Exports In 2023, Nigeria exported $2.27M in Palm Oil, making it the 69th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 141st most exported product in Nigeria. The main destination of Palm Oil exports from Nigeria are: United States ($617k), Ghana ($492k), Niger ($464k), Canada ($370k), and United Kingdom ($166k).
The fastest growing export markets for Palm Oil of Nigeria between 2022 and 2023 were Ghana ($460k), Niger ($353k), and United States ($167k).
Imports In 2023, Nigeria imported $420M in Palm Oil, becoming the 27th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 18th most imported product in Nigeria. Nigeria imports Palm Oil primarily from: Malaysia ($299M), Indonesia ($68.2M), Ghana ($32.1M), Cote d'Ivoire ($15.9M), and Benin ($3.04M).
The fastest growing import markets in Palm Oil for Nigeria between 2022 and 2023 were Indonesia ($22M), Malaysia ($13.7M), and Benin ($1.59M).