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Who buys Nigeria’s crude oil? Export destinations 2024

In 2024, Nigeria exported $40.6 billion of crude oil (65.6 million tonnes), 3.1% of the world total. Its main destinations were Spain (12%), the United States (11%) and France (10%). Nigeria was the world’s 9th-largest exporter of crude oil.

Summary

Value
$40.6billion
Tonnes
65.6million tonnes
Share of world total
3.1%
World rank
9th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Spain4.8Tonnes: 7,647,821USD per tonne: $62411.8%Sea
United States4.5Tonnes: 8,068,934USD per tonne: $55211%Sea
France4.2Tonnes: 6,403,291USD per tonne: $65910.4%Sea
India4.1Tonnes: 6,385,126USD per tonne: $64810.2%Sea
Indonesia2.5Tonnes: 4,750,632USD per tonne: $5246.1%Sea
South Africa2.5Tonnes: 3,910,673USD per tonne: $6306.1%Sea
Côte d'Ivoire2.2Tonnes: 3,266,132USD per tonne: $6665.4%Sea
Italy1.9Tonnes: 3,614,625USD per tonne: $5374.8%Sea
Netherlands re-exports1.8Tonnes: 3,179,767USD per tonne: $5564.4%Sea
Germany1.5Tonnes: 2,448,180USD per tonne: $6283.8%Sea
Canada1.3Tonnes: 2,461,690USD per tonne: $5413.3%Sea
United Kingdom1.3Tonnes: 2,111,360USD per tonne: $6163.2%Sea
Sweden0.77Tonnes: 1,195,140USD per tonne: $6471.9%Sea
China0.76Tonnes: 1,208,779USD per tonne: $6281.9%Sea
Thailand0.69Tonnes: 911,749USD per tonne: $7541.7%Sea
Peru0.62Tonnes: 1,114,632USD per tonne: $5601.5%Sea
Switzerland0.59Tonnes: 954,938USD per tonne: $6131.4%Sea
Portugal0.56Tonnes: 893,927USD per tonne: $6221.4%Sea
Togo0.42Tonnes: —USD per tonne: —1%Sea
Poland0.41Tonnes: 634,544USD per tonne: $6431%Sea

Trend

Who it sells to

Spain has been its main destination since 2024

Value in USD billions. The five largest destinations in 2024.

  • Spain 4.8
  • United States 4.5
  • France 4.2
  • India 4.1
  • Indonesia 2.5

Source: CEPII BACI

Show the numbers
Partner19952024
Spain0.984.8
United States4.84.5
France0.734.2
India0.714.1
Indonesia0.172.5

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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