2022
Exports
$8.91kWorld Rnk 109 / 146
Flag Rnk 714 / 1077
2022
PRODUCT COMPLEXITY IN Pure Olive Oil
-0.75Rnk 772 / 1025
2022
Imports
$4.4MWorld Rnk 86 / 218
Flag Rnk 598 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $8.91k in Pure Olive Oil, making it the 109th largest exporter of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 714th most exported product in Nigeria. The main destination of Pure Olive Oil exports from Nigeria are: United Arab Emirates ($4.29k), Portugal ($480), Netherlands ($467), Belgium ($456), and South Korea ($382).

The fastest growing export markets for Pure Olive Oil of Nigeria between 2021 and 2022 were United Arab Emirates ($3.91k), Portugal ($480), and Belgium ($455).

Imports In 2022, Nigeria imported $4.4M in Pure Olive Oil, becoming the 86th largest importer of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 598th most imported product in Nigeria. Nigeria imports Pure Olive Oil primarily from: Spain ($3.38M), Italy ($524k), United Arab Emirates ($151k), Turkey ($137k), and Lebanon ($84.6k).

The fastest growing import markets in Pure Olive Oil for Nigeria between 2021 and 2022 were United Arab Emirates ($139k), Turkey ($50.9k), and Tunisia ($20k).

Latest Trends

Sep 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 Pure Olive 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)$8.91k
IMPORTS (2022)$4.4M
NET TRADE (2022)-$4.39M

In 2022, Nigeria exported $8.91k in Pure Olive Oil. The main destinations of Nigeria exports on Pure Olive Oil were United Arab Emirates ($4.29k), Portugal ($480), Netherlands ($467), Belgium ($456), and South Korea ($382).

In 2022, Nigeria imported $4.4M in Pure Olive Oil, mainly from Spain ($3.38M), Italy ($524k), United Arab Emirates ($151k), Turkey ($137k), and Lebanon ($84.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
United Arab Emirates$3.91k (1.04k%)
Portugal$480 (1%)
Belgium$455 (45.5k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pure Olive Oil BY Nigeria WERE (2021 - 2022):
Austria-$2.29k (-95.1%)
Benin-$1.99k (-85.4%)
Cameroon-$1.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Pure Olive Oil were:
Spain $4.43B
Italy $1.87B
In 2022, Nigeria's main importing competitors in Pure Olive Oil were:

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Trade Value of Pure Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $3.51k
TOP IMPORT POTENTIALSpain+ $1.38M

Pure Olive Oil’s highest export potential is United Arab Emirates. With an export gap of $3.51k.   Pure Olive Oil’s highest import potential is Spain with an import gap of $1.38M.

See methodology.

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