The implemented government policies and technical advancements of the industrial sectors are facilitating the export of the mining industries. The Nigerian government's increasing efforts towards the attraction of foreign investors in the energy sectors and the incentives providing a plethora of opportunities to investors worldwide with strategic sides records a pivotal growth of the overall GDP value. The significant strides in the modernization of the energy structure are restoring the overall growth rate.

Due to the growing global acquisitions from the trade management authorities of Nigeria because of its better product quality have recorded an export trade value of 100 billion US dollars in 2023. The substantial growth in the trade rate of growing exports accounts for further accomplishment of the globally evaluated ranks.

Top 10 Leading Mineral Fuels Export of Nigeria in 2023

The diversification in the mineral fuels export trend of Nigeria has been leading in a positive aspect. According to the Nigeria Export Data, the top 10 leading mineral fuels export of Nigeria in 2023 are,

1. Crude Oil - Export trade value of Crude Oil in 2023 - 38 billion US dollars.

2. Liquefied Natural Gas- Export trade value of Liquefied Natural Gas in 2023 - 24 billion US dollars.

3. Petroleum Gas - Export trade value of Petroleum Gas in 2023 - 17 billion US dollars.

4. Coal- Export trade value of Coal in 2023 - 14 billion US dollars.

5. Bitumen- Export trade value of Bitumen in 2023 - 12 billion US dollars.

6. Peat- Export trade value of Peat in 2023 - 10 billion US dollars.

7. Petroleum Coke - Export trade value of Petroleum Coke in 2023 - 8 billion US dollars.

8. Kerosene- Export trade value of Kerosene in 2023 - 7 billion US dollars.

9. Lignite- Export trade value of Lignite in 2023 - 6 billion US dollars.

10. Fuel- Export trade value of Fuel in 2023 - 5 billion US dollars.

The Nigeria Export Market in 2023

According to the Nigeria Trade Data, the top 10 mineral fuels export trade destinations of Nigeria in 2023 are,

1. India - According to the India Import Data, the valuation of the mineral fuels exported from Nigeria in 2023 - 39 billion US dollars.

Leading Mineral Fuels Export Variants

• Light crude oil
• Medium Crude oil
• Heavy crude oil
• Sweet crude oil
• Sour crude oil

2. United States - According to the USA Import Data, the valuation of the mineral fuels exported from Nigeria in 2023 - 25 billion US dollars.

Leading Mineral Fuels Export Variants

• High-sulfur crude oil
• Low-sulfur crude oil
• Brent crude oil
• Bonny light crude oil
• Escravos crude oil

3. Netherlands - According to the Netherlands Import Data, the valuation of the mineral fuels exported from Nigeria in 2023 - 17 billion US dollars.

Leading Mineral Fuels Export Variants

• Quality above crude oil
• Brass River crude oil
• Forcados Brent crude oil
• Condensate crude oil
• Liquefied natural gas

4. Spain - According to the Spain Import Data, the valuation of the mineral fuels exported from Nigeria in 2023 - 14 billion US dollars.

Leading Mineral Fuels Export Variants

• Pipeline natural gas
• Compressed natural gas
• Propane
• Butane
• Ethane

5. France - According to the France Import Data, the valuation of the mineral fuels exported from Nigeria in 2023 - 12 billion US dollars.

Leading Mineral Fuels Export Variants

• Methane
• Isobutane
• Pentane
• Gas condensate
• Propane

6. South Africa - According to the South Africa Import Data, the valuation of the mineral fuels exported from Nigeria in 2023 - 8 billion US dollars.

Leading Mineral Fuels Export Variants

• Gasoline
• Diesel fuel
• Heating oil
• Naphtha
• Lubricating oil

7. Turkey - According to the Turkey Import Data, the valuation of the mineral fuels exported from Nigeria in 2023 - 7 billion US dollars.

Leading Mineral Fuels Export Variants

• Thermal coal
• Metallurgical coal
• Anthracite coal
• Sub-bituminous coal
• Lignite

8. Brazil - According to the Brazil Import Data, the valuation of the mineral fuels exported from Nigeria in 2023 - 6 billion US dollars.

Leading Mineral Fuels Export Variants

• Coal briquettes
• Coke
• Aromatic hydrocarbons
• Olefins
• Paraffin wax

9. Italy - According to the Italy Import Data, the valuation of the mineral fuels exported from Nigeria in 2023 - 5 billion US dollars.

Leading Mineral Fuels Export Variants

• Petroleum coke
• Shale oil
• Oil sands
• Biomass-derived fuels
• Synthetic crude oil

10. United Kingdom - According to the United Kingdom Import Data, the valuation of the mineral fuels exported from Nigeria in 2023 - 3 billion US dollars.

Leading Mineral Fuels Export Variants

• Aromatics
• Asphalt shingles
• UTar sand oil
• Biodiesel blends
• Rocket fuels

FAQ'S

Que. What is the export trade value of mineral fuels from Nigeria in 2023?
Ans. The export trade value of mineral fuels from Nigeria in 2023 is 100 billion US dollars.

Que. What is the top mineral fuel export of Nigeria in 2023?
Ans. Crude oil is the top mineral fuel export of Nigeria in 2023.

Que. Name the top mineral fuels export trade partner of Nigeria in 2023.
Ans. India is the top mineral fuels export trade partner of Nigeria in 2023.

Que. Where can you get the detailed trade analysis of the mineral fuels export of Nigeria in 2023?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the mineral fuels export of Nigeria in 2023.

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