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2022
Exports $26MWorld Rnk 21 / 154
Flag Rnk 46 / 1077
2022
Destination $12M Netherlands
2021 - 2022
FASTEST GROWING MARKET $12MNetherlands
2022
PRODUCT COMPLEXITY IN Coconut Oil-1.71Rnk 972 / 1025
2022
Imports $128kWorld Rnk 145 / 212
Flag Rnk 1018 / 1182
2022
Origin $26.9k Cote d'Ivoire
2021 - 2022
FASTEST GROWING ORIGIN $26.9kUnited Arab Emirates
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $26M in Coconut Oil, making it the 21st largest exporter of Coconut Oil in the world. At the same year, Coconut Oil was the 46th most exported product in Nigeria. The main destination of Coconut Oil exports from Nigeria are: Netherlands ($12M), Germany ($11.6M), India ($759k), Ghana ($535k), and Portugal ($517k).

The fastest growing export markets for Coconut Oil of Nigeria between 2021 and 2022 were Netherlands ($12M), Germany ($11.6M), and India ($759k).

Imports In 2022, Nigeria imported $128k in Coconut Oil, becoming the 145th largest importer of Coconut Oil in the world. At the same year, Coconut Oil was the 1018th most imported product in Nigeria. Nigeria imports Coconut Oil primarily from: Cote d'Ivoire ($43.2k), United Arab Emirates ($28.7k), Ghana ($25.7k), India ($24.8k), and Kenya ($2.02k).

The fastest growing import markets in Coconut Oil for Nigeria between 2021 and 2022 were United Arab Emirates ($26.9k), India ($10.4k), and Kenya ($2.02k).

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 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 (2022)$26M
IMPORTS (2022)$128k
NET TRADE (2022)$25.8M

In 2022, Nigeria exported $26M in Coconut Oil. The main destinations of Nigeria exports on Coconut Oil were Netherlands ($12M), Germany ($11.6M), India ($759k), Ghana ($535k), and Portugal ($517k).

In 2022, Nigeria imported $128k in Coconut Oil, mainly from Cote d'Ivoire ($43.2k), United Arab Emirates ($28.7k), Ghana ($25.7k), India ($24.8k), and Kenya ($2.02k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coconut Oil EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Netherlands$12M (13.2M%)
Germany$11.6M (1%)
India$759k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coconut Oil BY Nigeria WERE (2021 - 2022):
Japan-$26.6k (-65.6%)
Canada-$16.7k (-55.8%)
China-$13.3k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Coconut Oil were:
Indonesia $3.41B
Philippines $2.12B
Malaysia $1.64B
In 2022, Nigeria's main importing competitors in Coconut Oil were:
United States $1.51B
Netherlands $1.35B
China $1.12B

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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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