Nigeria exported N269.83 billion worth of agricultural products in 2019 which accounts for 1.41% of the total revenue made from all exports in the year. This indicates a 12% decrease in the revenue made from N302.28 billion in the prior year. Between January and July 2019, Nigeria exported N159. 56 billion worth of agricultural products.

The top 10 agricultural products add up to about 94% of the total traded agricultural products, while the top 20 products contribute almost 97% and the top 30 products account for 98%.

1. Sesamum seeds, whether or not broken: Sesamum seeds has retained its position of being Nigeria’s foremost agricultural exports. The revenue made from the products was at N103.31 billion in 2019 of which between the month of January and March contributes the most as it generated over N39 billion. Sesanum seeds is often referred as the most important agricultural products and that’s because the products constitutes almost 38% of the total revenue made from agricultural products.

2. Good Fermented Nigerian Cocoa Beans: In 2019, Nigeria’s fermented cocoa beans ranks the second highest agricultural product export as it generated the sum of N66.54 billion. The breakdown shows that revenue made from the export of the product during the fourth quarter generated the most with N24.68 billion followed by the first quarter (N20.11 billion), second quarter (N10.94 billion) and the third quarter (N10.81 billion).

3. Cashew nuts, in shell: In 2019, Nigeria made the sum of N26.16 billion from the export of this product as it ranks the third agricultural products with the biggest earnings. The top trading periods on a quarterly basis occurred during Q2 (N18.3 billion), Q1 (N4.3 billion), Q3 (N2 billion), and Q4 (N1.5 billion).
4. Superior quality raw cocoa beans: Superior quality raw cocoa beans rank the fourth agricultural product with the biggest earnings. The N20.31 billion made from its export accounts for 7.5% of the total traded agricultural products. The top trading periods for its export on a quarterly basis occurred as follows: Q1 (N9.8 billion), Q2 (N5.9 billion), Q3 (N2.5 billion), and Q4 (N1.9 billion).

5. Cashew nuts, shelled: Cashew nuts (shelled) occupies the 5th spot in terms of revenue made from the export of agricultural products. With a revenue of N13.07 billion, cashew nuts controls 4.8% of the total revenue made from the export of agricultural products in 2019. The product was exported throughout the four quarters of the year, with the highest recorded in Q2 (N6.9 billion), followed by Q3 (N2.9 billion), Q4 (N2.1 billion) and Q1 with N1.1 billion.

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