2022
Exports
$150kWorld Rnk 86 / 149
Flag Rnk 374 / 1077
2022
PRODUCT COMPLEXITY IN Cereal Meal and Pellets
-1.07Rnk 850 / 1025
2022
Imports
$5.6MWorld Rnk 52 / 211
Flag Rnk 568 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $150k in Cereal Meal and Pellets, making it the 86th largest exporter of Cereal Meal and Pellets in the world. At the same year, Cereal Meal and Pellets was the 374th most exported product in Nigeria. The main destination of Cereal Meal and Pellets exports from Nigeria are: United States ($72.7k), Canada ($37.8k), South Africa ($13.8k), Benin ($10.3k), and Niger ($5.95k).

The fastest growing export markets for Cereal Meal and Pellets of Nigeria between 2021 and 2022 were South Africa ($6.32k), Niger ($5.67k), and Antigua and Barbuda ($908).

Imports In 2022, Nigeria imported $5.6M in Cereal Meal and Pellets, becoming the 52nd largest importer of Cereal Meal and Pellets in the world. At the same year, Cereal Meal and Pellets was the 568th most imported product in Nigeria. Nigeria imports Cereal Meal and Pellets primarily from: China ($1.58M), India ($1.13M), Turkey ($879k), United Kingdom ($651k), and Ukraine ($212k).

The fastest growing import markets in Cereal Meal and Pellets for Nigeria between 2021 and 2022 were Turkey ($514k), Hong Kong ($78.8k), and Colombia ($55.5k).

Latest Trends

Oct 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 Cereal Meal and Pellets. 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)$150k
IMPORTS (2022)$5.6M
NET TRADE (2022)-$5.45M

In 2022, Nigeria exported $150k in Cereal Meal and Pellets. The main destinations of Nigeria exports on Cereal Meal and Pellets were United States ($72.7k), Canada ($37.8k), South Africa ($13.8k), Benin ($10.3k), and Niger ($5.95k).

In 2022, Nigeria imported $5.6M in Cereal Meal and Pellets, mainly from China ($1.58M), India ($1.13M), Turkey ($879k), United Kingdom ($651k), and Ukraine ($212k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cereal Meal and Pellets EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
South Africa$6.32k (85.1%)
Niger$5.67k (2.08k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cereal Meal and Pellets BY Nigeria WERE (2021 - 2022):
United States-$64.3k (-46.9%)
Canada-$16.8k (-30.8%)
Benin-$13.5k (-56.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Cereal Meal and Pellets were:
In 2022, Nigeria's main importing competitors in Cereal Meal and Pellets were:

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Trade Value of Cereal Meal and Pellets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $105k
TOP IMPORT POTENTIALIndia+ $314k

Cereal Meal and Pellets’s highest export potential is United States. With an export gap of $105k.   Cereal Meal and Pellets’s highest import potential is India with an import gap of $314k.

See methodology.

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