Hydrocarbon imports in Nigeria: data, top suppliers and prices
In 2024, Nigeria imported hydrocarbon worth $108.2 million (176.5 thousand tonnes). Value rose 54% on 2023. Over 2017-2024 the trade grew strongly, by about 111% a year on average.
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 | $108.2M | 176.5K t |
| 2023 | $70.4M | 151.2K t |
| 2022 | $25.8M | 26.8K t |
| 2021 | $19.1M | 32.2K t |
| 2020 | $1.2M | 767 t |
| 2019 | $16.1M | 48.6K t |
| 2018 | $1.7M | 1.7K t |
| 2017 | $575K | 414 t |
Where Nigeria imports hydrocarbon from
One supplier dominates: United States accounted for 86% of the value. Among the main suppliers, Singapore grew fastest (+88% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| United States | $93.1M | 86% |
| Singapore | $5.1M | 4.7% |
| India | $4.6M | 4.2% |
| Thailand | $2.1M | 2% |
| China | $1.1M | 1% |
| Romania | $596K | 0.6% |
| Greece | $532K | 0.5% |
| Netherlands | $298K | 0.3% |
| Czech Republic | $294K | 0.3% |
| Belgium | $286K | 0.3% |
Product types under HS 2901
| 2901.10 | Saturated acyclic hydrocarbons | 95% |
| 2901.29 | Unsaturated acyclic hydrocarbons (other) | 4.6% |
| 2901.21 | Ethylene | 0.5% |
| 2901.22 | Propene | 0.1% |
Codes and full descriptions: HS heading 2901.
Average import price per kg
The average declared value was about $0.61 per kg, close to the world average of $0.75.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in Nigeria?
The shipment records behind Nigeria hydrocarbon imports (HS 2901): companies, dates, quantities and declared values.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
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 2901: Acyclic hydrocarbons.
Common questions
What is the value of hydrocarbon imported by Nigeria?
Nigeria imported hydrocarbon worth $108.2 million in 2024, the latest year with complete public data, about 176.5 thousand tonnes. That ranks it 34th of 203 countries worldwide, with 0% of world imports. The value was up 54% on 2023.
Which countries supply hydrocarbon to Nigeria?
The United States was the largest supplier with 86% of the value ($93.1 million), followed by Singapore (5%) and India (4%). The top three together account for 95%, out of 19 supplier countries in total. Singapore grew fastest among the top ten, up 88% on the year.
What is the average import price of hydrocarbon per kg?
The average declared import value was about $0.61 per kg in 2024, 19% below the world average of $0.75 per kg. The figure blends every grade shipped, so it works as a reference point rather than a quote.
How have imports of hydrocarbon to Nigeria changed since 2017?
Imports went from $575 thousand in 2017 to $108.2 million in 2024. 2024 was the highest year in the period. Over 8 years the average was $30.4 million a year.
What is the HS code for hydrocarbon?
The HS code for hydrocarbon is heading 2901. In Nigeria the largest six-digit codes were 2901.10 (95% of the value) and 2901.29 (5%).
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
Hydrocarbon product types in Nigeria
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