Market Potential of Sub-Saharan Africa United Soybean

  • nigeria provides export market for oilseeds and products nigeria
  • nigeria provides export market for oilseeds and products nigeria
  • nigeria provides export market for oilseeds and products nigeria
  • nigeria provides export market for oilseeds and products nigeria

Nigeria USDA Foreign Agricultural Service

Publication Oilseeds: World Markets and Trade ID

Palm oil consumption Nigeria 2019/2025 Statista

Nigeria Imports 1981-2025 Data 2020-2025

  • What products can be exported from Nigeria?
  • Agriculture: Nigeria has a total land area of about 923,768km2. Being arable and fertile the land is highly suitable for agriculture and animal husbandry. To replace oil as a major export product, NEPC has recognized 13 products that can be exported. These products include rice, cocoa, sugar, cashew, and palm oil.
  • What is the oil-producing region of Nigeria?
  • The oil-producing region of Nigeria is confined to the southeastern part of the country called the Niger Delta with some offshore rigs. The 6 decades of oil extraction in this region has seen large amounts of pollution from the drilling for oil and ruptures in the oil pipelines.
  • How much agricultural products are exported from Nigeria?
  • The latest foreign trade data released by the National Bureau of Statistics (NBS) shows that the top ten agricultural products exported from Nigeria are estimated at N82.3 billion.
  • How much oil does Nigeria Export?
  • Exports of the fossil fuel to these two countries were in an approximate amount of 774.5 billion Nigerian naira (NGN) (roughly 1.9 billion U.S. dollars) and 624 billion NGN (some 1.5 billion U.S. dollars), respectively. France, the Netherlands, and Indonesia were other main destinations for Nigerian crude oil exports.
  • What is Nigeria's biggest export?
  • Nigeria’s biggest export is crude oil, a commodity that represents over three-quarters (78.7%) of its total exported goods by value. That percentage belies the relatively concentrated nature of the Nigerian portfolio of export products.
  • What happened to Nigerian exports in 2022?
  • Year over year, the total value of Nigerian exports slipped by -4.2% compared to $63.3 billion for 2022. Based on our calculated exchange rate for 2023, the Nigerian naira depreciated by -397.2% against the US dollar since 2019 and declined by -258.2% from 2022 to 2023.