Crude Petroleum in Nigeria | The Observatory of Economic Complexity

About

Exports In 2022, Nigeria exported $52.1B in Crude Petroleum, making it the 9th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Nigeria. The main destination of Crude Petroleum exports from Nigeria are: India ($7.35B), Spain ($6.72B), France ($4.18B), United States ($4.02B), and Netherlands ($3.8B).

The fastest growing export markets for Crude Petroleum of Nigeria between 2021 and 2022 were Indonesia ($1.73B), Netherlands ($1.67B), and France ($1.63B).

Imports In 2022, Nigeria imported $412 in Crude Petroleum, becoming the 152nd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1173rd most imported product in Nigeria. Nigeria imports Crude Petroleum primarily from: Slovenia ($412).

The fastest growing import markets in Crude Petroleum for Nigeria between 2021 and 2022 were Slovenia ($412).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Crude Petroleum from Nigeria to the United States.

Feb 2024

View

LinePlot

StackedArea

Flow

Exports

Imports

Y-AXIS SCALE

Linear

Log

Value

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$52.1B

IMPORTS (2022)$412

NET TRADE (2022)$52.1B

In 2022, Nigeria exported $52.1B in Crude Petroleum. The main destinations of Nigeria exports on Crude Petroleum were India ($7.35B), Spain ($6.72B), France ($4.18B), United States ($4.02B), and Netherlands ($3.8B).

In 2022, Nigeria imported $412 in Crude Petroleum, mainly from Slovenia ($412).