2022
Exports
$2.26MWorld Rnk 89 / 195
Flag Rnk 128 / 1077
2022
PRODUCT COMPLEXITY IN Confectionery Sugar
-0.72Rnk 763 / 1025
2022
Imports
$34.8MWorld Rnk 68 / 224
Flag Rnk 247 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $2.26M in Confectionery Sugar, making it the 89th largest exporter of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 128th most exported product in Nigeria. The main destination of Confectionery Sugar exports from Nigeria are: Ghana ($1.84M), Niger ($153k), Cote d'Ivoire ($46k), Qatar ($34.3k), and Togo ($33.5k).

The fastest growing export markets for Confectionery Sugar of Nigeria between 2021 and 2022 were Ghana ($862k), United Arab Emirates ($15.2k), and Italy ($15k).

Imports In 2022, Nigeria imported $34.8M in Confectionery Sugar, becoming the 68th largest importer of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 247th most imported product in Nigeria. Nigeria imports Confectionery Sugar primarily from: India ($8.78M), China ($8.73M), Turkey ($7.28M), Colombia ($2.95M), and Brazil ($1.44M).

The fastest growing import markets in Confectionery Sugar for Nigeria between 2021 and 2022 were Turkey ($1.08M), Egypt ($832k), and Spain ($498k).

Latest Trends

Sep 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 Confectionery Sugar. 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)$2.26M
IMPORTS (2022)$34.8M
NET TRADE (2022)-$32.5M

In 2022, Nigeria exported $2.26M in Confectionery Sugar. The main destinations of Nigeria exports on Confectionery Sugar were Ghana ($1.84M), Niger ($153k), Cote d'Ivoire ($46k), Qatar ($34.3k), and Togo ($33.5k).

In 2022, Nigeria imported $34.8M in Confectionery Sugar, mainly from India ($8.78M), China ($8.73M), Turkey ($7.28M), Colombia ($2.95M), and Brazil ($1.44M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Confectionery Sugar EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Ghana$862k (87.7%)
United Arab Emirates$15.2k (218k%)
Italy$15k (556%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Confectionery Sugar BY Nigeria WERE (2021 - 2022):
Cameroon-$448k (-100%)
Togo-$80.4k (-70.6%)
Kuwait-$29.3k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Confectionery Sugar were:
Germany $1.76B
China $1.38B
Mexico $1.12B
In 2022, Nigeria's main importing competitors in Confectionery Sugar were:

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Trade Value of Confectionery Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $192k
TOP IMPORT POTENTIALChina+ $3.03M

Confectionery Sugar’s highest export potential is United States. With an export gap of $192k.   Confectionery Sugar’s highest import potential is China with an import gap of $3.03M.

See methodology.

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