Nigeria''s Top Exports 2024
The following export product groups represent the highest dollar value in Nigerian global shipments during 2024. Also shown is the percentage share each export category represents in terms of overall
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20 U.S. Energy Information Administration, International Energy Statistics database, accessed July 15, 2025. Global Trade Tracker database, accessed July 21, 2025. Erik Kreil, et al. “In February and March, the United States was a net exporter of crude oil to Nigeria,” Today in Energy, U.S. Energy Information Administration, July 22, 2025.
At the more granular four-digit HTS code level, Nigeria's most valuable exported product was crude oil (70.5% of the Nigerian total).
Nigeria uses all its production to satisfy its domestic needs (Figure 5).12 Nigeria mostly relies on fossil fuels, primarily natural gas, for power generation, but the country also employs some hydropower to meet its electricity needs. In 2023, Nigeria had a total electricity capacity of 14.1 gigawatts (GW), up from 10.6 GW in 2014.
Nigeria mostly relies on fossil fuels, primarily natural gas, for power generation, but the country also employs some hydropower to meet its electricity needs. In 2023, Nigeria had a total electricity capacity of 14.1 gigawatts (GW), up from 10.6 GW in 2014. Nigeria generated about 42.5 gigawatthours (GWh) in 2023 (Figure 6 and Figure 7).13
The following export product groups represent the highest dollar value in Nigerian global shipments during 2024. Also shown is the percentage share each export category represents in terms of overall
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