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Exports In 2023, Nigeria exported $640 in Olive Oil, making it the 76th largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 951st most exported product in Nigeria. The main destination of Olive Oil exports from Nigeria are: Netherlands ($345), Benin ($216), Bulgaria ($57), Ireland ($17), and South Africa ($5).

The fastest growing export markets for Olive Oil of Nigeria between 2022 and 2023 were Benin ($216), Bulgaria ($57), and Ireland ($17).

Imports In 2023, Nigeria imported $520k in Olive Oil, becoming the 82nd largest importer of Olive Oil in the world. At the same year, Olive Oil was the 894th most imported product in Nigeria. Nigeria imports Olive Oil primarily from: Spain ($447k), Italy ($66.4k), United Arab Emirates ($5.99k), France ($650), and Austria ($2).

The fastest growing import markets in Olive Oil for Nigeria between 2022 and 2023 were United Arab Emirates ($5.99k), France ($650), and Austria ($2).

Latest Trends

Dec 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 (2023)$640
IMPORTS (2023)$520k
NET TRADE (2023)-$519k

In 2023, Nigeria exported $640 in Olive Oil. The main destinations of Nigeria exports on Olive Oil were Netherlands ($345), Benin ($216), Bulgaria ($57), Ireland ($17), and South Africa ($5).

In 2023, Nigeria imported $520k in Olive Oil, mainly from Spain ($447k), Italy ($66.4k), United Arab Emirates ($5.99k), France ($650), and Austria ($2).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Olive Oil EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Benin$216 (1%)
Bulgaria$57 (1%)
Ireland$17 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Olive Oil BY Nigeria WERE (2022 - 2023):
Netherlands-$210 (-37.8%)
Canada-$23 (-100%)
Georgia-$10 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Olive Oil were:
Spain $320M
Italy $114M
In 2023, 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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