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 2023 were valued at US$65.13 Billion, according to the United Nations COMTRADE database on international trade. Nigeria's main export partners were: the Netherlands, Spain and India. The top three export commodities were: Mineral fuels, oils, distillation products; Fertilizers and Oil seed, oleagic fruits, grain, seed, fruits. Total Imports were valued at US$65.05 Billion. In 2023, Nigeria had a trade surplus of US$81.11 Million.

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

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.

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.

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.

Goods totaling at a value of 55.18 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.

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.

This statistic shows the most important export partner countries for Nigeria in 2023. In 2023, the most important export partner of Nigeria was the United States, with a share of 10 percent in exports.

United States Exports to Nigeria was US$4.17 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Exports to Nigeria - 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 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

Nigeria export data: leading in petroleum, oil, gas, and agrarian exports, driving economic growth and job creation.

Between April and June 2023, Nigeria exported some 5.6 trillion Nigerian naira (NGN) of crude oil, roughly seven billion U.S. dollars. Europe and Asia are Nigeria's main trade partners for crude oil exports. In the fourth quarter of 2023, crude oil exported to Europe amounted to about 2.64 trillion NGN, while exports to Asia followed with around 1.2 trillion NGN. Overall, the exports of crude oil experienced an increase in the said period. Oil exports represent Nigeria's main source of exports. Generally, the country's economy was significantly impacted by the COVID-19 pandemic.

Nigeria Exports to United Kingdom was US$2.55 Billion during 2023, according to the United Nations COMTRADE database on international trade. Nigeria Exports to United Kingdom - data, historical chart and statistics - was last updated on June of 2025.

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.

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;;