Oil Seed Flower in Nigeria | The Observatory of Economic Complexity

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Exports In 2023, Nigeria exported $60.6M in Oil Seed Flower, making it the 4th largest exporter of Oil Seed Flower in the world. At the same year, Oil Seed Flower was the 31st most exported product in Nigeria. The main destination of Oil Seed Flower exports from Nigeria are: Pakistan ($24.3M), Cote d'Ivoire ($12.1M), United States ($11.5M), Ghana ($3.61M), and Turkey ($3.3M).

The fastest growing export markets for Oil Seed Flower of Nigeria between 2022 and 2023 were Pakistan ($24.3M), Cote d'Ivoire ($12.1M), and United States ($11.5M).

Imports In 2023, Nigeria imported $398k in Oil Seed Flower, becoming the 88th largest importer of Oil Seed Flower in the world. At the same year, Oil Seed Flower was the 917th most imported product in Nigeria. Nigeria imports Oil Seed Flower primarily from: China ($382k), India ($10.8k), Serbia ($3.77k), Netherlands ($1.01k), and Turkey ($150).

The fastest growing import markets in Oil Seed Flower for Nigeria between 2022 and 2023 were Serbia ($3.77k), India ($1.27k), and Netherlands ($1.01k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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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 Oil Seed Flower. Countries are shown based on data availability.

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

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Historical Data

Trade Balance

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Trade Value

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EXPORTS (2023)$60.6M

IMPORTS (2023)$398k

NET TRADE (2023)$60.2M

In 2023, Nigeria exported $60.6M in Oil Seed Flower. The main destinations of Nigeria exports on Oil Seed Flower were Pakistan ($24.3M), Cote d'Ivoire ($12.1M), United States ($11.5M), Ghana ($3.61M), and Turkey ($3.3M).

In 2023, Nigeria imported $398k in Oil Seed Flower, mainly from China ($382k), India ($10.8k), Serbia ($3.77k), Netherlands ($1.01k), and Turkey ($150).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

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THE FASTEST GROWING Oil Seed Flower EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):

Pakistan$24.3M (1%)

Cote d'Ivoire$12.1M (1%)

United States$11.5M (1%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Oil Seed Flower BY Nigeria WERE (2022 - 2023):

Burkina Faso-$17k (-100%)

Norway-$833 (-76.7%)

Antigua and Barbuda-$445 (-100%)

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Change in Exports by Market (2022 - 2023)

Market Concentration

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In 2023, Nigeria's main exporting competitors in Oil Seed Flower were:

United States $448M

South Africa $92.3M

Netherlands $90.3M

In 2023, Nigeria's main importing competitors in Oil Seed Flower were:

Vietnam $142M

Dominican Republic $98.5M

South Korea $81.9M

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Trade Value of Oil Seed Flower by Exporters

Potential Exports

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TOP EXPORT POTENTIALVietnam+ $44.2k

TOP IMPORT POTENTIALChina+ $119k

Oil Seed Flower’s highest export potential is Vietnam. With an export gap of $44.2k. Oil Seed Flower’s highest import potential is China with an import gap of $119k.

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Latest Trends

Subnational Monthly Trade

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Historical Data

Trade Balance

Export Destinations (2023)

Import Origins (2023)

Market Growth

Change in Exports by Market (2022 - 2023)

Market Concentration

Trade Value of Oil Seed Flower by Exporters

Potential Exports

Potential Exports

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