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2022
Exports $14MWorld Rnk 72 / 196
Flag Rnk 66 / 1077
2022
Destination $7.82M Germany
2021 - 2022
FASTEST GROWING MARKET $7.82MGermany
2022
PRODUCT COMPLEXITY IN Chocolate0.14Rnk 508 / 1025
2022
Imports $49.1MWorld Rnk 78 / 225
Flag Rnk 193 / 1182
2022
Origin $7.93M Ghana
2021 - 2022
FASTEST GROWING ORIGIN $7.93MGhana
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $14M in Chocolate, making it the 72nd largest exporter of Chocolate in the world. At the same year, Chocolate was the 66th most exported product in Nigeria. The main destination of Chocolate exports from Nigeria are: Germany ($7.89M), Netherlands ($3.78M), Singapore ($407k), Spain ($397k), and United States ($192k).

The fastest growing export markets for Chocolate of Nigeria between 2021 and 2022 were Germany ($7.82M), Netherlands ($3.49M), and Spain ($305k).

Imports In 2022, Nigeria imported $49.1M in Chocolate, becoming the 78th largest importer of Chocolate in the world. At the same year, Chocolate was the 193rd most imported product in Nigeria. Nigeria imports Chocolate primarily from: Ghana ($20.4M), Turkey ($6.73M), Netherlands ($4.98M), India ($4.59M), and China ($3.52M).

The fastest growing import markets in Chocolate for Nigeria between 2021 and 2022 were Ghana ($7.93M), Netherlands ($2.15M), and India ($2.06M).

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 Chocolate. 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)$14M
IMPORTS (2022)$49.1M
NET TRADE (2022)-$35.1M

In 2022, Nigeria exported $14M in Chocolate. The main destinations of Nigeria exports on Chocolate were Germany ($7.89M), Netherlands ($3.78M), Singapore ($407k), Spain ($397k), and United States ($192k).

In 2022, Nigeria imported $49.1M in Chocolate, mainly from Ghana ($20.4M), Turkey ($6.73M), Netherlands ($4.98M), India ($4.59M), and China ($3.52M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Germany$7.82M (10.9k%)
Netherlands$3.49M (1.23k%)
Spain$305k (334%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY Nigeria WERE (2021 - 2022):
Singapore-$1.05M (-72.1%)
United States-$591k (-75.5%)
Brazil-$419k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Chocolate were:
Germany $5.61B
Belgium $3.01B
Italy $2.46B
In 2022, Nigeria's main importing competitors in Chocolate were:
United States $3.81B
Germany $2.53B
France $2.33B

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Trade Value of Chocolate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.19M
TOP IMPORT POTENTIALItaly+ $2.46M

Chocolate’s highest export potential is Germany. With an export gap of $3.19M.   Chocolate’s highest import potential is Italy with an import gap of $2.46M.

See methodology.

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