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2022
Exports $53.3kWorld Rnk 87 / 146
Flag Rnk 505 / 1077
2022
Destination $4.85k Niger
2021 - 2022
FASTEST GROWING MARKET $4.85kMauritania
2022
PRODUCT COMPLEXITY IN Petroleum Jelly-0.22Rnk 621 / 1025
2022
Imports $61MWorld Rnk 19 / 209
Flag Rnk 163 / 1182
2022
Origin $9.69M India
2021 - 2022
FASTEST GROWING ORIGIN $9.69MIndia
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $53.3k in Petroleum Jelly, making it the 87th largest exporter of Petroleum Jelly in the world. At the same year, Petroleum Jelly was the 505th most exported product in Nigeria. The main destination of Petroleum Jelly exports from Nigeria are: Niger ($48.2k), Mauritania ($4.85k), Benin ($198), and Hungary ($5).

The fastest growing export markets for Petroleum Jelly of Nigeria between 2021 and 2022 were Mauritania ($4.85k) and Hungary ($5).

Imports In 2022, Nigeria imported $61M in Petroleum Jelly, becoming the 19th largest importer of Petroleum Jelly in the world. At the same year, Petroleum Jelly was the 163rd most imported product in Nigeria. Nigeria imports Petroleum Jelly primarily from: India ($25.1M), United Arab Emirates ($13.4M), Germany ($8.7M), Egypt ($5.37M), and South Africa ($2.76M).

The fastest growing import markets in Petroleum Jelly for Nigeria between 2021 and 2022 were India ($9.69M), United Arab Emirates ($3.87M), and Egypt ($3.16M).

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 Petroleum Jelly. 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)$53.3k
IMPORTS (2022)$61M
NET TRADE (2022)-$60.9M

In 2022, Nigeria exported $53.3k in Petroleum Jelly. The main destinations of Nigeria exports on Petroleum Jelly were Niger ($48.2k), Mauritania ($4.85k), Benin ($198), and Hungary ($5).

In 2022, Nigeria imported $61M in Petroleum Jelly, mainly from India ($25.1M), United Arab Emirates ($13.4M), Germany ($8.7M), Egypt ($5.37M), and South Africa ($2.76M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Jelly EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Mauritania$4.85k (1%)
Hungary$5 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Jelly BY Nigeria WERE (2021 - 2022):
Niger-$61.2k (-55.9%)
Cameroon-$49.4k (-100%)
Benin-$774 (-79.6%)
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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 Petroleum Jelly were:
China $1.26B
United States $466M
Germany $381M
In 2022, Nigeria's main importing competitors in Petroleum Jelly were:
United States $522M
Germany $447M
Canada $398M

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Trade Value of Petroleum Jelly by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.73k
TOP IMPORT POTENTIALChina+ $2.71M

Petroleum Jelly’s highest export potential is United States. With an export gap of $1.73k.   Petroleum Jelly’s highest import potential is China with an import gap of $2.71M.

See methodology.

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