Nigeria’s non-oil exports rise to N12.36trn in 2025 — NBS

Nigeria’s non-oil exports recorded a significant increase in 2025, reaching N12.36 trillion between January and December, according to the latest Foreign Trade in Goods Statistics released by the National Bureau of Statistics (NBS). The figure represents a sharp rise from the N9.09 trillion recorded in 2024, reflecting stronger export performance outside the crude oil sector […]

Nigeria’s non-oil exports recorded a significant increase in 2025, reaching N12.36 trillion between January and December, according to the latest Foreign Trade in Goods Statistics released by the National Bureau of Statistics (NBS).

The figure represents a sharp rise from the N9.09 trillion recorded in 2024, reflecting stronger export performance outside the crude oil sector and highlighting ongoing efforts to diversify the country’s export base.

The data indicates continued progress in Nigeria’s push to expand exports across agriculture, manufacturing and solid minerals as policymakers seek to reduce dependence on crude oil revenues.

According to the NBS, Nigeria’s non-oil exports have experienced fluctuations in recent years before rebounding strongly.

Non-oil exports stood at N3.14 trillion in 2022 before declining to N2.56 trillion in 2023. The sector later recovered significantly in 2024 with exports rising to N9.09 trillion.

In 2025, the value increased further to N12.36 trillion, indicating a strong recovery and sustained growth in export sectors outside petroleum.

A breakdown of the 2025 data shows consistent export activity throughout the year, with several months recording export values above the N1 trillion mark.

In January, non-oil exports stood at N1.23 trillion before declining slightly to N964.73 billion in February and N975.45 billion in March.

 

Exports rose again in April to N1.22 trillion but moderated to N903.02 billion in May and N923.13 billion in June.

 

July recorded another strong performance with exports reaching N1.23 trillion, while August and September stood at N875.62 billion and N894.18 billion respectively.

 

In the final quarter of the year, exports climbed to N965.60 billion in October, N1.07 trillion in November and N1.11 trillion in December.

 

The monthly figures suggest steady export activity across the year, with strong contributions from multiple sectors.

 

The breakdown of export categories shows that mineral products accounted for the largest share of non-oil export earnings during the year.

 

Other sectors also recorded strong contributions to Nigeria’s export revenue.

 

Prepared foodstuffs, beverages, spirits, vinegar and tobacco generated N3.88 trillion in export value, while products from the chemical and allied industries accounted for N3.37 trillion.

 

Vegetable products contributed N1.54 trillion, while exports of live animals and animal products stood at N103.4 billion.

 

Vehicles, aircraft and related parts recorded exports worth N1.10 trillion, while base metals and articles of base metals generated N646.16 billion.

 

Exports of articles of stone, plaster, cement, asbestos, mica and ceramic products reached N369.58 billion, while plastics, rubber and related products accounted for N244.17 billion.

 

Machinery under boilers, machinery and chemical appliances and their parts also contributed N207.48 billion to export earnings.

 

Other smaller export categories included raw hides, skins and leather products valued at N48.39 billion, footwear and headgear at N27.34 billion, paper and paperboard products at N19.60 billion, and textiles and textile articles at N16.55 billion.

 

Miscellaneous manufactured articles generated N22.85 billion, while exports of optical, photographic and measuring instruments stood at N6.69 billion.

 

Pearls and precious or semi-precious stones recorded N511.8 million in exports, while wood and wood products accounted for N636.99 million.