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Exports In 2022, Nigeria exported $560 in Olive Oil, making it the 87th largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 938th most exported product in Nigeria. The main destination of Olive Oil exports from Nigeria are: Netherlands ($521), Canada ($21), Georgia ($10), and South Africa ($8).

The fastest growing export markets for Olive Oil of Nigeria between 2021 and 2022 were Netherlands ($320), Georgia ($10), and South Africa ($8).

Imports In 2022, Nigeria imported $711k in Olive Oil, becoming the 73rd largest importer of Olive Oil in the world. At the same year, Olive Oil was the 868th most imported product in Nigeria. Nigeria imports Olive Oil primarily from: Spain ($459k), Italy ($246k), United States ($2.7k), Niger ($1.46k), and Germany ($1.25k).

The fastest growing import markets in Olive Oil for Nigeria between 2021 and 2022 were Italy ($33.4k), United States ($2.7k), and Niger ($1.46k).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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 Olive Oil. 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

Color
EXPORTS (2022)$560
IMPORTS (2022)$711k
NET TRADE (2022)-$710k

In 2022, Nigeria exported $560 in Olive Oil. The main destinations of Nigeria exports on Olive Oil were Netherlands ($521), Canada ($21), Georgia ($10), and South Africa ($8).

In 2022, Nigeria imported $711k in Olive Oil, mainly from Spain ($459k), Italy ($246k), United States ($2.7k), Niger ($1.46k), and Germany ($1.25k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Olive Oil EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Netherlands$320 (159%)
Georgia$10 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Olive Oil BY Nigeria WERE (2021 - 2022):
Cameroon-$568 (-100%)
Benin-$463 (-100%)
Canada-$223 (-91.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Olive Oil were:
Spain $322M
Italy $115M
Greece $69.6M
In 2022, Nigeria's main importing competitors in Olive Oil were:

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Trade Value of Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $502
TOP IMPORT POTENTIALSpain+ $118k

Olive Oil’s highest export potential is United States. With an export gap of $502.   Olive Oil’s highest import potential is Spain with an import gap of $118k.

See methodology.

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