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Who buys Nigeria’s refined petroleum products? Export destinations 2024

In 2024, Nigeria exported $3.2 billion of refined petroleum products (4.3 million tonnes), 0.4% of the world total. Its main destinations were South Korea (21%), the United States (18%) and Singapore (13%). Nigeria was the world’s 38th-largest exporter of refined petroleum products.

Summary

Value
$3.2billion
Tonnes
4.3million tonnes
Share of world total
0.4%
World rank
38th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
South Korea654Tonnes: 926,101USD per tonne: $70720.5%Sea
United States560Tonnes: 863,863USD per tonne: $64817.5%Sea
Singapore re-exports401Tonnes: 697,333USD per tonne: $57512.6%Sea
Angola219Tonnes: —USD per tonne: —6.9%Sea
Brazil157Tonnes: 198,422USD per tonne: $7904.9%Sea
France123Tonnes: 154,555USD per tonne: $7963.9%Sea
Belgium re-exports116Tonnes: 148,125USD per tonne: $7803.6%Sea
United Kingdom115Tonnes: 143,748USD per tonne: $8003.6%Sea
Malaysia99.4Tonnes: 205,267USD per tonne: $4843.1%Sea
Morocco87.9Tonnes: 113,345USD per tonne: $7762.8%Sea
Netherlands re-exports72.6Tonnes: 102,981USD per tonne: $7052.3%Sea
Mauritania69.2Tonnes: 71,464USD per tonne: $9682.2%Sea
Spain63.3Tonnes: 91,117USD per tonne: $6952%Sea
Côte d'Ivoire60.1Tonnes: 81,882USD per tonne: $7341.9%Sea
Benin53.3Tonnes: 89,150USD per tonne: $5981.7%Sea
Gambia37Tonnes: 1,355USD per tonne: $27,2781.2%Sea
Iceland35.4Tonnes: 41,902USD per tonne: $8441.1%Sea
Senegal33.2Tonnes: 41,611USD per tonne: $7971%Sea
Togo32.7Tonnes: 37,156USD per tonne: $8801%Sea
Argentina31.2Tonnes: 41,953USD per tonne: $7450.98%Sea

Trend

Who it sells to

South Korea has been its main destination since 2024

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

  • South Korea 0.65
  • United States 0.56
  • Singapore 0.4
  • Angola 0.22
  • Brazil 0.16

Source: CEPII BACI

Show the numbers
Partner19952024
South Korea00.65
United States0.170.56
Singapore00.4
Angola00.22
Brazil0.520.16

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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