Indonesia Exported US$137.098 Million Worth of Animal Fats and Oils to Nigeria

Indonesia recorded exports to Nigeria totaling US$459,789 thousand as of December 2022. This figure represents a 0.88% decrease compared to the previous year's exports, which were recorded at US$463,871 thousand.

Indonesia's trade record with Nigeria shows a significant decline in exports over the past 10 years. The lowest export value was US$310,819 thousand, while the highest reached US$648,617 thousand.

Of the 97 products (two-digit HS codes) exported to Nigeria, 41 products were worth more than one billion dollars. Most of the exported products (64 products) are also exported to other countries.

The following is a list of the top five products exported by Indonesia to Nigeria, ordered from highest to lowest transaction value.

1. Animal, vegetable or microbial fats and oils and their fractions.

Indonesia exported a significant amount of Animal, vegetable or microbial fats and oils and their fractions. In the Trademap classification, this falls under HS code 15. This export commodity is grouped together with Prepared edible fats and...

In 2022, Indonesia exported US$137,098 thousand worth of these products. This is lower than the previous period's US$140,890 thousand.

2. Paper and Paperboard

Indonesia's second largest export to Nigeria was Paper and Paperboard. The export value in 2022 was US$64,926 thousand, an increase compared to the previous period's US$56,385 thousand.

3. Pharmaceutical products

Indonesia also exported a significant amount of Pharmaceutical products to Nigeria. The export value in 2022 was US$47,971 thousand, lower than the previous period's US$49,367 thousand. Trademap data shows Indonesia exports Pharmaceutical products to 127 countries. Exports to Nigeria rank fifth. Other top five export destinations include the Philippines, Singapore, India, and Japan.

4. Prepared foodstuffs

Indonesia exports Prepared foodstuffs to 135 countries. Exports to Nigeria rank sixth. In 2022, Indonesia exported US$46,850 thousand worth of these products. Other top five export destinations include the Philippines, Singapore, Malaysia, Saudi Arabia, and Vietnam.

5. Electrical machinery, equipment, and parts

Indonesia also exported a significant amount of Electrical machinery, equipment, and parts to Nigeria. The export value was US$21,734 thousand, lower than the previous period's US$27,061 thousand. Trademap data shows Indonesia exports Electrical machinery, equipment, and parts to 159 countries. Exports to Nigeria rank 39th. Other top five export destinations include Singapore, the United States, Japan, the Republic of Korea, and Hong Kong, China.