Crude palm oil imports in Nigeria: data, top suppliers and prices
Imports of crude palm oil by Nigeria reached $19.5 million in 2024 (21.5 thousand tonnes). Value fell 79% from 2023. Over 2017-2024 the trade grew strongly, by about 19% a year on average. The peak in this period was 2022, at $102.3 million.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Imports by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $19.5M | 21.5K t |
| 2023 | $93.2M | 43.4K t |
| 2022 | $102.3M | 80.8K t |
| 2021 | $19.5M | 21.1K t |
| 2020 | $8.1M | 11.6K t |
| 2019 | $36.4M | 64.4K t |
| 2018 | $41.3M | 62.6K t |
| 2017 | $5.7M | 9.1K t |
Where Nigeria imports crude palm oil from
One supplier dominates: Cote d'Ivoire accounted for 81% of the value. Among the main suppliers, Cote d'Ivoire grew fastest (+55% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| Cote d'Ivoire | $15.8M | 81% |
| Ghana | $3.1M | 16% |
| Benin | $323K | 1.7% |
| Malaysia | $219K | 1.1% |
| South Africa | $46K | 0.2% |
| Singapore | $31K | 0.2% |
| Canada | $11K | 0.1% |
| Cameroon | $5K | 0% |
| Central African Republic | $3K | 0% |
Average import price per kg
The average declared value was about $0.91 per kg, close to the world average of $0.99.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Crude palm oil exports from Nigeria
Exports of crude palm oil by Nigeria reached $340 thousand in 2024 (284 tonnes). The largest buyer markets were United Kingdom (33%), United States (31%), Canada (12%). Among the main buyer markets, United States grew fastest, more than tenfold on the year before.
| Destination | Value | Share |
|---|---|---|
| United Kingdom | $111K | 33% |
| United States | $104K | 31% |
| Canada | $40K | 12% |
| South Africa | $33K | 9.6% |
| Italy | $15K | 4.5% |
| Qatar | $8K | 2.3% |
| Ireland | $7K | 1.9% |
| France | $6K | 1.9% |
| Germany | $6K | 1.6% |
| Saudi Arabia | $5K | 1.4% |
Who is behind these numbers in Nigeria?
The shipment records behind Nigeria crude palm oil imports (HS 1511.10): companies, dates, quantities and declared values.
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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 1511.10: Vegetable oils: palm oil and its fractions, crude, not chemically modified.
Common questions
What is the value of crude palm oil imported by Nigeria?
Nigeria imported crude palm oil worth $19.5 million in 2024, the latest year with complete public data, about 21.5 thousand tonnes. That ranks it 27th of 144 countries worldwide, with 0% of world imports. The value was down 79% on 2023.
Which countries supply crude palm oil to Nigeria?
Cote d'Ivoire was the largest supplier with 81% of the value ($15.8 million), followed by Ghana (16%) and Benin (2%). The top three together account for 98%, out of 9 supplier countries in total. Cote d'Ivoire grew fastest among the top ten, up 55% on the year.
What is the average import price of crude palm oil per kg?
The average declared import value was about $0.91 per kg in 2024, 8% below the world average of $0.99 per kg. Because it averages all grades and sizes, treat the figure as a market benchmark, not a price offer.
How have imports of crude palm oil to Nigeria changed since 2017?
Imports went from $5.7 million in 2017 to $19.5 million in 2024, an increase of 242%. The peak was 2022 at $102.3 million. Over 8 years the average was $40.8 million a year.
Does Nigeria also export crude palm oil?
Yes. Nigeria exported $340 thousand worth of this product in 2024, mainly to the United Kingdom, the United States and Canada. On balance Nigeria is a net importer of this product, by about $19.2 million a year.
What is the HS code for crude palm oil?
The HS code for crude palm oil is subheading 1511.10. It sits in HS chapter 15 (animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes). The full list of codes and descriptions is on the HS 1511 page.
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.
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