The following export product groups represent the highest dollar value in Nigerian global shipments during 2015. Also shown is the percentage share each export category represents in terms of Nigeria’s overall exports.
- Mineral fuels including oil: US$50.8 billion (94.5% of total exports)
- Cocoa: $539.5 million (1%)
- Wood: $400.3 million (0.74%)
- Oil seeds: $356.1 million (0.66%)
- Raw hides, skins not furskins, leather: $239.6 million (0.45%)
- Aircraft, spacecraft: $148 million (0.28%)
- Aluminum: $145.5 million (0.27%)
- Copper: $142.1 million (0.26%)
- Ores, slag, ash: $139.5 million (0.26%)
- Fish: $82.5 million (0.15%)
Among the top 10 Nigerian exports above, wood showed the greatest increase since 2011 via its 511.7% gain. Copper gained 228.2%, while aircraft and spacecraft exported from Nigeria appreciated by 128.3%.
The majority of export categories didn’t fare as well. Nigeria’s sales of exported raw hides and leather fell by -69.3% over the 5-year period while Nigeria’s largest export category, mineral fuels including oil, depreciated by -54.6%. Cocoa and fish exported from Nigeria also declined in value by -52.3% and -20.7% respectively.
Dapo Apara 