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2022
Exports $57World Rnk 135 / 136
Flag Rnk 1033 / 1077
2022
Destination $57 Netherlands
2021 - 2022
FASTEST GROWING MARKET $57Netherlands
2022
PRODUCT COMPLEXITY IN Molasses-1.56Rnk 955 / 1025
2022
Imports $10.2kWorld Rnk 143 / 193
Flag Rnk 1130 / 1182
2022
Origin $3.57k Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $3.57kIndonesia
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $57 in Molasses, making it the 135th largest exporter of Molasses in the world. At the same year, Molasses was the 1033rd most exported product in Nigeria. The main destination of Molasses exports from Nigeria are: Netherlands ($57).

The fastest growing export markets for Molasses of Nigeria between 2021 and 2022 were Netherlands ($57).

Imports In 2022, Nigeria imported $10.2k in Molasses, becoming the 143rd largest importer of Molasses in the world. At the same year, Molasses was the 1130th most imported product in Nigeria. Nigeria imports Molasses primarily from: Indonesia ($7k), Lebanon ($3.21k), United States ($20), and Turkey ($12).

The fastest growing import markets in Molasses for Nigeria between 2021 and 2022 were Indonesia ($3.57k) and United States ($20).

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 Molasses. 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)$57
IMPORTS (2022)$10.2k
NET TRADE (2022)-$10.2k

In 2022, Nigeria exported $57 in Molasses. The main destinations of Nigeria exports on Molasses were Netherlands ($57).

In 2022, Nigeria imported $10.2k in Molasses, mainly from Indonesia ($7k), Lebanon ($3.21k), United States ($20), and Turkey ($12).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):Netherlands$57 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Nigeria WERE (2021 - 2022):Niger-$504 (-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 Molasses were:
India $348M
Indonesia $117M
Russia $80.8M
In 2022, Nigeria's main importing competitors in Molasses were:
United States $180M
United Kingdom $135M
Netherlands $112M

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $554
TOP IMPORT POTENTIALIndonesia+ $8.04k

Molasses’s highest export potential is United States. With an export gap of $554.   Molasses’s highest import potential is Indonesia with an import gap of $8.04k.

See methodology.

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