2022
Exports
$75.7kWorld Rnk 105 / 148
Flag Rnk 457 / 1077
2022
PRODUCT COMPLEXITY IN Butter
0.015Rnk 543 / 1025
2022
Imports
$9.65MWorld Rnk 78 / 220
Flag Rnk 474 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $75.7k in Butter, making it the 105th largest exporter of Butter in the world. At the same year, Butter was the 457th most exported product in Nigeria. The main destination of Butter exports from Nigeria are: Benin ($51.8k), United States ($22.8k), United Arab Emirates ($622), Niger ($205), and South Africa ($79).

The fastest growing export markets for Butter of Nigeria between 2021 and 2022 were Benin ($44k), United States ($22.8k), and United Arab Emirates ($494).

Imports In 2022, Nigeria imported $9.65M in Butter, becoming the 78th largest importer of Butter in the world. At the same year, Butter was the 474th most imported product in Nigeria. Nigeria imports Butter primarily from: New Zealand ($6.28M), France ($822k), Denmark ($529k), United States ($385k), and Netherlands ($374k).

The fastest growing import markets in Butter for Nigeria between 2021 and 2022 were New Zealand ($3.07M), Denmark ($308k), and India ($203k).

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 Butter. 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)$75.7k
IMPORTS (2022)$9.65M
NET TRADE (2022)-$9.58M

In 2022, Nigeria exported $75.7k in Butter. The main destinations of Nigeria exports on Butter were Benin ($51.8k), United States ($22.8k), United Arab Emirates ($622), Niger ($205), and South Africa ($79).

In 2022, Nigeria imported $9.65M in Butter, mainly from New Zealand ($6.28M), France ($822k), Denmark ($529k), United States ($385k), and Netherlands ($374k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Benin$44k (560%)
United States$22.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Butter BY Nigeria WERE (2021 - 2022):
Kuwait-$406 (-100%)
Cameroon-$180 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $48.9k
TOP IMPORT POTENTIALNew Zealand+ $1.53M

Butter’s highest export potential is United States. With an export gap of $48.9k.   Butter’s highest import potential is New Zealand with an import gap of $1.53M.

See methodology.

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