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Pricing

2022
Exports $25.4kWorld Rnk 73 / 121
Flag Rnk 581 / 1077
falsefalse Niger
2021 - 2022
FASTEST GROWING MARKETfalseNiger
2022
PRODUCT COMPLEXITY IN Vanilla-1.9Rnk 988 / 1025
2022
Imports $516World Rnk 166 / 198
Flag Rnk 1170 / 1182
2021 - 2022
FASTEST GROWING ORIGINfalsefalse
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $25.4k in Vanilla, making it the 73rd largest exporter of Vanilla in the world. At the same year, Vanilla was the 581st most exported product in Nigeria. The main destination of Vanilla exports from Nigeria are: Niger ($25.4k).

The fastest growing export markets for Vanilla of Nigeria between 2021 and 2022 were Niger ($25.4k).

Imports In 2022, Nigeria imported $516 in Vanilla, becoming the 166th largest importer of Vanilla in the world. At the same year, Vanilla was the 1170th most imported product in Nigeria. Nigeria imports Vanilla primarily from: Turkey ($507) and South Africa ($9).

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 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 (2022)$25.4k
IMPORTS (2022)$516
NET TRADE (2022)$24.8k

In 2022, Nigeria exported $25.4k in Vanilla. The main destinations of Nigeria exports on Vanilla were Niger ($25.4k).

In 2022, Nigeria imported $516 in Vanilla, mainly from Turkey ($507) and South Africa ($9).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vanilla EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):Niger$25.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vanilla BY Nigeria WERE (2021 - 2022):Botswana-$2 (-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 Vanilla were:
Madagascar $583M
France $60.3M
Uganda $44.5M
In 2022, Nigeria's main importing competitors in Vanilla were:
United States $348M
France $203M
Germany $73.7M

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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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