2022
Exports
$1.33MWorld Rnk 117 / 210
Flag Rnk 165 / 1077
2022
PRODUCT COMPLEXITY IN Baked Goods
-0.32Rnk 655 / 1025
2022
Imports
$20.7MWorld Rnk 126 / 226
Flag Rnk 345 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $1.33M in Baked Goods, making it the 117th largest exporter of Baked Goods in the world. At the same year, Baked Goods was the 165th most exported product in Nigeria. The main destination of Baked Goods exports from Nigeria are: Benin ($718k), Ghana ($246k), Niger ($169k), Togo ($73.7k), and United States ($30.6k).

The fastest growing export markets for Baked Goods of Nigeria between 2021 and 2022 were Benin ($51.5k), Togo ($46.5k), and United Kingdom ($18.5k).

Imports In 2022, Nigeria imported $20.7M in Baked Goods, becoming the 126th largest importer of Baked Goods in the world. At the same year, Baked Goods was the 345th most imported product in Nigeria. Nigeria imports Baked Goods primarily from: United Kingdom ($4.54M), China ($2.99M), Turkey ($2.27M), Colombia ($1.23M), and Netherlands ($1.17M).

The fastest growing import markets in Baked Goods for Nigeria between 2021 and 2022 were China ($1M), Belgium ($767k), and Netherlands ($526k).

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 Baked Goods. 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)$1.33M
IMPORTS (2022)$20.7M
NET TRADE (2022)-$19.3M

In 2022, Nigeria exported $1.33M in Baked Goods. The main destinations of Nigeria exports on Baked Goods were Benin ($718k), Ghana ($246k), Niger ($169k), Togo ($73.7k), and United States ($30.6k).

In 2022, Nigeria imported $20.7M in Baked Goods, mainly from United Kingdom ($4.54M), China ($2.99M), Turkey ($2.27M), Colombia ($1.23M), and Netherlands ($1.17M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Baked Goods EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Benin$51.5k (7.73%)
Togo$46.5k (172%)
United Kingdom$18.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Baked Goods BY Nigeria WERE (2021 - 2022):
Ghana-$438k (-64%)
Saudi Arabia-$300k (-100%)
Niger-$163k (-49%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Baked Goods were:
Germany $4.92B
Canada $4.75B
Italy $3.5B
In 2022, Nigeria's main importing competitors in Baked Goods were:

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Trade Value of Baked Goods by Exporters

Potential Exports

Potential Exports

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N/A
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Baked Goods’s highest export potential is N/A. With an export gap of N/A.   Baked Goods’s highest import potential is N/A with an import gap of N/A.

See methodology.

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