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.

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.

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.

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.

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 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.

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.

Nigeria Exports to United Kingdom was US$1.26 Billion during 2024, according to the United Nations COMTRADE database on international trade. Nigeria Exports to United Kingdom - data, historical chart and statistics - was last updated on August of 2025.

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.

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 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

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

Between April and June 2023, Nigeria exported some *** trillion Nigerian naira (NGN) of crude oil, roughly ***** 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 **** trillion NGN, while exports to Asia followed with around *** 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.

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: 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.

As of 2023, crude oil exports from Nigeria accounted for over ** percent of the country's total exports. In the preceding year, the share was slightly lower, at around ** percent. India and Spain were the main trading partners of Nigeria in terms of crude oil exports in 2021.

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.

In January 2025, Nigeria exported around 1.1 million barrels per day in crude oil, slightly higher than the previous month. In the face of the COVID-19 pandemic, the export of crude oil from Nigeria experienced a decrease in 2020. In December 2020, exports of crude oil recorded the lowest amount, going below one million barrels per day. By December 2021, the volume had reached 0.75 million barrels per day.

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