Agricultural Export Products In Nigeria 2026 Market Overview & Trends

Nigeria's export value peaked in 2023 at $575.9 million before declining to $398.1 million in 2024. Despite the recent dip, the overall trend since 2020 shows significant growth. The 2024 figures represent a substantial increase from the 2020 baseline of $166.2 million, indicating long-term expansion in trade capacity and export volume over the five-year period.

Vietnam is the primary destination for exports in 2024, with a value of $177.1 million. India follows closely as a major partner at $82.8 million. Together, these two markets represent the bulk of demand, while Mexico and the United States maintain smaller but notable shares of the import market, highlighting a strong Asian trade focus.

France emerges as a high-growth destination with a 22.8% increase in import value. While the Netherlands and Mexico provide higher total volume, their growth rates are marginal at 1.1% and 0.05% respectively. This identifies France as a key strategic target for market diversification and aggressive export expansion efforts compared to more stagnant traditional markets.

Raw cashew nuts are the leading export product, valued at $277.9 million in 2024. Dried flowers also represent a significant segment at $89.3 million. The data shows a heavy reliance on these top two commodities, with leguminous vegetables and spices like ginger contributing smaller, yet diverse, revenue streams to the total agricultural export mix.