Home » News: South Africa, Ivory Coast, Senegal, Benin, and Togo makes Nigeria’s Major African Top 5 Export Markets

News: South Africa, Ivory Coast, Senegal, Benin, and Togo makes Nigeria’s Major African Top 5 Export Markets

by Atqnews
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Export Markets

As a leading economic powerhouse in Africa, Nigeria significantly influences regional trade dynamics.

According to africa.businessinsider.com, given its abundance of resources, the nation is tasked with the responsibility of leading the way in African economic growth.

The West African giant typically promotes its market to other African countries in need of its products, particularly Sub-Saharan African countries.

According to a report by Nigeria’s National Bureau of Statistics, in Q1 2024, the top commodities Nigeria exported to other African countries were petroleum oils and bituminous mineral oils worth N2,028.20 billion (90.67% of total exports), electrical energy (N58.65 billion or 2.62%), urea (N30.42 billion or 1.36%), cement clinkers (N12.04 billion or 0.54%), and soya bean flours and meals (N9.41 billion or 0.42%).

The top five goods made up 95.61% of all exports to Africa. With that said here are the top 5 markets Nigeria exported the most products to.

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