Coconut and palm kernel oil exports from Nigeria: data, top buyers and prices
Nigeria exported $6.1 million of coconut and palm kernel oil in 2024 (5.4 thousand tonnes). That is 1490% more than in 2023. Over 2017-2024 it shrank by about 7% a year on average. The peak in this period was 2022, at $27.4 million.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Exports by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $6.1M | 5.4K t |
| 2023 | $384K | 1.5K t |
| 2022 | $27.4M | 20.4K t |
| 2021 | $100K | 110 t |
| 2020 | $44K | 30 t |
| 2019 | $30K | 22 t |
| 2018 | $5.3M | 5.8K t |
| 2017 | $9.9M | 8.2K t |
Where Nigeria exports coconut and palm kernel oil to
Netherlands alone took 51% of it. Among the main buyer markets, United States grew fastest (+36% on the year before).
| Destination | Value | Share |
|---|---|---|
| Netherlands | $3.1M | 51% |
| Germany | $2.8M | 46% |
| United States | $164K | 2.7% |
| Canada | $19K | 0.3% |
| Australia | $8K | 0.1% |
| Saudi Arabia | $7K | 0.1% |
| United Kingdom | $5K | 0.1% |
| Niger | $1K | 0% |
| Georgia | $0K | 0% |
| Mauritius | $0K | 0% |
Product types under HS 1513
| 1513.21 | Crude palm kernel or babassu oil | 99% |
| 1513.29 | Refined palm kernel or babassu oil | 1.3% |
| 1513.19 | Refined coconut oil | 0.2% |
| 1513.11 | Crude coconut oil | 0% |
Codes and full descriptions: HS heading 1513.
Average export price per kg
The average declared value was about $1.14 per kg, close to the world average of $1.40.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Coconut and palm kernel oil imports to Nigeria
In 2024, Nigeria imported coconut and palm kernel oil worth $1.7 million (1.7 thousand tonnes). The largest suppliers were Malaysia (39%), Indonesia (35%), Cote d'Ivoire (20%). Among the main suppliers, Benin grew fastest, more than tenfold on the year before.
| Supplier country | Value | Share |
|---|---|---|
| Malaysia | $654K | 39% |
| Indonesia | $589K | 35% |
| Cote d'Ivoire | $335K | 20% |
| Benin | $56K | 3.3% |
| India | $26K | 1.5% |
| Pakistan | $11K | 0.6% |
| Germany | $4K | 0.2% |
| Tunisia | $3K | 0.2% |
| Netherlands | $2K | 0.1% |
| Guinea | $2K | 0.1% |
Who is behind these numbers in Nigeria?
The shipment records behind Nigeria coconut and palm kernel oil exports (HS 1513): companies, dates, quantities and declared values.
Shipment records are in the platform
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Direct customs feed: shipment-level records from the official customs source.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 1513: Coconut (copra), palm kernel or babassu oil and their fractions; whether or not refined but not chemically modified.
Common questions
What is the value of coconut and palm kernel oil exported by Nigeria?
Nigeria exported coconut and palm kernel oil worth $6.1 million in 2024, the latest year with complete public data, about 5.4 thousand tonnes. That ranks it 34th of 152 countries worldwide, with 0% of world exports.
Which countries buy coconut and palm kernel oil from Nigeria?
The Netherlands was the largest buyer with 51% of the value ($3.1 million), followed by Germany (46%) and the United States (3%). The top three together account for 99%, out of 17 buyer countries in total. Australia grew fastest among the top ten, up 517% on the year.
What is the average export price of coconut and palm kernel oil per kg?
The average declared export value was about $1.14 per kg in 2024, 19% below the world average of $1.40 per kg. The figure blends every grade shipped, so it works as a reference point rather than a quote.
How have exports of coconut and palm kernel oil from Nigeria changed since 2017?
Exports went from $9.9 million in 2017 to $6.1 million in 2024, a fall of 38%. The peak was 2022 at $27.4 million. Over 8 years the average was $6.2 million a year.
Does Nigeria also import coconut and palm kernel oil?
Yes. Nigeria imported $1.7 million worth of this product in 2024, mainly from Malaysia, Indonesia and Cote d'Ivoire. On balance Nigeria is a net exporter of this product, by about $4.4 million a year.
What is the HS code for coconut and palm kernel oil?
The HS code for coconut and palm kernel oil is heading 1513. In Nigeria the largest six-digit codes were 1513.21 (99% of the value) and 1513.29 (1%).
How can I find the companies behind this trade?
EximDataX has a direct customs feed for Nigeria, so the importers and exporters behind these totals are visible by name, shipment by shipment. Ask for a live look at your product.
Same product, other countries
World coconut and palm kernel oil trade: top importers and exporters
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