Top 5 Agricultural Export Products In Nigeria

Top 5 Agricultural Export Products In Nigeria

 

NPIC.gov.ng compiled a list of more than the top 5 agricultural export products in Nigeria which is determined by the estimated revenue generated by the products which have earned Nigeria about 289.3 billion naira in the span of 12 months (April 2019 – March 2020). This data was collected by the National Bureau of Statistics.
Below is the list of the top 5 agricultural export products in Nigeria:

  1. Sesame Seeds

    Sesame seeds was reported to have made over N39.6 billion in the first quarter of 2019 which leaves as
    the biggest Agricultural export product in Nigeria. It was reported that there was a 17% increase in income in just Q1 2019. While at the end of QR a total of N33.8 billion in income was realized from the export of Sesame seeds. Meaning that in just one quarter there was a N5.7 billion increase in income.
    Companies like Zaph & Zoe Export company, an agricultural export company in Nigeria have made it very
    possible for foreign customers gets access to quality sesame seeds from the farm directly, hereby
    ensuring its quality and a maintaining a monthly export capacity of 35 containers of 20ft containers
    containing over 50kg bags of sesame seeds.

  2. Fermented Cocoa Beans

    This is the second-largest agricultural export product in Nigeria which has generated over N20.1 billion
    in Q1 2019. Although the product made a declination in export revenue at the end of Q4 2019 which
    leaves it at N24.9 billion, which means there was a reduction by 19% for the agricultural produce.

  3. Ginger

    Ginger is ranked amongst the top 5 agricultural export products in Nigeria with a growing demand both in
    and outside the shores of Nigeria. It has generated the sum of over N1.35 billion in export revenue in
    Q1 2019.

  4. Cashew Nuts

    Cashew Nuts made over N4.3 billion in the first quarter of 2019 which makes it amongst the top 5 agricultural export products in Nigeria. Export revenue made from cashew nuts was estimated at N5.8 billion at the end of
    QR 2019.
    The top biggest destinations for the export of this agricultural produce as a result of growing demand
    includes Vietnam, India, the USA, Russia, and the Netherlands. Vietnam is the largest importer with the sum
    of 2.8 billion, India (1.2 billion), USA (104 million), Russia (N42 million), and the Netherlands with N33.3
    million respectively.

  5. Dried Pepper

    This made the list as one of the top 5 agricultural export products in Nigeria and has had an impressive
    run. This produce has amounted to an export revenue of up to $22 million in the year 2020.

There are lots of agricultural products that can easily make the list of top 5 agricultural export products in
Nigeria which is due to the natural abundance of agricultural produce in the country. Several agricultural
companies like Zaph & Zoe Export Company have proved to be the go-to company for a lot of agricultural
produce in Nigeria and have never failed to deliver in that regard.

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