2023
Exports
$5.13kWorld Rnk 94 / 122
Flag Rnk 786 / 1096
2023
PRODUCT COMPLEXITY IN Vanilla
-2.02Rnk 1000 / 1025
2023
Imports
$217kWorld Rnk 58 / 190
Flag Rnk 981 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $5.13k in Vanilla, making it the 94th largest exporter of Vanilla in the world. At the same year, Vanilla was the 786th most exported product in Nigeria. The main destination of Vanilla exports from Nigeria are: Niger ($5.02k), Sweden ($94), Canada ($6), Angola ($4), and Ireland ($1).

The fastest growing export markets for Vanilla of Nigeria between 2022 and 2023 were Sweden ($94), Canada ($6), and Angola ($4).

Imports In 2023, Nigeria imported $217k in Vanilla, becoming the 58th largest importer of Vanilla in the world. At the same year, Vanilla was the 981st most imported product in Nigeria. Nigeria imports Vanilla primarily from: China ($112k), United Kingdom ($81.3k), Australia ($23.5k), Lebanon ($580), and France ($200).

The fastest growing import markets in Vanilla for Nigeria between 2022 and 2023 were China ($112k), United Kingdom ($81.3k), and Australia ($23.5k).

Latest Trends

Dec 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 Vanilla. 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 (2023)$5.13k
IMPORTS (2023)$217k
NET TRADE (2023)-$212k

In 2023, Nigeria exported $5.13k in Vanilla. The main destinations of Nigeria exports on Vanilla were Niger ($5.02k), Sweden ($94), Canada ($6), Angola ($4), and Ireland ($1).

In 2023, Nigeria imported $217k in Vanilla, mainly from China ($112k), United Kingdom ($81.3k), Australia ($23.5k), Lebanon ($580), and France ($200).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Vanilla EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Sweden$94 (1%)
Canada$6 (1%)
Angola$4 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vanilla BY Nigeria WERE (2022 - 2023):Niger-$20.3k (-80.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Vanilla were:
In 2023, Nigeria's main importing competitors in Vanilla were:

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Trade Value of Vanilla by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.28k
TOP IMPORT POTENTIALMadagascar+ $650

Vanilla’s highest export potential is United States. With an export gap of $1.28k.   Vanilla’s highest import potential is Madagascar with an import gap of $650.

See methodology.

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