Exports In 2023, Nigeria exported $703M in Refined Petroleum, making it the 71st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 6th most exported product in Nigeria. The main destination of Refined Petroleum exports from Nigeria are: United Kingdom ($317M), United States ($137M), Belgium ($82.6M), Benin ($62.2M), and Portugal ($32.9M).
The fastest growing export markets for Refined Petroleum of Nigeria between 2022 and 2023 were Portugal ($32.9M), Netherlands ($21.2M), and Germany ($12.9M).
Imports In 2023, Nigeria imported $18.2B in Refined Petroleum, becoming the 14th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Nigeria. Nigeria imports Refined Petroleum primarily from: Belgium ($4.97B), Malta ($2.24B), Netherlands ($2.08B), India ($1.33B), and Russia ($1.18B).
The fastest growing import markets in Refined Petroleum for Nigeria between 2022 and 2023 were Malta ($2.24B), Russia ($907M), and South Korea ($868M).