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Exports

Nigeria's Non-Oil Exports Surge in 2025, Valued at US$3.225 Billion

Strategic Insights

— 2 min read

The Nigerian Export Promotion Council (NEPC) has disclosed that non-oil products exported in the first half of 2025 were valued at US$3.225 billion, representing a 19.59% increase compared to the US$2.696 billion recorded in the first half of 2024. This growth is attributed to several factors, including a significant rise in global demand for Nigerian products, an increase in the value of key commodities such as cocoa, sesame, cashew, and aluminium, and wider market access under the African Continental Free Trade Area (AfCFTA). The NEPC has implemented various export intervention programmes to enhance competitiveness and boost export earnings.

Key Takeaways:

  • The value of non-oil exports in the first half of 2025 increased by 19.59% to US$3.225 billion compared to the same period in 2024.
  • The volume of non-oil exports also increased to 4.04 million metric tonnes in the first half of 2025, compared to 3.83 million metric tonnes in the same period of 2024.
  • The top 20 products exported in the first half of 2025 included cocoa beans, urea/fertilizer, cashew nuts, and sesame seeds, with cocoa beans accounting for 34.88% of total export value.
  • The value of cocoa and its derivatives topped Nigeria's non-oil exports in the first half of 2025, accounting for 41.11% of total export value due to rising global demand, higher prices, and increased local processing capacity.
  • The top-performing exporting companies in the period under review were Indorama Eleme Fertilizer and Chemical Limited, Starlink Global and Ideal Limited, and Dangote Fertilizer Limited, attributed to their noted export values in fertilizer and cocoa products.
  • Nigeria's non-oil exports are gradually diversifying from traditional agricultural exports to semi-processed and manufactured products.

Statistics:

  • US$3.225 billion: Value of non-oil exports in the first half of 2025.
  • 19.59%: Increase in value of non-oil exports in the first half of 2025 compared to the same period in 2024.
  • 4.04 million metric tonnes: Volume of non-oil exports in the first half of 2025.
  • 34.88%: Percentage of total export value accounted for by cocoa beans in the first half of 2025.
  • 41.11%: Percentage of total export value accounted for by cocoa and its derivatives in the first half of 2025.

Sources:

  • Nonye Ayeni, Executive Director, Nigerian Export Promotion Council (NEPC) (Source: Interview with Nonye Ayeni at a press conference in Abuja)
  • Pre-shipment Inspection Agents (PIAs) (Source: Data on top 20 products exported in the first half of 2025)

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