2023
Exports
$271MWorld Rnk 8 / 177
Flag Rnk 9 / 1096
2023
PRODUCT COMPLEXITY IN Other Oily Seeds
-2.38Rnk 1016 / 1025
2023
Imports
$5.21MWorld Rnk 87 / 213
Flag Rnk 558 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $271M in Other Oily Seeds, making it the 8th largest exporter of Other Oily Seeds in the world. At the same year, Other Oily Seeds was the 9th most exported product in Nigeria. The main destination of Other Oily Seeds exports from Nigeria are: Japan ($103M), Vietnam ($35.9M), Greece ($21.6M), India ($18.8M), and South Korea ($16.7M).

The fastest growing export markets for Other Oily Seeds of Nigeria between 2022 and 2023 were India ($17.5M), South Korea ($9.45M), and Germany ($5.51M).

Imports In 2023, Nigeria imported $5.21M in Other Oily Seeds, becoming the 87th largest importer of Other Oily Seeds in the world. At the same year, Other Oily Seeds was the 558th most imported product in Nigeria. Nigeria imports Other Oily Seeds primarily from: Indonesia ($1.28M), Benin ($1.1M), Turkey ($644k), Colombia ($607k), and Cameroon ($475k).

The fastest growing import markets in Other Oily Seeds for Nigeria between 2022 and 2023 were Indonesia ($733k), Turkey ($641k), and Colombia ($607k).

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 Other Oily Seeds. 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)$271M
IMPORTS (2023)$5.21M
NET TRADE (2023)$266M

In 2023, Nigeria exported $271M in Other Oily Seeds. The main destinations of Nigeria exports on Other Oily Seeds were Japan ($103M), Vietnam ($35.9M), Greece ($21.6M), India ($18.8M), and South Korea ($16.7M).

In 2023, Nigeria imported $5.21M in Other Oily Seeds, mainly from Indonesia ($1.28M), Benin ($1.1M), Turkey ($644k), Colombia ($607k), and Cameroon ($475k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Oily Seeds EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
India$17.5M (1.45k%)
South Korea$9.45M (130%)
Germany$5.51M (60.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Oily Seeds BY Nigeria WERE (2022 - 2023):
Turkey-$35.3M (-74.7%)
Vietnam-$9.78M (-21.4%)
Japan-$4.6M (-4.29%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Other Oily Seeds were:
Sudan $709M
India $576M
China $411M
In 2023, Nigeria's main importing competitors in Other Oily Seeds were:

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Trade Value of Other Oily Seeds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $14.6M
TOP IMPORT POTENTIALBenin+ $664k

Other Oily Seeds’s highest export potential is China. With an export gap of $14.6M.   Other Oily Seeds’s highest import potential is Benin with an import gap of $664k.

See methodology.

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