2023
Exports
$363MWorld Rnk 6 / 176
Flag Rnk 7 / 1096
2023
PRODUCT COMPLEXITY IN Coconuts, Brazil Nuts, and Cashews
-2.62Rnk 1022 / 1025
2023
Imports
$5.59MWorld Rnk 76 / 215
Flag Rnk 547 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $363M in Coconuts, Brazil Nuts, and Cashews, making it the 6th largest exporter of Coconuts, Brazil Nuts, and Cashews in the world. At the same year, Coconuts, Brazil Nuts, and Cashews was the 7th most exported product in Nigeria. The main destination of Coconuts, Brazil Nuts, and Cashews exports from Nigeria are: Vietnam ($243M), India ($92M), United States ($7.47M), Germany ($4.7M), and United Arab Emirates ($3.51M).

The fastest growing export markets for Coconuts, Brazil Nuts, and Cashews of Nigeria between 2022 and 2023 were Vietnam ($66.6M), Germany ($2.01M), and United Arab Emirates ($969k).

Imports In 2023, Nigeria imported $5.59M in Coconuts, Brazil Nuts, and Cashews, becoming the 76th largest importer of Coconuts, Brazil Nuts, and Cashews in the world. At the same year, Coconuts, Brazil Nuts, and Cashews was the 547th most imported product in Nigeria. Nigeria imports Coconuts, Brazil Nuts, and Cashews primarily from: China ($2.63M), Mongolia ($705k), Ghana ($692k), United Arab Emirates ($649k), and United Kingdom ($262k).

The fastest growing import markets in Coconuts, Brazil Nuts, and Cashews for Nigeria between 2022 and 2023 were China ($2.61M), Mongolia ($705k), and Ghana ($521k).

Latest Trends

Dec 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 Coconuts, Brazil Nuts, and Cashews. 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 (2023)$363M
IMPORTS (2023)$5.59M
NET TRADE (2023)$358M

In 2023, Nigeria exported $363M in Coconuts, Brazil Nuts, and Cashews. The main destinations of Nigeria exports on Coconuts, Brazil Nuts, and Cashews were Vietnam ($243M), India ($92M), United States ($7.47M), Germany ($4.7M), and United Arab Emirates ($3.51M).

In 2023, Nigeria imported $5.59M in Coconuts, Brazil Nuts, and Cashews, mainly from China ($2.63M), Mongolia ($705k), Ghana ($692k), United Arab Emirates ($649k), and United Kingdom ($262k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Coconuts, Brazil Nuts, and Cashews EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Vietnam$66.6M (37.7%)
Germany$2.01M (75%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coconuts, Brazil Nuts, and Cashews BY Nigeria WERE (2022 - 2023):
India-$27.7M (-23.1%)
United States-$7.56M (-50.3%)
Qatar-$1.15M (-56.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Coconuts, Brazil Nuts, and Cashews were:
In 2023, Nigeria's main importing competitors in Coconuts, Brazil Nuts, and Cashews were:

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Trade Value of Coconuts, Brazil Nuts, and Cashews by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $24.7M
TOP IMPORT POTENTIALGhana+ $300k

Coconuts, Brazil Nuts, and Cashews’s highest export potential is India. With an export gap of $24.7M.   Coconuts, Brazil Nuts, and Cashews’s highest import potential is Ghana with an import gap of $300k.

See methodology.

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