Highest observed
Ireland
$117.0K/tPremium
Export price comparison
Nigeria oils: petroleum oils and oils obtained from bituminous minerals, crude export prices (HS6 270900)
Compare Nigeria export unit values across reported markets, then see which destinations sit above, near, or below their market median.
Price spread
22,266%Highest versus lowest market priceTotal trade value
$203.5BReported value across marketsAverage quantity
2,081,239 tAverage reported market quantityMarkets compared
55Markets with price observationsPrice snapshot
How does Nigeria price oils: petroleum oils and oils obtained from bituminous minerals, crude globally?
Nigeria has a median reported export price of $524.6/t across 55 markets. Across the reported period, the highest observed market price is $117.0K/t in Ireland; the lowest is $189.1/t in Malaysia.
Price range
From the lowest to highest reported price
Reported unit values are shown per metric ton. The range uses all reported market-year observations. The market comparison below shows the latest reported year for each destination.
Lowest
$189.1/tMalaysiaMedian
$524.6/tHighest
$117.0K/tIreland
$189.1/tMalaysiaMedian
$524.6/tHighest
$117.0K/tIreland
Lowest observed
Malaysia
$189.1/tPremium
Destination comparison
Latest prices and market change
Compare the latest reported price with each market median, then review year-over-year movement and change since the first reported year. Period totals use the reported years shown; missing years are not filled in.
USA, Puerto Rico and US Virgin Islands2023 · 2017–2023
Mid- Latest price
- $552.6/t
- Vs median
- +0.7%
- YoY (2022–2023)
- -22%
- Since 2017
- +37.7%
- Trade value (2017–2023)
- $20.8B
- Years reported
- 5
France2023 · 2017–2023
Mid- Latest price
- $673.3/t
- Vs median
- +0.4%
- YoY (2022–2023)
- -17.9%
- Since 2017
- +60.6%
- Trade value (2017–2023)
- $15.1B
- Years reported
- 5
Netherlands2023 · 2017–2023
Mid- Latest price
- $646.7/t
- Vs median
- -6.1%
- YoY (2022–2023)
- -14.7%
- Since 2017
- +55.5%
- Trade value (2017–2023)
- $14.9B
- Years reported
- 5
Spain2023 · 2017–2023
Mid- Latest price
- $607.0/t
- Vs median
- +1.4%
- YoY (2022–2023)
- -24%
- Since 2017
- +47.4%
- Trade value (2017–2023)
- $23.4B
- Years reported
- 5
Indonesia2023 · 2017–2023
Mid- Latest price
- $558.4/t
- Vs median
- -10.2%
- YoY (2022–2023)
- -15.6%
- Since 2017
- +53.2%
- Trade value (2017–2023)
- $10.9B
- Years reported
- 5
India2023 · 2017–2023
Mid- Latest price
- $688.5/t
- Vs median
- +9.7%
- YoY (2022–2023)
- -10.9%
- Since 2017
- +61.3%
- Trade value (2017–2023)
- $32.2B
- Years reported
- 5
Côte d'Ivoire2023 · 2019–2023
Mid- Latest price
- $675.2/t
- Vs median
- +0%
- YoY (2022–2023)
- -5.9%
- Since 2019
- +25.1%
- Trade value (2019–2023)
- $7.0B
- Years reported
- 4
South Africa2023 · 2017–2023
Mid- Latest price
- $678.7/t
- Vs median
- -8.2%
- YoY (2022–2023)
- -8.3%
- Since 2017
- +67%
- Trade value (2017–2023)
- $11.9B
- Years reported
- 5
Canada2023 · 2017–2023
Mid- Latest price
- $598.3/t
- Vs median
- -3.8%
- YoY (2022–2023)
- -14.9%
- Since 2017
- +49.1%
- Trade value (2017–2023)
- $4.7B
- Years reported
- 5
Germany2023 · 2017–2023
Mid- Latest price
- $682.1/t
- Vs median
- +8%
- YoY (2022–2023)
- -4.3%
- Since 2017
- +65.6%
- Trade value (2017–2023)
- $9.1B
- Years reported
- 5
United Kingdom2023 · 2017–2023
Mid- Latest price
- $617.7/t
- Vs median
- -1.8%
- YoY (2022–2023)
- -15.5%
- Since 2017
- +49.7%
- Trade value (2017–2023)
- $7.3B
- Years reported
- 5
Italy2023 · 2017–2023
Mid- Latest price
- $586.8/t
- Vs median
- -6.7%
- YoY (2022–2023)
- -14.3%
- Since 2017
- +51.2%
- Trade value (2017–2023)
- $6.3B
- Years reported
- 5
Turkey2023 · 2022–2023
Above- Latest price
- $828.3/t
- Vs median
- +50.1%
- YoY (2022–2023)
- -8.1%
- Since 2022
- -8.1%
- Trade value (2022–2023)
- $1.9B
- Years reported
- 2
Senegal2023 · 2019–2023
Below- Latest price
- $707.2/t
- Vs median
- -61.2%
- YoY (2022–2023)
- -23.9%
- Since 2019
- +34.6%
- Trade value (2019–2023)
- $2.3B
- Years reported
- 4
Sweden2023 · 2017–2023
Mid- Latest price
- $624.5/t
- Vs median
- -4.3%
- YoY (2022–2023)
- -26.2%
- Since 2017
- +49.9%
- Trade value (2017–2023)
- $5.1B
- Years reported
- 5
Malaysia2023 · 2017–2023
Above- Latest price
- $1.1K/t
- Vs median
- +66.8%
- YoY (2020–2023)
- +458.8%
- Since 2017
- +166.8%
- Trade value (2017–2023)
- $126.4M
- Years reported
- 4
Ireland2022 · 2017–2022
Above- Latest price
- $117.0K/t
- Vs median
- +12,014.7%
- YoY (2017–2022)
- +29,296.8%
- Since 2017
- +29,296.8%
- Trade value (2017–2022)
- $131.7M
- Years reported
- 2
| Market | Latest year | Latest price | Vs median | Year-over-year change | Since first year | Trade value (2017–2023) | Years reported | Position |
|---|---|---|---|---|---|---|---|---|
| USA, Puerto Rico and US Virgin Islands | 2023 | $552.6/t | +0.7% | -22% | +37.7% | $20.8B | 5 | Mid |
| France | 2023 | $673.3/t | +0.4% | -17.9% | +60.6% | $15.1B | 5 | Mid |
| Netherlands | 2023 | $646.7/t | -6.1% | -14.7% | +55.5% | $14.9B | 5 | Mid |
| Spain | 2023 | $607.0/t | +1.4% | -24% | +47.4% | $23.4B | 5 | Mid |
| Indonesia | 2023 | $558.4/t | -10.2% | -15.6% | +53.2% | $10.9B | 5 | Mid |
| India | 2023 | $688.5/t | +9.7% | -10.9% | +61.3% | $32.2B | 5 | Mid |
| Côte d'Ivoire | 2023 | $675.2/t | +0% | -5.9% | +25.1% | $7.0B | 4 | Mid |
| South Africa | 2023 | $678.7/t | -8.2% | -8.3% | +67% | $11.9B | 5 | Mid |
| Canada | 2023 | $598.3/t | -3.8% | -14.9% | +49.1% | $4.7B | 5 | Mid |
| Germany | 2023 | $682.1/t | +8% | -4.3% | +65.6% | $9.1B | 5 | Mid |
| United Kingdom | 2023 | $617.7/t | -1.8% | -15.5% | +49.7% | $7.3B | 5 | Mid |
| Italy | 2023 | $586.8/t | -6.7% | -14.3% | +51.2% | $6.3B | 5 | Mid |
| Turkey | 2023 | $828.3/t | +50.1% | -8.1% | -8.1% | $1.9B | 2 | Above |
| Senegal | 2023 | $707.2/t | -61.2% | -23.9% | +34.6% | $2.3B | 4 | Below |
| Sweden | 2023 | $624.5/t | -4.3% | -26.2% | +49.9% | $5.1B | 5 | Mid |
| Malaysia | 2023 | $1.1K/t | +66.8% | +458.8% | +166.8% | $126.4M | 4 | Above |
| Ireland | 2022 | $117.0K/t | +12,014.7% | +29,296.8% | +29,296.8% | $131.7M | 2 | Above |
Annual trend and growth
How reported export prices changed by year
Weighted unit value is calculated from total reported trade value divided by total reported quantity for each year. Growth compares with the prior reported year; gaps are not interpolated.
Reported weighted unit value per metric ton
2017$410.7/tFirst reported year
2019$497.7/t+21.2% vs prior reported year
2020$362.0/t-27.3% vs prior reported year
2022$754.1/t+108.3% vs prior reported year
2023$634.5/t-15.9% vs prior reported year
| Year | Weighted price | Change vs prior reported year | Trade value | Markets |
|---|---|---|---|---|
| 2017 | $410.7/t | Not reported | $33.5B | 32 |
| 2019 | $497.7/t | +21.2% | $45.3B | 37 |
| 2020 | $362.0/t | -27.3% | $29.2B | 40 |
| 2022 | $754.1/t | +108.3% | $50.2B | 34 |
| 2023 | $634.5/t | -15.9% | $45.3B | 45 |
Price history
How selected market prices changed over time
Recent reported unit values for the leading markets in this price view.
USA, Puerto Rico and US Virgin Islands
Mid$552.6/t latest reported unit value
France
Mid$673.3/t latest reported unit value
Netherlands
Mid$646.7/t latest reported unit value
Spain
Mid$607.0/t latest reported unit value
Indonesia
Mid$558.4/t latest reported unit value
Interpretation
Use price position with context
How to read this comparison
Where does the exporter sit in the price range?
Nigeria is compared with each market's own median rather than a single global average. A below-median position can indicate a lower observed unit value, while an above-median position indicates a higher one. Neither position alone establishes profitability.
Methodology and coverage
From reported trade to market position
The page turns reported trade into a comparable unit value, then compares each market with its own median.
Reported input
Unit value
For each market and year, trade value is divided by the reported quantity.
Unit valueTrade value (USD) ÷ Quantity (metric tons)
Market comparison
Vs market median
The result is compared with the median reported unit value for the same product and year.
Vs median(Market unit value − Market median) ÷ Market median × 100
AboveMidBelow
Common questions
Price positioning FAQ
What does Nigeria price positioning show for HS 270900?
It compares Nigeria's reported unit values across markets with each market's median for the same product and year.
What does above or below median mean?
Above median means the observed unit value is higher than the market median; below median means it is lower. It does not by itself indicate profit or quality.
How is the export price calculated?
The reported unit value is trade value divided by reported quantity, expressed per metric ton when quantity is available.
Can I compare this with the wider Oils: petroleum oils and oils obtained from bituminous minerals, crude market?
Yes. Use the product overview and methodology links to compare price positioning with market size, exporter reach, and reported trade history.
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