2023
Exports
$100kWorld Rnk 97 / 163
Flag Rnk 448 / 1096
2023
PRODUCT COMPLEXITY IN Bananas
-1.96Rnk 995 / 1025
2023
Imports
$41.9kWorld Rnk 153 / 203
Flag Rnk 1086 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $100k in Bananas, making it the 97th largest exporter of Bananas in the world. At the same year, Bananas was the 448th most exported product in Nigeria. The main destination of Bananas exports from Nigeria are: Ghana ($31k), United Kingdom ($26k), Cote d'Ivoire ($14.7k), Canada ($11.7k), and United States ($5.86k).

The fastest growing export markets for Bananas of Nigeria between 2022 and 2023 were Ghana ($31k), United Kingdom ($15.1k), and Cote d'Ivoire ($14.7k).

Imports In 2023, Nigeria imported $41.9k in Bananas, becoming the 153rd largest importer of Bananas in the world. At the same year, Bananas was the 1086th most imported product in Nigeria. Nigeria imports Bananas primarily from: Netherlands ($33.1k), Cameroon ($3.93k), China ($3.16k), United Kingdom ($1.58k), and Sweden ($94).

The fastest growing import markets in Bananas for Nigeria between 2022 and 2023 were Netherlands ($15.8k), Cameroon ($3.93k), and United Kingdom ($1.58k).

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 Bananas. 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)$100k
IMPORTS (2023)$41.9k
NET TRADE (2023)$58.4k

In 2023, Nigeria exported $100k in Bananas. The main destinations of Nigeria exports on Bananas were Ghana ($31k), United Kingdom ($26k), Cote d'Ivoire ($14.7k), Canada ($11.7k), and United States ($5.86k).

In 2023, Nigeria imported $41.9k in Bananas, mainly from Netherlands ($33.1k), Cameroon ($3.93k), China ($3.16k), United Kingdom ($1.58k), and Sweden ($94).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bananas EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Ghana$31k (1%)
United Kingdom$15.1k (138%)
Cote d'Ivoire$14.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY Nigeria WERE (2022 - 2023):
Bahamas-$1.11k (-100%)
Germany-$301 (-100%)
New Zealand-$160 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Bananas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $20.9k
TOP IMPORT POTENTIALIndia+ $137k

Bananas’s highest export potential is United Kingdom. With an export gap of $20.9k.   Bananas’s highest import potential is India with an import gap of $137k.

See methodology.

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