Soya meal exports from Nigeria: data, top buyers and prices
Exports of soya meal by Nigeria reached $213.9 million in 2024 (369.6 thousand tonnes). Its share of world exports was 1%. The value was almost unchanged from 2023. Over 2017-2024 the trade grew strongly, by about 43% 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 | $213.9M | 369.6K t |
| 2023 | $216.2M | 358.4K t |
| 2022 | $79.1M | 109.1K t |
| 2021 | $91.7M | 142.4K t |
| 2020 | $69.7M | 162.1K t |
| 2019 | $4K | 44 t |
| 2018 | $15.9M | 34.6K t |
| 2017 | $17.9M | 46.5K t |
Where Nigeria exports soya meal to
Most of it went to France (39%), Pakistan (30%), United States (15%). Among the main buyer markets, United States grew fastest (+115% on the year before).
| Destination | Value | Share |
|---|---|---|
| France | $83.6M | 39% |
| Pakistan | $64.7M | 30% |
| United States | $32.4M | 15% |
| Cote d'Ivoire | $12.4M | 5.8% |
| Turkey | $12.0M | 5.6% |
| United Kingdom | $4.0M | 1.9% |
| Spain | $1.6M | 0.7% |
| Angola | $1.6M | 0.7% |
| Sri Lanka | $1.1M | 0.5% |
| Canada | $171K | 0.1% |
Average export price per kg
The average declared value was about $0.58 per kg, 29% above the world average of $0.45. 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.
Soya meal imports to Nigeria
Nigeria imported $2.8 million of soya meal in 2024 (3.5 thousand tonnes). One supplier dominates: China accounted for 89% of the value. Among the main suppliers, China grew fastest (+240% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| China | $2.5M | 89% |
| Netherlands | $190K | 6.7% |
| Togo | $73K | 2.6% |
| Marshall Isds | $26K | 0.9% |
| Israel | $12K | 0.4% |
Who is behind these numbers in Nigeria?
The shipment records behind Nigeria soya meal exports (HS 2304): 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 2304: Oil-cake and other solid residues; whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil.
Common questions
What is the value of soya meal exported by Nigeria?
Nigeria exported soya meal worth $213.9 million in 2024, the latest year with complete public data, about 369.6 thousand tonnes. That ranks it 14th of 127 countries worldwide, with 1% of world exports. The value was down 1% on 2023.
Which countries buy soya meal from Nigeria?
France was the largest buyer with 39% of the value ($83.6 million), followed by Pakistan (30%) and the United States (15%). The top three together account for 84%, out of 21 buyer countries in total. The United Kingdom grew fastest among the top ten, up 768% on the year.
What is the average export price of soya meal per kg?
The average declared export value was about $0.58 per kg in 2024, 29% above the world average of $0.45 per kg. Because it averages all grades and sizes, treat the figure as a market benchmark, not a price offer.
How have exports of soya meal from Nigeria changed since 2017?
Exports went from $17.9 million in 2017 to $213.9 million in 2024. The peak was 2023 at $216.2 million. Over 8 years the average was $88.1 million a year.
Does Nigeria also import soya meal?
Yes. Nigeria imported $2.8 million worth of this product in 2024, mainly from China, the Netherlands and Togo. On balance Nigeria is a net exporter of this product, by about $211.0 million a year.
What is the HS code for soya meal?
The HS code for soya meal is heading 2304. In Nigeria all of this trade was declared under the six-digit code 2304.00. It sits in HS chapter 23 (food industries, residues and wastes thereof; prepared animal fodder). The full list of codes and descriptions is on the HS 2304 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.
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