Oil cake exports from Nigeria: data, top buyers and prices
In 2024, Nigeria exported oil cake worth $3.7 million (29.1 thousand tonnes). That is 130% more than in 2023. Over 2017-2024 the trade grew strongly, by about 35% a year on average.
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 | $3.7M | 29.1K t |
| 2023 | $1.6M | 11.8K t |
| 2022 | $1.1M | 7.7K t |
| 2021 | $676K | 4.7K t |
| 2020 | $600K | 9.6K t |
| 2019 | $717K | 14.0K t |
| 2018 | $1.2M | 10.9K t |
| 2017 | $459K | 3.7K t |
Where Nigeria exports oil cake to
One buyer market dominates: Portugal accounted for 60% of the value.
| Destination | Value | Share |
|---|---|---|
| Portugal | $2.2M | 60% |
| Turkey | $1.0M | 27% |
| Finland | $233K | 6.4% |
| Mauritania | $67K | 1.8% |
| South Africa | $60K | 1.6% |
| Poland | $52K | 1.4% |
| Niger | $51K | 1.4% |
| India | $6K | 0.2% |
| Singapore | $0K | 0% |
| France | $0K | 0% |
Product types under HS 2306
| 2306.60 | Palm kernel cake | 69% |
| 2306.90 | Oil seed cake (other) | 28% |
| 2306.10 | Cottonseed cake | 2% |
| 2306.49 | Rapeseed cake | 1.2% |
| 2306.50 | Coconut cake | 0% |
| 2306.30 | Sunflower cake | 0% |
Codes and full descriptions: HS heading 2306.
Average export price per kg
The average declared value was about $0.13 per kg, 54% below the world average of $0.28, which often means bulk or lower-grade product.
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 oil cake exports (HS 2306): 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 2306: Oil-cake and other solid residues; whether or not ground or in the form of pellets, resulting from the extraction of vegetable or microbial fats or oils, other than those of heading no. 2304 or 2305.
Common questions
What is the value of oil cake exported by Nigeria?
Nigeria exported oil cake worth $3.7 million in 2024, the latest year with complete public data, about 29.1 thousand tonnes. That ranks it 62nd of 130 countries worldwide, with 0% of world exports. The value was up 130% on 2023.
Which countries buy oil cake from Nigeria?
Portugal was the largest buyer with 60% of the value ($2.2 million), followed by Turkey (27%) and Finland (6%). The top three together account for 94%, out of 15 buyer countries in total. Niger grew fastest among the top ten, up 57% on the year.
What is the average export price of oil cake per kg?
The average declared export value was about $0.13 per kg in 2024, 54% below the world average of $0.28 per kg. Because it averages all grades and sizes, treat the figure as a market benchmark, not a price offer.
How have exports of oil cake from Nigeria changed since 2017?
Exports went from $459 thousand in 2017 to $3.7 million in 2024, an increase of 700%. 2024 was the highest year in the period. Over 8 years the average was $1.2 million a year.
What is the HS code for oil cake?
The HS code for oil cake is heading 2306. In Nigeria the largest six-digit codes were 2306.60 (69% of the value) and 2306.90 (28%).
How can I find the companies behind this trade?
The totals here are public statistics; the company-level detail sits in EximDataX, which has a direct customs feed for Nigeria. Tell us your product to see it live.
Same product, other countries
Oil cake product types in Nigeria
More trade data for Nigeria
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