Offshore drilling platforms exports from Nigeria: data, top buyers and prices
Exports of offshore drilling platforms by Nigeria reached $431.9 million in 2024 (68 tonnes). It ranks 10th of 55 countries for exports of this product. Value rose 145385% on 2023. Over 2020-2024 the trade grew strongly, by about 2949% a year on average. The peak in this period was 2022, at $562.5 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 | $431.9M | 68 t |
| 2023 | $297K | 354 t |
| 2022 | $562.5M | 8 t |
| 2021 | $132K | 126 t |
| 2020 | $1K | 0 t |
Where Nigeria exports offshore drilling platforms to
Spain alone took 80% of it.
| Destination | Value | Share |
|---|---|---|
| Spain | $345.8M | 80% |
| Namibia | $55.2M | 13% |
| Equatorial Guinea | $30.9M | 7.2% |
Average export price per kg
The average declared value was about $6,399.16 per kg, 71081% above the world average of $8.99. This usually points to higher-grade or processed goods.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Offshore drilling platforms imports to Nigeria
In 2024, Nigeria imported offshore drilling platforms worth $109.7 million (4.9 thousand tonnes). Its share of world imports was 1%. Saudi Arabia alone supplied 91% of it.
| Supplier country | Value | Share |
|---|---|---|
| Saudi Arabia | $100.3M | 92% |
| United Arab Emirates | $9.4M | 8.5% |
| China | $15K | 0% |
Who is behind these numbers in Nigeria?
The shipment records behind Nigeria offshore drilling platforms exports (HS 8905.20): 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 8905.20: Floating or submersible drilling or production platforms.
Common questions
What is the value of offshore drilling platforms exported by Nigeria?
Nigeria exported offshore drilling platforms worth $431.9 million in 2024, the latest year with complete public data, about 68 tonnes. That ranks it 10th of 55 countries worldwide, with 4% of world exports.
Which countries buy offshore drilling platforms from Nigeria?
Spain was the largest buyer with 80% of the value ($345.8 million), followed by Namibia (13%) and Equatorial Guinea (7%). The top three together account for 100%, out of 3 buyer countries in total.
What is the average export price of offshore drilling platforms per kg?
The average declared export value was about $6,399.16 per kg in 2024, 71081% above the world average of $8.99 per kg. Because it averages all grades and sizes, treat the figure as a market benchmark, not a price offer.
How have exports of offshore drilling platforms from Nigeria changed since 2017?
Exports went from $0 thousand in 2020 to $431.9 million in 2024. The peak was 2022 at $562.5 million. Over 5 years the average was $199.0 million a year.
Does Nigeria also import offshore drilling platforms?
Yes. Nigeria imported $109.7 million worth of this product in 2024, mainly from Saudi Arabia, the United Arab Emirates and China. On balance Nigeria is a net exporter of this product, by about $322.2 million a year.
What is the HS code for offshore drilling platforms?
The HS code for offshore drilling platforms is subheading 8905.20. It sits in HS chapter 89 (ships, boats and floating structures). The full list of codes and descriptions is on the HS 8905 page.
How can I find the companies behind this trade?
Shipment-level records for Nigeria reach EximDataX from a direct customs feed, with company names, dates and declared values. We can show them for your product on a short call.
Same product, other countries
World offshore drilling platforms trade: top importers and exporters
More trade data for Nigeria
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