2022
Exports
$29.6kWorld Rnk 81 / 119
Flag Rnk 566 / 1077
2022
PRODUCT COMPLEXITY IN Malt
-0.089Rnk 575 / 1025
2022
Imports
$77.7MWorld Rnk 14 / 194
Flag Rnk 138 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $29.6k in Malt, making it the 81st largest exporter of Malt in the world. At the same year, Malt was the 566th most exported product in Nigeria. The main destination of Malt exports from Nigeria are: United Kingdom ($13.2k), Switzerland ($7.02k), Ghana ($5.96k), Australia ($3.22k), and Netherlands ($187).

The fastest growing export markets for Malt of Nigeria between 2021 and 2022 were United Kingdom ($7.12k), Switzerland ($7.02k), and Ghana ($5.96k).

Imports In 2022, Nigeria imported $77.7M in Malt, becoming the 14th largest importer of Malt in the world. At the same year, Malt was the 138th most imported product in Nigeria. Nigeria imports Malt primarily from: Belgium ($32M), France ($24.3M), Germany ($9.06M), Russia ($7.77M), and Netherlands ($2.2M).

The fastest growing import markets in Malt for Nigeria between 2021 and 2022 were Germany ($9.06M), Russia ($4.97M), and Ukraine ($113k).

Latest Trends

Aug 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 Malt. 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)$29.6k
IMPORTS (2022)$77.7M
NET TRADE (2022)-$77.6M

In 2022, Nigeria exported $29.6k in Malt. The main destinations of Nigeria exports on Malt were United Kingdom ($13.2k), Switzerland ($7.02k), Ghana ($5.96k), Australia ($3.22k), and Netherlands ($187).

In 2022, Nigeria imported $77.7M in Malt, mainly from Belgium ($32M), France ($24.3M), Germany ($9.06M), Russia ($7.77M), and Netherlands ($2.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Malt EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
United Kingdom$7.12k (117%)
Switzerland$7.02k (1%)
Ghana$5.96k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Malt BY Nigeria WERE (2021 - 2022):
Benin-$952 (-100%)
Cameroon-$574 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Malt were:
In 2022, Nigeria's main importing competitors in Malt were:

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Trade Value of Malt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $13k
TOP IMPORT POTENTIALGermany+ $1.15M

Malt’s highest export potential is United Kingdom. With an export gap of $13k.   Malt’s highest import potential is Germany with an import gap of $1.15M.

See methodology.

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