Cocoa Beans in Nigeria

EXPORTS (2018): $621M, World Rnk 4 / 112
Flag Rnk 4 / 849

TOP DESTINATION (2018): $262M, Netherlands

FASTEST GROWING MARKET (2017 - 2018): $39.7M, Indonesia

IMPORTS (2018): $86.6k, World Rnk 78 / 115
Flag Rnk 1056 / 1174

TOP ORIGIN (2018): $35k, China

FASTEST GROWING ORIGIN (2017 - 2018): $31.5k, Germany

ECONOMIC COMPLEXITY of Nigeria (2018): -1.75, Rnk 134 / 137

PRODUCT COMPLEXITY  IN Cocoa Beans (2018): -2.56, Rnk 1015 / 1018

Overview: This page contains the latest trade data of Cocoa Beans in Nigeria.

Exports: In 2018, Nigeria exported $621M in Cocoa Beans, making it the 4th largest exporter of Cocoa Beans in the world. At the same year, Cocoa Beans was the 4th most exported product in Nigeria. The main destination of Cocoa Beans exports from Nigeria are: Netherlands ($262M), Germany ($111M), Indonesia ($69.1M), Belgium-Luxembourg ($55.8M), and Malaysia ($40.4M).

The fastest growing export markets for Cocoa Beans of Nigeria between 2017 and 2018 were Indonesia ($39.7M), Belgium-Luxembourg ($8.84M), and Vietnam ($5.76M).

Imports: In 2018, Nigeria imported $86.6k in Cocoa Beans, becoming the 78th largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 1056th most imported product in Nigeria. Nigeria imports Cocoa Beans primarily from: China ($35k), Germany ($31.5k), Portugal ($17.3k), and United Arab Emirates ($2.83k).

The fastest growing import markets in Cocoa Beans for Nigeria between 2017 and 2018 were Germany ($31.5k), Portugal ($17.3k), and China ($3.74k).

Tariffs: In 2016, the average tariff for Nigeria in Cocoa Beans was 4.73%. The countries with the highest import tariffs for Cocoa Beans were Angola (5%), Burundi (5%), Botswana (5%), Central African Republic (5%), and Cameroon (5%).

Value

EXPORTS (2018): $621M

IMPORTS (2018): $86.6k

NET TRADE (2018): $621M

In 2018, Nigeria exported $621M in Cocoa Beans. The main destinations of Nigeria exports on Cocoa Beans were Netherlands ($262M), Germany ($111M), Indonesia ($69.1M), Belgium-Luxembourg ($55.8M), and Malaysia ($40.4M).

In 2018, Nigeria imported $86.6k in Cocoa Beans, mainly from China ($35k), Germany ($31.5k), Portugal ($17.3k), and United Arab Emirates ($2.83k).

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IN 2018, Nigeria HAD A POSITIVE NET TRADE IN Cocoa Beans WITH:

  • Netherlands, $262M ($262M - $0)
  • Germany, $111M ($111M - $31.5k)
  • Indonesia, $69.1M ($69.1M - $0)

IN 2018, Nigeria HAD A NEGATIVE NET TRADE IN Cocoa Beans WITH:

  • Portugal, -$17.3k ($0 - $17.3k)
  • United Arab Emirates, -$2.83k ($0 - $2.83k)
Flow

THE FASTEST GROWING Cocoa Beans EXPORT MARKETS FOR Nigeria WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Beans BY Nigeria WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Nigeria's main exporting competitors in Cocoa Beans were:

In 2018, Nigeria's main importing competitors in Cocoa Beans were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Cocoa Beans in Nigeria. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2016, the average tariff for Nigeria in Cocoa Beans was 4.73%.

The countries with the highest tariffs for Cocoa Beans in Nigeria were Angola (5%), Burundi (5%), Botswana (5%), Central African Republic (5%), and Cameroon (5%).

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