The top 3 countries accounted for nearly half of the US' agricultural exports in 2024, valued at $83.35 billion

Key takeaways:

  • Mexico ranked as the leading destination for the US' agricultural exports in 2024, with a total value of $30.32 billion (17.2% of total agricultural exports).
  • North American neighbours, Mexico and Canada, collectively accounted for 33.3% of total US agricultural exports.
  • China was the third-largest market, importing $24.65 billion (14%) of the US' agricultural products.
  • Asian markets, including China, Japan, South Korea, Taiwan, the Philippines, and Vietnam, collectively absorbed 31.7% of the US' agricultural exports.
  • The top three markets (Mexico, Canada, and China) made up 47.3% of the US' total agricultural export value.
  • The top 10 markets accounted for 74.8% of the US' agricultural exports, totalling $131.85 billion.

In 2024, the United States exported approximately $176 billion in agricultural goods worldwide. Mexico, Canada, and China emerged as the top markets, collectively accounting for nearly half (47.3%) of total exports. Mexico led the list at $30.32 billion, followed by Canada at $28.38 billion and China at $24.65 billion.

The European Union and Japan completed the top five, importing $12.8 billion (7.3%) and $11.98 billion (6.8%), respectively. Asian markets featured prominently, with six countries among the top 10 destinations collectively receiving nearly one-third of all US agricultural exports.

Source:

United States Department of Agriculture

Period:

2024
HTML code to embed chart
Want a bespoke report?
Reach out
Tags
Related Insights

The U.S. consistently leads Nigeria’s imports from the Americas, accounting for 57–73% in 13 years
  • The U.S. consistently leads Nigeria’s imports from the Americas, accounting for 57–73% between 2013 and 2025.
  • Brazil ranks second, with shares ranging between 11% and 24%, highlighting its steady trade ties with Nigeria.
  • During the period, the combined share of the U.S. and Brazil never fell below 76%, even at its lowest point in 2022.
  • Total imports from the Americas surged from ₦0.9 trillion in 2013 to a peak of ₦6.3 trillion in 2024.
  • Canada’s import share peaked at 16.4% in 2022, showing a rare moment of diversification.

Nigeria's H1 trade: Imports from ECOWAS countries rose from 12% in H1 2021 to a peak of nearly 40% in H1 2024
  • Imports from ECOWAS countries peaked at 39.9% in H1 2024, up from just 12.0% in H1 2021.
  • The share declined to 32.4% in H1 2025, showing a reversal after the 2024 peak.
  • Total import values grew sharply, from ₦209.6B in H1 2020 to ₦1.8T in H1 2025.
  • In H1 2019, ECOWAS already had a decent share of 19.6%, showing long-standing but fluctuating trade ties.

The ECOWAS share of Nigerian exports to African countries nearly doubled, from 34.2% to 62.1%
  • ECOWAS’ share of Nigerian exports rose from 34.2% in H1 2019 to 62.1% in H1 2025.
  • The most significant share came in H1 2022, when ECOWAS accounted for 75.8% of exports.
  • Exports to other African countries dropped significantly in 2022, to just 24.2%.
  • Nigeria’s total exports to Africa grew from ₦0.9T in H1 2022 to ₦4.8T in H1 2025.
  • ECOWAS consistently maintained a majority share from H1 2022 onwards, with a share above 60%.

Nigeria’s exports remain oil-dominated, but non-oil exports are steadily rising—reaching up to 18% in early 2025
  • Oil exports continued to dominate, averaging over 88% of total exports in 2024 and remaining above 81% in the first half of 2025.
  • Non-oil exports rose gradually, from a low of 6.9% (February 2024) to a high of 18.1% (January 2025).
  • Peaks in non-oil export contributions occurred in July 2024 (16.4%) and January–April 2025 (13–18%), indicating progress toward diversification.
  • Total exports remained heavily oil-driven, though sustained double-digit non-oil shares in late 2024 and early 2025 show a slow shift.

After a decline from 13.1% in 2019, the non-oil export share grew by 5.6 percentage points, from 8.7% (2023) to 14.3% (2025)
  • Non-oil exports rose to 14.3% of total exports in 2025, up from 8.7% in 2023.
  • Oil exports still represent 85.7% of total exports in 2025.
  • The non-oil share reached 13.1% in 2019 before dipping and rebounding by 2025.
  • Nigeria’s total exports expanded from ₦9.6 trillion in 2015 to ₦43.3 trillion in H1 2025, showing strong value growth.
  • The lowest non-oil share in the decade occurred in 2016 (4%), reflecting heavy oil dependence.

China dominates Nigeria’s imports while Spain leads as top export destination in Q2 2025
  • China remains Nigeria’s largest import partner, accounting for ₦4.96T or 32.45% of total imports—more than double the U.S.'s share.
  • The United States holds second place in imports, contributing ₦2.16T (14.12%), while India, the Netherlands, and the UAE follow with smaller shares below 6%.
  • Spain tops Nigeria’s export market, receiving ₦2.47T worth of goods, representing 10.85% of total exports.
  • Europe features strongly among export partners, with Spain, France, and the Netherlands together absorbing nearly a quarter of Nigeria’s outbound trade.

POPULAR TOPICS
SIGN UP TO OUR NEWSLETTER
Get periodic updates about the African startup space, access to our reports, among others.
Subscribe Here
Subscription Form

A product of Techpoint Africa. All rights reserved