Soybeans exports from Nigeria: data, top buyers and prices
Nigeria exported $216.1 million of soybeans in 2024 (497.0 thousand tonnes). Value fell 9% from 2023. Over 2017-2024 the trade grew strongly, by about 24% 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 | $216.1M | 497.0K t |
| 2023 | $237.9M | 1.43M t |
| 2022 | $27.2M | 38.9K t |
| 2021 | $1.8M | 2.4K t |
| 2020 | $7.5M | 13.6K t |
| 2019 | $329K | 365 t |
| 2018 | $15.9M | 34.6K t |
| 2017 | $49.0M | 114.6K t |
Where Nigeria exports soybeans to
Pakistan alone took 69% of it. Among the main buyer markets, Pakistan grew fastest (+135% on the year before).
| Destination | Value | Share |
|---|---|---|
| Pakistan | $148.3M | 69% |
| India | $47.8M | 22% |
| Canada | $11.1M | 5.1% |
| Turkey | $3.8M | 1.8% |
| United States | $2.1M | 1% |
| France | $781K | 0.4% |
| Nepal | $442K | 0.2% |
| China | $392K | 0.2% |
| United Arab Emirates | $302K | 0.1% |
| Belgium | $268K | 0.1% |
Product types under HS 1201
| 1201.90 | Soya beans: other than seed, whether or not broken | 95% |
| 1201.10 | Soybean seeds | 5% |
Codes and full descriptions: HS heading 1201.
Average export price per kg
The average declared value was about $0.43 per kg, close to the world average of $0.47.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Soybeans imports to Nigeria
Nigeria imported $30.0 million of soybeans in 2024 (65.3 thousand tonnes). United States alone supplied 96% of it.
| Supplier country | Value | Share |
|---|---|---|
| United States | $28.7M | 96% |
| China | $1.2M | 4% |
| Argentina | $22K | 0.1% |
| India | $2K | 0% |
| South Africa | $0K | 0% |
| Cote d'Ivoire | $0K | 0% |
| Thailand | $0K | 0% |
Who is behind these numbers in Nigeria?
The shipment records behind Nigeria soybeans exports (HS 1201): 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 1201: Soya beans, whether or not broken.
Common questions
What is the value of soybeans exported by Nigeria?
Nigeria exported soybeans worth $216.1 million in 2024, the latest year with complete public data, about 497.0 thousand tonnes. That ranks it 12th of 140 countries worldwide, with 0% of world exports. The value was down 9% on 2023.
Which countries buy soybeans from Nigeria?
Pakistan was the largest buyer with 69% of the value ($148.3 million), followed by India (22%) and Canada (5%). The top three together account for 96%, out of 32 buyer countries in total. Pakistan grew fastest among the top ten, up 135% on the year.
What is the average export price of soybeans per kg?
The average declared export value was about $0.43 per kg in 2024, 9% below the world average of $0.47 per kg. The figure blends every grade shipped, so it works as a reference point rather than a quote.
How have exports of soybeans from Nigeria changed since 2017?
Exports went from $49.0 million in 2017 to $216.1 million in 2024, an increase of 341%. The peak was 2023 at $237.9 million. Over 8 years the average was $69.5 million a year.
Does Nigeria also import soybeans?
Yes. Nigeria imported $30.0 million worth of this product in 2024, mainly from the United States, China and Argentina. On balance Nigeria is a net exporter of this product, by about $186.2 million a year.
What is the HS code for soybeans?
The HS code for soybeans is heading 1201. In Nigeria the largest six-digit codes were 1201.90 (95% of the value) and 1201.10 (5%).
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
Soybeans product types in Nigeria
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