Nigeria's cocoa exports to US surge to $142 million in 2025
Nigeria's cocoa exports to the US increased from $21.7 million in 2024 to $142 million in 2025, a 554.4% increase.
In Brief
- •Nigeria's cocoa exports to the US increased from $21.7 million in 2024 to $142 million in 2025, a 554.4% increase.
- •The US accounts for 67% of US agricultural exports to Nigeria, primarily wheat.
- •Nigeria's cocoa industry faces challenges including declining productivity, ageing plantations, and limited youth participation.
- •Efforts are underway to revive the cocoa industry, improve productivity, and expand local processing.
- •The European Investment Bank Group and First City Monument Bank announced €85 million in financing to support Nigeria's agricultural value chains.
Why It Matters
The surge in cocoa exports to the US highlights Nigeria's growing role in the global cocoa market. This development is significant for Nigeria's economy, as cocoa is a key export commodity. The increase in exports demonstrates the potential for Nigeria to become a more competitive player in the cocoa industry. However, the challenges faced by the industry, such as declining productivity and limited youth participation, need to be addressed to sustain this growth. The financing announced by the European Investment Bank Group and First City Monument Bank is a positive step towards supporting the sector's development.
Key Details
- 2024 cocoa exports to US
- $21.7 million
- 2025 cocoa exports to US
- $142 million
- Increase in cocoa exports to US
- 554.4%
- Percentage of US agricultural exports to Nigeria
- 67%
- Financing announced for agricultural value chains
- €85 million
Context & Background
Nigeria's cocoa industry has struggled with declining productivity, ageing plantations, and limited youth participation. The industry faces challenges such as high borrowing costs, inadequate access to fertilisers and pesticides, and limited access to affordable financing. International regulations, including the European Union Deforestation Regulation (EUDR), are also increasing pressure on producers and exporters.
Original Reporting & Sources
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