Non-oil products export value hits $1.791bn in Q1 2025 – NEPC
Agency Report
The Nigerian Export Promotion Council (NEPC) has put the value of Nigeria’s non-oil products exported in the first quarter of 2025 at $1.791 billion.
NEPC Executive Director/CEO, Nonye Ayeni in a press statement said the figure represents a 24.75% increase over the $1.436 billion reported in the first quarter of 2024.
She said the volume also increased to 2.416 million metric tonnes which is an increase of 243.44% from 1.937 million Metric Tons recorded in first quarter 2024.
According to her, in the First Quarter of the year 2025, a total of Hundred and Ninety-Seven (197) distinct products were exported.
Ayeni said this figure reflects an increase when compared to the Hundred and Sixty-Two (162) products recorded in the first quarter of 2024.
“These products ranged from manufactured and semi-processed goods, to industrial extracts, and agricultural commodities, amongst others.
“Based on information received from Pre-shipment Inspection Agents (PIAs), of the top-20 products exported in the first quarter of 2025, Cocoa and its derivatives including cocoa butter, cocoa liquor, cocoa cake came first, followed by Urea, Cashew Nut, Sesame Seed, Gold Dore, Cocoa Butter, Aluminium Ingots, Copper Ingot, Soya Beans/meal, Rubber were the top of the list.
“The top commodity in terms of total non-oil export, accounting for 45.02% was Cocoa Beans. Urea/Fertilizer held the second position at 19.32% while Cashew Nuts came third with 5.81% of the total exported products,” she said.
On performing exporting companies, she said Top Twenty (20) leading export companies; Indorama Eleme Fertilizer and Chemical Limited and Starlink Global & Ideal Limited maintained their position as the first and second with 12.07% and 10.00%, respectively.
She said this is attributed to their notable export values of fertilizer and Cocoa products.
“The top ten member countries of ECOWAS actively engaged in importing Nigerian products throughout the First Quarter of the year 2025.
“These exports, totaling 362,126.92 Metric Tons and amounting to $ 63.060 million, constituted 3.52% of the total export value and also a significant increase of 223.10% when compared to the recorded figure of $ 19.517 million for the First Quarter of the year 2024.
“Nigeria also exported to other African countries in the first quarter of 2025. The value of these exports, totaling 281,480.29 Metric Tons valued $ 32.732 million, represented 1.83% of the total export value.
“These are evidence to show that the non-oil export is increasing and all stakeholders are taking advantage of the potentials and opportunities inherent in the sector.
“It also lays credence to the fact that AFCFTA holds the key to Intra African trade as it promises to be the largest free trade area in the world both by area and by the number of countries, connecting the 55 countries in Africa with 1.3million people.
“The Council working with various stakeholders and the Federal Ministry of industry, Trade and Investment, is working very hard to ensure that Nigeria becomes a hub and takes its position as the Giant of Africa,” she said.
