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2022
Exports $177kWorld Rnk 95 / 158
Flag Rnk 360 / 1077
2022
Destination $101k South Africa
2021 - 2022
FASTEST GROWING MARKET $101kSouth Africa
2022
PRODUCT COMPLEXITY IN Processed Cereals-0.77Rnk 775 / 1025
2022
Imports $33.5MWorld Rnk 19 / 218
Flag Rnk 260 / 1182
2022
Origin $4.11M China
2021 - 2022
FASTEST GROWING ORIGIN $4.11MUnited States
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $177k in Processed Cereals, making it the 95th largest exporter of Processed Cereals in the world. At the same year, Processed Cereals was the 360th most exported product in Nigeria. The main destination of Processed Cereals exports from Nigeria are: South Africa ($101k), Canada ($21.1k), United Kingdom ($13.7k), Netherlands ($13.6k), and United States ($12.1k).

The fastest growing export markets for Processed Cereals of Nigeria between 2021 and 2022 were South Africa ($101k), Netherlands ($13k), and United Kingdom ($12.2k).

Imports In 2022, Nigeria imported $33.5M in Processed Cereals, becoming the 19th largest importer of Processed Cereals in the world. At the same year, Processed Cereals was the 260th most imported product in Nigeria. Nigeria imports Processed Cereals primarily from: China ($11.6M), United Kingdom ($8.98M), United States ($5.44M), Italy ($2.42M), and Australia ($1.5M).

The fastest growing import markets in Processed Cereals for Nigeria between 2021 and 2022 were United States ($4.11M), United Kingdom ($2.74M), and Australia ($1.3M).

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 Processed Cereals. 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)$177k
IMPORTS (2022)$33.5M
NET TRADE (2022)-$33.3M

In 2022, Nigeria exported $177k in Processed Cereals. The main destinations of Nigeria exports on Processed Cereals were South Africa ($101k), Canada ($21.1k), United Kingdom ($13.7k), Netherlands ($13.6k), and United States ($12.1k).

In 2022, Nigeria imported $33.5M in Processed Cereals, mainly from China ($11.6M), United Kingdom ($8.98M), United States ($5.44M), Italy ($2.42M), and Australia ($1.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Cereals EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
South Africa$101k (272k%)
Netherlands$13k (2.33k%)
United Kingdom$12.2k (813%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Cereals BY Nigeria WERE (2021 - 2022):
United States-$9.93k (-45.2%)
Norway-$871 (-100%)
Kuwait-$264 (-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 Processed Cereals were:
Canada $502M
Germany $183M
United States $168M
In 2022, Nigeria's main importing competitors in Processed Cereals were:
United States $597M
Germany $131M
China $127M

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Trade Value of Processed Cereals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $46.3k
TOP IMPORT POTENTIALAustralia+ $407k

Processed Cereals’s highest export potential is United States. With an export gap of $46.3k.   Processed Cereals’s highest import potential is Australia with an import gap of $407k.

See methodology.

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