2022
Exports
$4.53kWorld Rnk 66 / 99
Flag Rnk 788 / 1077
2022
PRODUCT COMPLEXITY IN Ground Nut Oil
-1.93Rnk 993 / 1025
2022
Imports
$12.3kWorld Rnk 106 / 185
Flag Rnk 1125 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $4.53k in Ground Nut Oil, making it the 66th largest exporter of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 788th most exported product in Nigeria. The main destination of Ground Nut Oil exports from Nigeria are: Benin ($1.86k), Canada ($1.27k), Slovenia ($1.05k), South Africa ($283), and Niger ($37).

The fastest growing export markets for Ground Nut Oil of Nigeria between 2021 and 2022 were Canada ($1.21k), South Africa ($186), and Niger ($37).

Imports In 2022, Nigeria imported $12.3k in Ground Nut Oil, becoming the 106th largest importer of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 1125th most imported product in Nigeria. Nigeria imports Ground Nut Oil primarily from: United Arab Emirates ($6.13k), Italy ($3.89k), India ($1.49k), Ireland ($527), and Norway ($284).

The fastest growing import markets in Ground Nut Oil for Nigeria between 2021 and 2022 were United Arab Emirates ($6.13k), India ($856), and Ireland ($527).

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 Ground Nut 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)$4.53k
IMPORTS (2022)$12.3k
NET TRADE (2022)-$7.8k

In 2022, Nigeria exported $4.53k in Ground Nut Oil. The main destinations of Nigeria exports on Ground Nut Oil were Benin ($1.86k), Canada ($1.27k), Slovenia ($1.05k), South Africa ($283), and Niger ($37).

In 2022, Nigeria imported $12.3k in Ground Nut Oil, mainly from United Arab Emirates ($6.13k), Italy ($3.89k), India ($1.49k), Ireland ($527), and Norway ($284).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ground Nut Oil EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Canada$1.21k (2.12k%)
South Africa$186 (192%)
Niger$37 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nut Oil BY Nigeria WERE (2021 - 2022):
China-$8.21M (-100%)
Benin-$2.43k (-56.7%)
Slovenia-$353 (-25.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Ground Nut Oil were:
In 2022, Nigeria's main importing competitors in Ground Nut Oil were:

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Trade Value of Ground Nut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $1.57k
TOP IMPORT POTENTIALIndia+ $5.08k

Ground Nut Oil’s highest export potential is Canada. With an export gap of $1.57k.   Ground Nut Oil’s highest import potential is India with an import gap of $5.08k.

See methodology.

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