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2022
Exports $85MWorld Rnk 10 / 194
Flag Rnk 21 / 1077
2022
Destination $4.65M India
2021 - 2022
FASTEST GROWING MARKET $4.65MGermany
2022
PRODUCT COMPLEXITY IN Spices-1.63Rnk 964 / 1025
2022
Imports $29.3MWorld Rnk 25 / 223
Flag Rnk 287 / 1182
2022
Origin $10.1M United Kingdom
2021 - 2022
FASTEST GROWING ORIGIN $10.1MUnited Kingdom
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $85M in Spices, making it the 10th largest exporter of Spices in the world. At the same year, Spices was the 21st most exported product in Nigeria. The main destination of Spices exports from Nigeria are: India ($18.7M), Germany ($17.5M), United Arab Emirates ($11.9M), Sudan ($7.82M), and United States ($6.03M).

The fastest growing export markets for Spices of Nigeria between 2021 and 2022 were Germany ($4.65M), Sudan ($4.63M), and India ($3.77M).

Imports In 2022, Nigeria imported $29.3M in Spices, becoming the 25th largest importer of Spices in the world. At the same year, Spices was the 287th most imported product in Nigeria. Nigeria imports Spices primarily from: United Kingdom ($11.3M), India ($5.24M), France ($4.6M), Morocco ($3.88M), and South Africa ($1.63M).

The fastest growing import markets in Spices for Nigeria between 2021 and 2022 were United Kingdom ($10.1M), South Africa ($427k), and China ($252k).

Latest Trends

Sep 2024

Subnational Monthly Trade

View
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 Spices. 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)$85M
IMPORTS (2022)$29.3M
NET TRADE (2022)$55.7M

In 2022, Nigeria exported $85M in Spices. The main destinations of Nigeria exports on Spices were India ($18.7M), Germany ($17.5M), United Arab Emirates ($11.9M), Sudan ($7.82M), and United States ($6.03M).

In 2022, Nigeria imported $29.3M in Spices, mainly from United Kingdom ($11.3M), India ($5.24M), France ($4.6M), Morocco ($3.88M), and South Africa ($1.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Germany$4.65M (36.1%)
Sudan$4.63M (145%)
India$3.77M (25.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Nigeria WERE (2021 - 2022):
China-$7.21M (-91.4%)
Saudi Arabia-$2.36M (-63.9%)
Egypt-$1.77M (-60.1%)
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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 Spices were:
India $538M
China $518M
Netherlands $203M
In 2022, Nigeria's main importing competitors in Spices were:
United States $364M
Germany $211M
Netherlands $167M

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.38M
TOP IMPORT POTENTIALIndia+ $2.4M

Spices’s highest export potential is United States. With an export gap of $6.38M.   Spices’s highest import potential is India with an import gap of $2.4M.

See methodology.

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