2022
Exports
$328kWorld Rnk 81 / 152
Flag Rnk 289 / 1077
2022
PRODUCT COMPLEXITY IN Starches
-0.6Rnk 726 / 1025
2022
Imports
$27.6MWorld Rnk 31 / 216
Flag Rnk 294 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $328k in Starches, making it the 81st largest exporter of Starches in the world. At the same year, Starches was the 289th most exported product in Nigeria. The main destination of Starches exports from Nigeria are: United States ($106k), Ghana ($90.6k), Canada ($43.6k), Netherlands ($42k), and United Arab Emirates ($24.7k).

The fastest growing export markets for Starches of Nigeria between 2021 and 2022 were Netherlands ($30.6k), Canada ($13.7k), and United Arab Emirates ($11.6k).

Imports In 2022, Nigeria imported $27.6M in Starches, becoming the 31st largest importer of Starches in the world. At the same year, Starches was the 294th most imported product in Nigeria. Nigeria imports Starches primarily from: Turkey ($11.1M), China ($6.39M), India ($4.99M), Argentina ($1.69M), and Egypt ($1.39M).

The fastest growing import markets in Starches for Nigeria between 2021 and 2022 were United Arab Emirates ($212k), Thailand ($75.9k), and Netherlands ($67.6k).

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 Starches. 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)$328k
IMPORTS (2022)$27.6M
NET TRADE (2022)-$27.3M

In 2022, Nigeria exported $328k in Starches. The main destinations of Nigeria exports on Starches were United States ($106k), Ghana ($90.6k), Canada ($43.6k), Netherlands ($42k), and United Arab Emirates ($24.7k).

In 2022, Nigeria imported $27.6M in Starches, mainly from Turkey ($11.1M), China ($6.39M), India ($4.99M), Argentina ($1.69M), and Egypt ($1.39M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Starches EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Netherlands$30.6k (271%)
Canada$13.7k (45.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Starches BY Nigeria WERE (2021 - 2022):
Ghana-$66.9k (-42.5%)
Italy-$10.6k (-100%)
United Kingdom-$5.11k (-98.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Starches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $155k
TOP IMPORT POTENTIALIndia+ $1.75M

Starches’s highest export potential is United States. With an export gap of $155k.   Starches’s highest import potential is India with an import gap of $1.75M.

See methodology.

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