The breakdown of the export earnings from various Agro Commodities in Q1 & Q2 2017 are as follows:

(i) Sesame seeds’ export of N3.7 billion to Turkey; N1.6 billion to China; and N1.6 billion to India.

(ii) Soya beans export of N3.4 billion to Russia; and N1.2 billion to Greece.

(iii) Frozen shrimp export of N2.2billions to the Netherlands.

(iv) Cashew nuts export of N1.8billion to Vietnam.

(v) Crude palm kernel oil export of N1.2 billion to the Netherlands.

The total value agricultural goods’ trade in Q2 2017 was N261.92 billion representing 4.60% of total trade in Q2 (1.03% lower than N30.02 billion in Q1)

(Vii) Agriculture exports was 0.96% of total exports in Q2 2017

(Viii) Destination of Agriculture exports in Q2 2017 were;

Asia (66.38%)

Europe (24.98%)

Americas 4.37%

Africa 3.88%; and

The Oceanic 0.39%.

(ix) Agriculture exports in Q2 were driven by the export of Cashew nuts worth N13.5billion or 45.4% of the total agriculture exports and 1.37% of total exports.

(x) Cashew nuts export to ;

Vietnam was N12.16 billion

N1.4billion to India and

N6.34 million to Kazakhstan.

(xi) Sesame seed exports in Q2 was N7.0 billion or 23.6% of total agriculture exports.

Sesame seeds export to Japan was N1.3 billion;

India N0.9 billion;

Turkey N0.9 billion;

South Korea N0.8billion; and

China N0.6 billion.

xii. Frozen shrimps and prawns’ export was N1.6billion or 9.6% of total agriculture exports:

Netherlands N1.5 billion

Belgium N0.67 billion

United States N0.22 billion

France N0.17 billion and

Spain N87 million.

xiii. Exports of soya bean flour and meals were N2.3 billion (7.8% of agricultural exports):

N2.1 billion to Spain;

N116.6 million to Ghana;

N72.9 million to Senegal;

N18.1million to Mauritania; and

N2.0million to Germany.

Other agricultural exports:

Ginger; N663.7 million

Flowers; N568.5 million

Peanut kernels and groundnuts N481.3 million;

Milk and cream powder N282.4 million.

Source;Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office of the Vice President
28 September 2017

As Presented by The Honourable Minister of Agriculture and Rural Development; Chief Audu Ogbeh during the composition of committee to drive Export Promotion at NEC Meeting, September, 28th 2017.

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