Nigeria | Imports and Exports | World | Palm oil | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" from Nigeria totalled $ 395 thousand in 2023. Sales of commodity group 1511 from Nigeria decreased by 4.51% in value terms compared to 2022. exports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" decreased by $ 18.7 thousand (cumulative exports of commodity group 1511 from Nigeria amounted $414 thousand in 2022)
Exports of commodity group 1511 amounted to 1.86% of total sales of group "" from Nigeria in 2023 (the value of exports of commodity group from Nigeria amounted to $21 million in 2023). The share of exports of commodity group 1511 in sales of commodity group from Nigeria lowered by 0.237 p.p. compared to 2022 (it was 2.09% in 2022, and exports of commodity group from Nigeria were $19.7 million).
Where does Nigeria export Palm oil and its fractions, whether or not refined, but not chemically modified?
Top export destinations of "Palm oil and its fractions, whether or not refined, but not chemically modified" from Nigeria in 2023:
- Ghana with a share of 56% (223 thousand US$)
- Niger with a share of 22% (90 thousand US$)
- United Kingdom with a share of 9.72% (38 thousand US$)
- USA with a share of 8.81% (34 thousand US$)
- Canada with a share of 1.04% (4.13 thousand US$)
- China - 3.34 thousand US$
Exports structure of 1511 - Palm oil and its fractions, whether or not refined, but not chemically modified - from Nigeria in 2023 represented by the following main commodity groups:
- 87% (346 thousand US$): 151190 - Palm oil, other than crude, & fractions thereof , whether or not ref. but not chemically modified
- 12.3% (48 thousand US$): 151110 - Palm oil, crude
The value of imports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" to Nigeria totalled $ 183 million in 2023. Sales of commodity group 1511 to Nigeria decreased by 38% in value terms compared to 2022. imports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" decreased by $ 117 million (the value of imports of commodity group 1511 to Nigeria was equal to $300 million in 2022)
Imports of commodity group 1511 "Palm oil and its fractions, whether or not refined, but not chemically modified" accounted for 0.282% of total import flow to Nigeria (in 2023, total imports to Nigeria amounted to $ 65 billion). The share of commodity group 1511 in total imports to Nigeria decreased by 0.213 p.p. compared to 2022 (it was 0.496% in 2022 and cumulative imports to Nigeria were equal to $ 60 billion).
Imports of commodity group 1511 reached 47% of total imports of group "" to Nigeria in 2023 (imports of commodity group to Nigeria totalled $388 million in 2023). The share of purchases of commodity group 1511 in imports of commodity group to Nigeria went down by 29 p.p. compared to 2022 (it was 76% in 2022, and imports of commodity group to Nigeria accounted for $391 million).
Where does Nigeria import Palm oil and its fractions, whether or not refined, but not chemically modified from?
Top trading partners (import of "Palm oil and its fractions, whether or not refined, but not chemically modified") of Nigeria in 2023:
- Malaysia with a share of 90% (166 million US$)
- Côte d`Ivoire with a share of 8.66% (15.9 million US$)
- Indonesia - 482 thousand US$
- Ghana - 143 thousand US$
- China - 95 thousand US$
- Cameroon - 64 thousand US$
- Singapore - 33 thousand US$
- Sweden - 22 US$
- USA - 4.14 US$
Imports structure of 1511 - Palm oil and its fractions, whether or not refined, but not chemically modified - to Nigeria in 2023 represented by the following main commodity groups:
- 67% (124 million US$): 151190 - Palm oil, other than crude, & fractions thereof , whether or not ref. but not chemically modified
- 32% (59 million US$): 151110 - Palm oil, crude
