2023
Exports
$9.56kWorld Rnk 108 / 160
Flag Rnk 714 / 1096
2023
PRODUCT COMPLEXITY IN Pure Olive Oil
-0.73Rnk 765 / 1025
2023
Imports
$3.25MWorld Rnk 93 / 221
Flag Rnk 643 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $9.56k in Pure Olive Oil, making it the 108th 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: Kuwait ($6.25k), Canada ($510), Germany ($506), Ghana ($345), and Liberia ($266).

The fastest growing export markets for Pure Olive Oil of Nigeria between 2022 and 2023 were Kuwait ($6.25k), Liberia ($266), and Canada ($223).

Imports In 2023, Nigeria imported $3.25M in Pure Olive Oil, becoming the 93rd largest importer of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 643rd most imported product in Nigeria. Nigeria imports Pure Olive Oil primarily from: Spain ($2.25M), Italy ($254k), China ($207k), Lebanon ($161k), and Egypt ($129k).

The fastest growing import markets in Pure Olive Oil for Nigeria between 2022 and 2023 were China ($173k), Egypt ($129k), and Lebanon ($76.2k).

Latest Trends

Dec 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 (2023)$9.56k
IMPORTS (2023)$3.25M
NET TRADE (2023)-$3.24M

In 2023, Nigeria exported $9.56k in Pure Olive Oil. The main destinations of Nigeria exports on Pure Olive Oil were Kuwait ($6.25k), Canada ($510), Germany ($506), Ghana ($345), and Liberia ($266).

In 2023, Nigeria imported $3.25M in Pure Olive Oil, mainly from Spain ($2.25M), Italy ($254k), China ($207k), Lebanon ($161k), and Egypt ($129k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Kuwait$6.25k (1%)
Liberia$266 (1%)
Canada$223 (77.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pure Olive Oil BY Nigeria WERE (2022 - 2023):
United Arab Emirates-$4.47k (-100%)
Ghana-$3.16k (-90.2%)
Portugal-$497 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Pure Olive Oil were:
Spain $4.69B
Italy $2.14B
Greece $1.35B
In 2023, 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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