Foreign trade reports from the National Bureau of Statistics (NBS) indicate that Nigeria exported agricultural goods worth N1.23 trillion in 2023.
This figure represents an increase of 53% from the N583.3 billion recorded in 2022. The surge is likely due to the significant naira devaluation in 2023, which increased the value of the total exports in naira terms.
Nigeria’s agricultural sector has experienced a substantial increase in the export values of its top commodities.
Among the commodities, the niche market of other cut flowers & flower buds for ornamental purposes also blossomed, with exports valued at N86.63 billion, up from N15.05 billion, indicating a growing diversification in Nigeria’s agricultural export base.
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