Nigeria’s agricultural export sector experienced a significant contraction in the first quarter of 2026, with total export earnings falling by 31.20% compared to the corresponding quarter of 2025.
The total value of agricultural goods traded stood at N2 trillion, with exports accounting for N1.17 trillion. This represents a decrease from N1.7 trillion recorded in Q1 2025 and an 11.39% drop from N1.32 trillion in Q4 2025.
Geographically, Asia emerged as the primary market for Nigeria’s agricultural products, importing goods worth N529.45 billion. Europe followed closely, with imports valued at N500.34 billion.
The export basket remains concentrated, with a few traditional cash crops dominating shipments. The National Bureau of Statistics (NBS) released these figures on Monday, June 8.
Top 10 Exported Agricultural Products in Q1 2026
10. Crude Shea (Karite) Oil
Export Value: N9.14 billion
Share of Total Agriculture Exports: 0.78%
Crude shea oil continues to be in demand globally for cosmetics and personal care products, offering potential for Nigeria's agro-processing sector.
9. Other Cut Flowers & Flower Buds (Fresh/Dried)
Export Value: N12.23 billion
Share of Total Agriculture Exports: 1.04%
Horticultural exports, though niche, indicate growing international interest in Nigerian floriculture products and suggest diversification within the export basket.
8. Other Frozen Shrimps and Prawns
Export Value: N14.30 billion
Share of Total Agriculture Exports: 1.22%
Marine exports, particularly frozen shrimps and prawns, contribute to foreign exchange earnings due to their premium value in international markets.
7. Cashew Nuts Shelled
Export Value: N16.69 billion
Share of Total Agriculture Exports: 1.42%
Shelled cashew nuts represent a higher-value processed product, showing gradual progress in Nigeria's local processing capabilities, despite challenges.
6. Natural Cocoa Butter
Export Value: N41.69 billion
Share of Total Agriculture Exports: 3.56%
The export of natural cocoa butter signifies a move towards value addition in the cocoa industry, transforming raw beans into higher-value extracts for global confectionery and cosmetics.
5. Flours and Meals of Soya Beans
Export Value: N47.16 billion
Share of Total Agriculture Exports: 4.02%
Agro-processed soya derivatives highlight the potential for value addition within the oilseed segment, serving as a crucial processing bridge.
