According to the most recent National Bureau of Statistics foreign trade data, the top ten agricultural products exported from Nigeria are valued at 82.3 billion Naira
The revenue generated by the top ten agricultural products fell by 9 percent in the first quarter of 2019, while agricultural product export revenue fell from 91.2 billion Naira in the previous quarter to N82.3 billion.
Meanwhile, a closer examination of the data reveals that certain items that were not among the top ten exports in the previous quarter made the list because demand for their exports increased in the last quarter.
According to NBS, agricultural products are goods that come from the planting of crops or the rearing of animals.
Top ten Agricultural Product Export in Nigeria
Sesamum seeds, broken or whole
Sesamum seeds have been Nigeria’s top agricultural export earner in recent years. Nigeria earned 39.6 billion Naira from product export in the first quarter of 2019.
The revenue earned in the first quarter of 2019 marks a 17 percent rise in just one quarter. The overall value of income earned from the export of Sesamum seeds in the fourth quarter of 2018 was estimated to be 33.8 billion Naira. This means that revenue increased by 5.7 billion Naira in just one quarter.
Japan, China, Turkey, India, and Vietnam are among the top destinations for the product.
In the first quarter, Japan was the largest destination for the commodity, accounting for N8.15 billion of Nigeria’s export output.
Other major importers of sesamum seeds include China with 7.23 billion Naira, Turkey with 6.72 billion Naira, and India with 6 billion Naira.
Good fermented Nigerian cocoa beans: In the first quarter of 2019, Nigeria’s fermented cocoa beans were the second largest agricultural product export, with 20.1 billion Naira produced.
Despite a decrease in earnings from the export of fragmented cocoa during the quarter, Nigeria made 24.9 billion Naira in the fourth quarter of 2018. This suggests that the product’s export revenue fell by 19 percent.
Germany, the Netherlands, Belgium, Indonesia, and Spain are the major destinations for the product.
Germany was the largest importer, accounting for 5.9 billion dollars, followed by the Netherlands with 5.7 billion Naira, Belgium with 4.23 billion Naira, Indonesia with 1.1 billion Naira, and Spain with 1 billion Naira.
Superior quality raw cocoa beans: This is not the same as fragmented cocoa. It is characterized as raw cocoa, and it is Nigeria’s third-largest agricultural export.
The revenue from raw cocoa bean exports was anticipated to be N9.8 billion. The value recorded in the first quarter of 2019 increased slightly from the 9.6 billion Naira generated in the fourth quarter of 2018.
Indonesia, Belgium, Germany, Malaysia, and Estonia are the major destinations for the product.
Indonesia is the product’s largest market, accounting for 2.9 billion Naira, followed by Belgium with 705.6 million Naira, Germany with 366.7 million Naira, Malaysia with 113.8 million Naira, and Estonia with 83.10 million Naira.
Cashew nuts, in a shell: Cashew nuts are Nigeria’s fourth most important agricultural export crop. The country generated a total of N4.3 billion in the first quarter of 2019. The product remains in the same position it held in the fourth quarter of 2018.
Cashew nut export income fell from 5.8 billion Naira in the fourth quarter of 2018 to 4.3 billion Naira in the first quarter of 2019.
Vietnam, India, the United States, Russia, and the Netherlands are among the most popular destinations.
Vietnam is the largest importer, accounting for 2.8 billion Naira, followed by India with 1.2 billion Naira, the United States with 104 million Naira, Russia with 42 million Naira, and the Netherlands with 33.3 million Naira.
Other frozen shrimps: Frozen shrimps rose two steps up to become Nigeria’s fifth largest export product in the last quarter. The income earned from the export of frozen shrimps was anticipated to be N2.40 billion in the first quarter of 2019.
Frozen shrimps were Nigeria’s seventh largest agricultural export in the fourth quarter of 2018.
The Netherlands, Belgium, France, Vietnam, and the United States are the top destinations for the product.
The Netherlands has the largest market with 1.18 billion Naira, followed by Belgium with 385.9 million Naira, France with 279.3 million Naira, Vietnam with 239 million Naira, and the United States with 239 million Naira.
Other quality raw cocoa beans: Revenue from the export of other raw cocoa beans was anticipated to be 1.39 billion Naira in the first quarter of 2019. The product is Nigeria’s sixth most important agricultural export product.
Revenue from product exports fell dramatically from N5.4 billion in Q4 2018 to 1.39 billion Naira in the first quarter of 2019.
Ginger: After failing to make the list of Nigeria’s top agricultural export items in the fourth quarter of 2018, Nigeria’s export market for ginger reopened in the first quarter of 2019. Meanwhile, it ranks seventh among Nigeria’s agricultural export items in the first quarter of 2019, producing 1.35 billion Naira.
Natural Cocoa Butter: Natural cocoa butter is Nigeria’s eighth most important agricultural export product. The product brought in 1.22 billion Naira for the country.
Cashew nuts shelled: Cashew nut export is Nigeria’s ninth largest agricultural commodity export, accounting for 1.21 billion Naira in export earnings. Revenue fell from 1.67 billion Naira in the previous quarter to 1.67 billion Naira in the current quarter.
Agro-food items: Agro-food items round out the top 10 agricultural products exported by Nigeria. In Q1 2019, the product export increased to make the top ten list, generating 922.6 million Naira.