2022
Exports
$2.71kWorld Rnk 102 / 125
Flag Rnk 831 / 1077
2022
PRODUCT COMPLEXITY IN Aldehydes
0.96Rnk 186 / 1025
2022
Imports
$19.4MWorld Rnk 29 / 193
Flag Rnk 354 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $2.71k in Aldehydes, making it the 102nd largest exporter of Aldehydes in the world. At the same year, Aldehydes was the 831st most exported product in Nigeria. The main destination of Aldehydes exports from Nigeria are: Benin ($1.49k) and Togo ($1.22k).

The fastest growing export markets for Aldehydes of Nigeria between 2021 and 2022 were Togo ($1.22k) and Benin ($1.09k).

Imports In 2022, Nigeria imported $19.4M in Aldehydes, becoming the 29th largest importer of Aldehydes in the world. At the same year, Aldehydes was the 354th most imported product in Nigeria. Nigeria imports Aldehydes primarily from: China ($11.1M), United Arab Emirates ($2.62M), Belgium ($1.55M), Egypt ($1.45M), and Oman ($1.09M).

The fastest growing import markets in Aldehydes for Nigeria between 2021 and 2022 were Oman ($1.07M), France ($760k), and United Arab Emirates ($278k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Aldehydes. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.71k
IMPORTS (2022)$19.4M
NET TRADE (2022)-$19.4M

In 2022, Nigeria exported $2.71k in Aldehydes. The main destinations of Nigeria exports on Aldehydes were Benin ($1.49k) and Togo ($1.22k).

In 2022, Nigeria imported $19.4M in Aldehydes, mainly from China ($11.1M), United Arab Emirates ($2.62M), Belgium ($1.55M), Egypt ($1.45M), and Oman ($1.09M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Aldehydes EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Togo$1.22k (1%)
Benin$1.09k (276%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Aldehydes were:
In 2022, Nigeria's main importing competitors in Aldehydes were:

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Trade Value of Aldehydes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $854
TOP IMPORT POTENTIALChina+ $731k

Aldehydes’s highest export potential is United States. With an export gap of $854.   Aldehydes’s highest import potential is China with an import gap of $731k.

See methodology.

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