Cocoa beans exports from Nigeria: data, top buyers and prices
Exports of cocoa beans by Nigeria reached $2.20 billion in 2024 (360.8 thousand tonnes). It ranks 3rd of 137 countries for exports of this product. That is 177% more than in 2023. Over 2017-2024 the trade grew strongly, by about 19% a year on average.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Exports by year, 2017-2024
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Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $2.20B | 360.8K t |
| 2023 | $795.6M | 290.5K t |
| 2022 | $503.5M | 227.1K t |
| 2021 | $781.3M | 303.9K t |
| 2020 | $469.7M | 179.0K t |
| 2019 | $679.4M | 296.7K t |
| 2018 | $572.5M | 263.9K t |
| 2017 | $666.3M | 289.3K t |
Where Nigeria exports cocoa beans to
Most of it went to Netherlands (35%), Malaysia (29%), Belgium (7%). Among the main buyer markets, Ghana grew fastest, more than tenfold on the year before.
| Destination | Value | Share |
|---|---|---|
| Netherlands | $771.8M | 35% |
| Malaysia | $641.2M | 29% |
| Belgium | $153.5M | 7% |
| Singapore | $91.6M | 4.2% |
| Indonesia | $86.2M | 3.9% |
| Germany | $78.4M | 3.6% |
| Spain | $70.9M | 3.2% |
| Canada | $67.4M | 3.1% |
| Ghana | $43.9M | 2% |
| Italy | $39.1M | 1.8% |
Average export price per kg
The average declared value was about $6.10 per kg, close to the world average of $5.74.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Cocoa beans imports to Nigeria
In 2024, Nigeria imported cocoa beans worth $509 thousand (126 tonnes). Ghana alone supplied 84% of it.
| Supplier country | Value | Share |
|---|---|---|
| Ghana | $430K | 85% |
| China | $71K | 14% |
| Netherlands | $8K | 1.6% |
| Slovenia | $0K | 0% |
| South Africa | $0K | 0% |
| United States | $0K | 0% |
| Belgium | $0K | 0% |
Who is behind these numbers in Nigeria?
The shipment records behind Nigeria cocoa beans exports (HS 1801): companies, dates, quantities and declared values.
Shipment records are in the platform
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Direct customs feed: shipment-level records from the official customs source.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 1801: Cocoa beans; whole or broken, raw or roasted.
Common questions
What is the value of cocoa beans exported by Nigeria?
Nigeria exported cocoa beans worth $2.20 billion in 2024, the latest year with complete public data, about 360.8 thousand tonnes. That ranks it 3rd of 137 countries worldwide, with 12% of world exports. The value was up 177% on 2023.
Which countries buy cocoa beans from Nigeria?
The Netherlands was the largest buyer with 35% of the value ($771.8 million), followed by Malaysia (29%) and Belgium (7%). The top three together account for 71%, out of 37 buyer countries in total. Belgium grew fastest among the top ten, up 908% on the year.
What is the average export price of cocoa beans per kg?
The average declared export value was about $6.10 per kg in 2024, 6% above the world average of $5.74 per kg. Declared value divided by weight mixes every grade, so read it as a benchmark rather than a quote.
How have exports of cocoa beans from Nigeria changed since 2017?
Exports went from $666.3 million in 2017 to $2.20 billion in 2024, an increase of 230%. 2024 was the highest year in the period. Over 8 years the average was $833.7 million a year.
Does Nigeria also import cocoa beans?
Yes. Nigeria imported $509 thousand worth of this product in 2024, mainly from Ghana, China and the Netherlands. On balance Nigeria is a net exporter of this product, by about $2.20 billion a year.
What is the HS code for cocoa beans?
The HS code for cocoa beans is heading 1801. In Nigeria all of this trade was declared under the six-digit code 1801.00. It sits in HS chapter 18 (cocoa and cocoa preparations). The full list of codes and descriptions is on the HS 1801 page.
How can I find the companies behind this trade?
EximDataX has a direct customs feed for Nigeria, so the importers and exporters behind these totals are visible by name, shipment by shipment. Ask for a live look at your product.
Same product, other countries
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