Crude Oil Importation and Exportation in Nigeria: An Exploratory and Comparative Study

P. E. Oguntunde, O. O. Ojo, O. A. Oguntunde, H. I. Okagbue


Nigeria is an oil producing country and crude oil is an important asset to its economy. This research focuses on the analysis of importation and exportation of crude oil products (measured in million barrels). Comparisons between the total importation and exportation were made and descriptive analysis was performed on the crude oil components. Poisson regression was used to establish the relationship between total importation and the importation of the petroleum products under consideration. The results show that Nigeria makes more importation than exportation of these products.


crude oil; exploratory data analysis; exportation; importation; Nigeria

Full Text:


References, Crude Oil Mineral Resources in Nigeria and the States deposits, available at:

T. A. Adedosu, O. O. Sonibare, “Characterization of Niger Delta Crude Oil by Infrared Spectroscopy”, Journal of Applied Sciences, Vol. 5, pp. 906-909, 2005

A. E. Ite, U. J. Ibok, M. U. Ite, S. W. Peters, “Petroleum Exploration and Production: Past and Present Environmental Issues in the Nigeria’s Niger Delta”, American Journal of Environmental Protection, Vo. 1, No. 4, pp. 78-90, 2013

A. A. Akinlo, “How important is Oil in Nigeria’s Economic Growth?”, Journal of Sustainable Development, Vol. 5, No. 4, pp. 165-179, 2012

OpenData for The National Bureau of Statistics, Nigeria Crude Oil and Petroleum Products Import and Export 1986-2010, available at:

roleum-products-import-and-export-1986-2010, 2015

P. E. Oguntunde, A. O. Adebowale, H. I. Okagbue, “Breast cancer patients in Nigeria: data exploration approach”, Data in Brief, Vol. 15, pp. 47-57, 2017

P. E. Oguntunde, O. A. Adejumo, O. A. Odetunmibi, H. I. Okagbue, A. O. Adejumo, “Data analysis on physical and mechanical properties of cassava pellets”, Data in Brief, Vol. 16 , pp. 286-302, 2018

P. E. Oguntunde, H. I. Okagbue, P. I. Adamu, O. A. Oguntunde, S. J. Oluwatunde, A. A. Opanuga, “Statistical analysis of bank deposits dataset”, Data in Brief, Vol. 18, pp. 864-872, 2018

eISSN: 1792-8036     pISSN: 2241-4487