Top Export Products of Nigeria

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10-Apr-2025

Overview

Nigeria

As the Nigeria export data reveals, the nation's top export products for 2023 were prominently characterized by:

> Crude Petroleum: 80%

> Natural Gas: 5%

> Cocoa Beans: 4%

> Refined Petroleum: 3%

> Rubber: 2%

> Aluminum: 1%

> Sesame Seeds: 1%

> Cashew Nuts: 1%

> Fruits: 1%

> Processed Food: 1%

These top 10 export items represented a significant 99% of Nigeria's total export value for 2023. When analyzing Nigeria's customs records, it's evident that the fastest-growing export categories were Crude Petroleum (USD 50 billion), Natural Gas (USD 3 billion), and Cocoa Beans (USD 2.5 billion) showing a robust upward trend. Conversely, the declining sectors in the export landscape included products of the Refined Petroleum, Rubber, Aluminum, as well as Sesame Seeds.

For businesses and market analysts, the subsequent chart offers a deeper dive, showcasing the monetary value and market dynamics of Nigeria’s top 10 export commodities for 2023.

YOY and MOM comparison of growth and share of top Export Products of nigeria

Top Export Products of Nigeria

YOY comparison of growth and share of top Export Products of Nigeria

MOM comparison of growth and share of top Export Products of Nigeria

Export Products of Nigeria
100

1M 3M 6M 1Y 3Y ALL

Top Products		2023	2022	Growth%	2023 Share	2022 Share
Coconuts, Brazil nuts and cashew nuts, Fresh or dried, Whether or not shelled or peeled - coconuts : HSN Code: 08013100 08013200 08011100 Exporters : Nigeria Exporters 631 Nigeria Exporters Shipment 12,754	Value	$797,980,956.47	$564,504,180.42	41.36%	0.84%	0.86%
	Shipment	3,963	4,017	-1.34%	3.25%	4.16%
Beauty or make-up preparations and preparations for the care of the skin (other than medicaments), Including sunscreen or suntan preparations; manicure or pedicure preparations HSN Code: 33049900 33049100 33049990 Exporters : Nigeria Exporters 1,607 Nigeria Exporters Shipment 11,858	Value	$201,720,592.76	$144,497,583.32	39.60%	0.21%	0.22%
	Shipment	5,122	2,014	154.32%	4.20%	2.09%
Parts and accessories of the motor vehicles of headings 8701 to 8705 HSN Code: 87089900 87088000 87083000 Exporters : Nigeria Exporters 1,690 Nigeria Exporters Shipment 11,847	Value	$1,043,379,386.4	$939,200,672.06	11.09%	1.10%	1.44%
	Shipment	5,303	2,592	104.59%	4.35%	2.69%
Wood in the rough, Whether or not stripped of bark or sapwood, Or roughly squared HSN Code: 44039990 44034200 44031100 Exporters : Nigeria Exporters 586 Nigeria Exporters Shipment 9,532	Value	$11,786,727.45	$48,019,216.54	-75.45%	0.01%	0.07%
	Shipment	1,240	6,390	-80.59%	1.02%	6.62%
Other oil seeds and oleaginous fruits, Whether or not broken HSN Code: 12074000 12074090 12074010 Exporters : Nigeria Exporters 311 Nigeria Exporters Shipment 9,016	Value	$618,475,774.78	$680,739,593.67	-9.15%	0.65%	1.04%
	Shipment	2,276	3,570	-36.25%	1.87%	3.70%
Waters, Including mineral waters and aerated waters, Containing added sugar or other sweetening matter or flavoured, And other non-alcoholic beverages, Not including fruit or vegetable juices of heading 2009 HSN Code: 22021000 22029990 22029900 Exporters : Nigeria Exporters 1,029 Nigeria Exporters Shipment 8,183	Value	$198,013,158.25	$76,923,218.58	157.42%	0.21%	0.12%
	Shipment	3,486	1,272	174.06%	2.86%	1.32%
Printed books, Brochures, Leaflets and similar printed matter, Whether or not in single sheets HSN Code: 49019910 49019990 49019900 Exporters : Nigeria Exporters 389 Nigeria Exporters Shipment 7,563	Value	$7,195,166.98	$15,286,336.49	-52.93%	0.01%	0.02%
	Shipment	3,783	630	500.48%	3.10%	0.65%
Onions, Shallots, Garlic, Leeks and other alliaceous vegetables, Fresh or chilled HSN Code: 07031000 07032000 07031019 Exporters : Nigeria Exporters 774 Nigeria Exporters Shipment 6,507	Value	$159,606,838.83	$0	100%	0.17%	0.00%
	Shipment	2,732	0	100%	2.24%	0.00%
Soap; organic surface-active products and preparations for use as soap, In the form of bars, Cakes, Moulded pieces or shapes, Whether or not containing soap; organic surface-active products and preparations for washing the skin, In the form of liquid or c HSN Code: 34012000 34011910 34011190 Exporters : Nigeria Exporters 1,123 Nigeria Exporters Shipment 5,583	Value	$16,888,685.03	$19,765,450.69	-14.55%	0.02%	0.03%
	Shipment	2,094	967	116.55%	1.72%	1.00%
Ginger, Saffron, Turmeric (curcuma), Thyme, Bay leaves, Curry and other spices - ginger: HSN Code: 09101100 09101200 09101120 Exporters : Nigeria Exporters 542 Nigeria Exporters Shipment 5,545	Value	$77,438,375.66	$113,936,623.35	-32.03%	0.08%	0.17%
	Shipment	2,180	2,409	-9.51%	1.79%	2.50%
Wigs, False beards, Eyebrows and eyelashes, Switches and the like, Of human or animal hair or of textile materials; articles of human hair not elsewhere specified or included - of synthetic textile materials : HSN Code: 67049000 67041900 67041100 Exporters : Nigeria Exporters 1,302 Nigeria Exporters Shipment 5,133	Value	$66,367,673.77	$51,222,070.84	29.57%	0.07%	0.08%
	Shipment	2,196	1,466	49.80%	1.80%	1.52%
Cocoa beans, Whole or broken, Raw or roasted HSN Code: 18010011 18010012 18010019 Exporters : Nigeria Exporters 91 Nigeria Exporters Shipment 4,574	Value	$868,807,734.36	$1,468,765,383.31	-40.85%	0.92%	2.24%
	Shipment	1,084	1,952	-44.47%	0.89%	2.02%
Unwrought aluminium HSN Code: 76012000 76011000 76011010 Exporters : Nigeria Exporters 82 Nigeria Exporters Shipment 4,491	Value	$223,325,153.08	$329,503,959.25	-32.22%	0.24%	0.50%
	Shipment	1,211	1,503	-19.43%	0.99%	1.56%
Plants and parts of plants (including seeds and fruits), Of a kind used primarily in perfumery, In pharmacy or for insecticidal, Fungicidal or similar purpose, Fresh or dried, Whether or not cut, Crushed or powdered HSN Code: 12119099 12119090 12119086 Exporters : Nigeria Exporters 354 Nigeria Exporters Shipment 4,190	Value	$109,004,807.53	$36,009,233.34	202.71%	0.11%	0.06%
	Shipment	1,656	797	107.78%	1.36%	0.83%
Precious stones (other than diamonds) and semi-precious stones, Whether or not worked or graded but not strung, Mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, Temporarily strung for convenience of transport HSN Code: 71031090 71031071 71031039 Exporters : Nigeria Exporters 213 Nigeria Exporters Shipment 4,102	Value	$30,242,368.25	$11,740,984.2	157.58%	0.03%	0.02%
	Shipment	1,855	1,198	54.84%	1.52%	1.24%

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