Palm oil imports in Nigeria: data, top suppliers and prices
In 2024, Nigeria imported palm oil worth $289.9 million (349.1 thousand tonnes). Its share of world imports was 1%. That is 26% less than in 2023. Across 2017-2024 the long-run trend was broadly stable. The peak in this period was 2022, at $392.8 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 | $289.9M | 349.1K t |
| 2023 | $391.9M | 403.6K t |
| 2022 | $392.8M | 339.8K t |
| 2021 | $357.9M | 341.9K t |
| 2020 | $295.6M | 436.4K t |
| 2019 | $332.0M | 515.3K t |
| 2018 | $196.7M | 312.4K t |
| 2017 | $178.1M | 259.0K t |
Where Nigeria imports palm oil from
Malaysia alone supplied 63% of it.
| Supplier country | Value | Share |
|---|---|---|
| Malaysia | $181.7M | 63% |
| Indonesia | $77.7M | 27% |
| Cote d'Ivoire | $17.3M | 6% |
| Ghana | $8.1M | 2.8% |
| Benin | $5.0M | 1.7% |
| South Africa | $46K | 0% |
| Singapore | $31K | 0% |
| Canada | $11K | 0% |
| Lebanon | $9K | 0% |
| Cameroon | $5K | 0% |
Product types under HS 1511
| 1511.90 | Refined palm oil | 93% |
| 1511.10 | Crude palm oil | 6.7% |
Codes and full descriptions: HS heading 1511.
Average import price per kg
The average declared value was about $0.83 per kg, close to the world average of $1.00.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Palm oil exports from Nigeria
Exports of palm oil by Nigeria reached $2.0 million in 2024 (2.2 thousand tonnes). Most of it went to United States (40%), Canada (25%), United Kingdom (19%). Among the main buyer markets, South Africa grew fastest (+429% on the year before).
| Destination | Value | Share |
|---|---|---|
| United States | $811K | 40% |
| Canada | $494K | 25% |
| United Kingdom | $376K | 19% |
| South Africa | $69K | 3.4% |
| Italy | $49K | 2.4% |
| Ghana | $47K | 2.3% |
| Niger | $40K | 2% |
| Australia | $35K | 1.7% |
| Norway | $13K | 0.6% |
| Ireland | $12K | 0.6% |
Who is behind these numbers in Nigeria?
The shipment records behind Nigeria palm oil imports (HS 1511): 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 1511: Palm oil and its fractions; whether or not refined, but not chemically modified.
Common questions
What is the value of palm oil imported by Nigeria?
Nigeria imported palm oil worth $289.9 million in 2024, the latest year with complete public data, about 349.1 thousand tonnes. That ranks it 33rd of 210 countries worldwide, with 1% of world imports. The value was down 26% on 2023.
Which countries supply palm oil to Nigeria?
Malaysia was the largest supplier with 63% of the value ($181.7 million), followed by Indonesia (27%) and Cote d'Ivoire (6%). The top three together account for 95%, out of 14 supplier countries in total. Benin grew fastest among the top ten, up 66% on the year.
What is the average import price of palm oil per kg?
The average declared import value was about $0.83 per kg in 2024, 17% below the world average of $1.00 per kg. Declared value divided by weight mixes every grade, so read it as a benchmark rather than a quote.
How have imports of palm oil to Nigeria changed since 2017?
Imports went from $178.1 million in 2017 to $289.9 million in 2024, an increase of 63%. The peak was 2022 at $392.8 million. Over 8 years the average was $304.4 million a year.
Does Nigeria also export palm oil?
Yes. Nigeria exported $2.0 million worth of this product in 2024, mainly to the United States, Canada and the United Kingdom. On balance Nigeria is a net importer of this product, by about $287.9 million a year.
What is the HS code for palm oil?
The HS code for palm oil is heading 1511. In Nigeria the largest six-digit codes were 1511.90 (93% of the value) and 1511.10 (7%).
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
Palm oil product types in Nigeria
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