available from Jan 2003 to Sep 2024, with an averaged value of 1.5 USD bn
• The data reached an all-time high of 14.4 USD bn in Oct 2011 and a record low of -3.9 USD bn in Mar 2011

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

Further information about Nigeria's Trade Balance

• In the latest reports, Nigeria's Total Exports reached 3.7 USD bn in Sep 2024, an increase of 62.9% YoY (year-on-year)
• Total Imports recorded 3.0 USD bn in Mar 2023, an increase of 62.9% YoY (year-on-year)

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

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

Top Cell Nigeria Limited Company Export Import Records. Follow the Eximpedia platform for HS code, importer-exporter records, and customs shipment details.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Top Polymers Nigeria Limited Company Export Import Records. Follow the Eximpedia platform for HS code, importer-exporter records, and customs shipment details.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.