2022
Exports
$315MWorld Rnk 4 / 173
Flag Rnk 10 / 1077
2022
PRODUCT COMPLEXITY IN Other Oily Seeds
-2.33Rnk 1015 / 1025
2022
Imports
$3.08MWorld Rnk 99 / 217
Flag Rnk 662 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $315M in Other Oily Seeds, making it the 4th largest exporter of Other Oily Seeds in the world. At the same year, Other Oily Seeds was the 10th most exported product in Nigeria. The main destination of Other Oily Seeds exports from Nigeria are: Japan ($106M), Turkey ($47.3M), Vietnam ($44M), China ($41.3M), and Greece ($23M).

The fastest growing export markets for Other Oily Seeds of Nigeria between 2021 and 2022 were Japan ($31.2M), Vietnam ($21.8M), and Greece ($7.63M).

Imports In 2022, Nigeria imported $3.08M in Other Oily Seeds, becoming the 99th largest importer of Other Oily Seeds in the world. At the same year, Other Oily Seeds was the 662nd most imported product in Nigeria. Nigeria imports Other Oily Seeds primarily from: Benin ($1.52M), Indonesia ($786k), France ($196k), Cameroon ($195k), and Chad ($176k).

The fastest growing import markets in Other Oily Seeds for Nigeria between 2021 and 2022 were Benin ($1.34M), Indonesia ($618k), and Chad ($151k).

Latest Trends

Oct 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 (2022)$315M
IMPORTS (2022)$3.08M
NET TRADE (2022)$312M

In 2022, Nigeria exported $315M in Other Oily Seeds. The main destinations of Nigeria exports on Other Oily Seeds were Japan ($106M), Turkey ($47.3M), Vietnam ($44M), China ($41.3M), and Greece ($23M).

In 2022, Nigeria imported $3.08M in Other Oily Seeds, mainly from Benin ($1.52M), Indonesia ($786k), France ($196k), Cameroon ($195k), and Chad ($176k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Oily Seeds EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Japan$31.2M (41.7%)
Vietnam$21.8M (98.1%)
Greece$7.63M (49.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Oily Seeds BY Nigeria WERE (2021 - 2022):
Turkey-$4.01M (-7.8%)
China-$3.87M (-8.57%)
Germany-$3.79M (-29.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Other Oily Seeds were:
Sudan $654M
India $535M
China $378M
In 2022, 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
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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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