Nigeria’s earnings from the export of raw materials rose to $1.24 billion in 2025, representing a 41 percent increase from the $880 million recorded in 2024, the National Bureau of Statistics has reported.
The data forms part of the NBS “Foreign Trade in Goods Statistics” for 2025. The bureau said the increase occurred despite ongoing government efforts to encourage local processing of agricultural and mineral resources to grow domestic value addition.
The NBS report showed Nigeria exported raw materials worth $1.24 billion in 2025, up from $880 million in 2024. This represents a year-on-year increase of 41 percent, according to the statistics agency.
Raw materials exported included sesame seeds, cashew nuts, cocoa beans, shea nuts, rubber, cotton, ginger, and other agricultural commodities. The report said these products accounted for the bulk of the raw material export earnings.
The export data also covered mineral resources such as laterite ore, bitumen, and other unprocessed solid minerals. These minerals contributed to the total value of raw materials exported in 2025.
In contrast, export earnings from processed goods stood at $2.33 billion in 2025, down from $2.46 billion in 2024, according to the NBS statistics.
The bureau said this represents a decrease of approximately 5.3 percent in processed goods export earnings.
The raw materials export value was higher than that of oil exports excluding crude, which were valued at $1.17 billion in 2025. Crude oil export earnings stood at $42.49 billion in 2025, compared with $34.06 billion in 2024.
The combined total value for crude and non-oil exports was reported as $44.66 billion in 2025.
The report said non-oil exports (including raw materials and processed goods) were valued at $4.77 billion in 2025, up from $3.94 billion in 2024, representing a 21 percent increase.
