Soya Exports Crash 83.5% as Pakistan Walks Away — $394 Million Wiped Out

Soya Exports Crash 83.5% as Pakistan Walks Away — $394 Million Wiped Out
KEY FIGURE: $472M → $78M

Nigeria’s soya bean export revenue collapsed by 83.5% in a single year — from $471.8 million in 2024 to just $77.6 million in 2025 — after Pakistan, which alone purchased $286.9 million (60.8%) of Nigeria’s 2024 soya exports, withdrew almost entirely from the market in 2025.

This is the textbook case of buyer concentration risk: one country’s domestic policy shift erased $394 million in Nigerian export earnings overnight, with no warning and no buffer.

Dozens of soya exporters who scaled up during the 2023-24 boom have now been forced to exit the NXP system entirely, unable to find replacement buyers fast enough to cover fixed costs and loan obligations. No alternative market — not the US, India, or Canada — has come close to absorbing the lost volume.

Solution: Nigerian exporters must adopt a strict 30% maximum single-buyer rule; banks must require buyer diversification as a condition for pre-export credit; and NEPC needs a real-time buyer concentration monitoring system that flags any commodity where one country exceeds 40% of export share — before the next collapse happens.

#SoyaExports #NigeriaAgriculture #ExportRisk #BuyerConcentration #PakistanTrade #NEXIM #AgriBusiness #NigerianExporters #TradeDiversification #NXPData