2023
Exports
$372kWorld Rnk 76 / 151
Flag Rnk 286 / 1096
2023
PRODUCT COMPLEXITY IN Coconut Oil
-1.7Rnk 972 / 1025
2023
Imports
$5.14MWorld Rnk 70 / 210
Flag Rnk 563 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $372k in Coconut Oil, making it the 76th largest exporter of Coconut Oil in the world. At the same year, Coconut Oil was the 286th most exported product in Nigeria. The main destination of Coconut Oil exports from Nigeria are: Niger ($184k), United States ($120k), China ($28.3k), Canada ($21.8k), and Saudi Arabia ($10.2k).

The fastest growing export markets for Coconut Oil of Nigeria between 2022 and 2023 were Niger ($183k), United States ($50k), and China ($28.3k).

Imports In 2023, Nigeria imported $5.14M in Coconut Oil, becoming the 70th largest importer of Coconut Oil in the world. At the same year, Coconut Oil was the 563rd most imported product in Nigeria. Nigeria imports Coconut Oil primarily from: Ghana ($3.23M), China ($1.01M), Cote d'Ivoire ($696k), South Africa ($124k), and Lebanon ($22.3k).

The fastest growing import markets in Coconut Oil for Nigeria between 2022 and 2023 were China ($1.01M), Cote d'Ivoire ($653k), and Ghana ($229k).

Latest Trends

Jan 2025

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 Coconut 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)$372k
IMPORTS (2023)$5.14M
NET TRADE (2023)-$4.76M

In 2023, Nigeria exported $372k in Coconut Oil. The main destinations of Nigeria exports on Coconut Oil were Niger ($184k), United States ($120k), China ($28.3k), Canada ($21.8k), and Saudi Arabia ($10.2k).

In 2023, Nigeria imported $5.14M in Coconut Oil, mainly from Ghana ($3.23M), China ($1.01M), Cote d'Ivoire ($696k), South Africa ($124k), and Lebanon ($22.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Coconut Oil EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Niger$183k (28.6k%)
United States$50k (71.7%)
China$28.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coconut Oil BY Nigeria WERE (2022 - 2023):
Germany-$12.9M (-100%)
Netherlands-$12M (-100%)
India-$765k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Coconut Oil were:
In 2023, Nigeria's main importing competitors in Coconut Oil were:

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Trade Value of Coconut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $4.21M
TOP IMPORT POTENTIALIndia+ $28.2k

Coconut Oil’s highest export potential is Germany. With an export gap of $4.21M.   Coconut Oil’s highest import potential is India with an import gap of $28.2k.

See methodology.

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