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2022
Exports $52World Rnk 73 / 80
Flag Rnk 1035 / 1077
2022
Destination $52 Belgium
2021 - 2022
FASTEST GROWING MARKET $52Belgium
2022
Imports $484World Rnk 133 / 154
Flag Rnk 1172 / 1182
2022
Origin $406 Italy
2021 - 2022
FASTEST GROWING ORIGIN $406Italy
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $52 in Animal Extracts, making it the 73rd largest exporter of Animal Extracts in the world. At the same year, Animal Extracts was the 1035th most exported product in Nigeria. The main destination of Animal Extracts exports from Nigeria are: Belgium ($52).

The fastest growing export markets for Animal Extracts of Nigeria between 2021 and 2022 were Belgium ($52).

Imports In 2022, Nigeria imported $484 in Animal Extracts, becoming the 133rd largest importer of Animal Extracts in the world. At the same year, Animal Extracts was the 1172nd most imported product in Nigeria. Nigeria imports Animal Extracts primarily from: Italy ($406) and United States ($78).

The fastest growing import markets in Animal Extracts for Nigeria between 2021 and 2022 were Italy ($406) and United States ($78).

Latest Trends

Jul 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 Animal Extracts. 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)$52
IMPORTS (2022)$484
NET TRADE (2022)-$432

In 2022, Nigeria exported $52 in Animal Extracts. The main destinations of Nigeria exports on Animal Extracts were Belgium ($52).

In 2022, Nigeria imported $484 in Animal Extracts, mainly from Italy ($406) and United States ($78).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Extracts EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):Belgium$52 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Extracts BY Nigeria WERE (2021 - 2022):Iceland-$57 (-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 Animal Extracts were:
New Zealand $32M
Italy $28.2M
China $25.8M
In 2022, Nigeria's main importing competitors in Animal Extracts were:
United States $37M
Japan $35.9M
Germany $26.5M

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Trade Value of Animal Extracts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $468
TOP IMPORT POTENTIALItaly+ $697

Animal Extracts’s highest export potential is United States. With an export gap of $468.   Animal Extracts’s highest import potential is Italy with an import gap of $697.

See methodology.

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