2023
Exports
$36.1MWorld Rnk 58 / 202
Flag Rnk 42 / 1096
2023
PRODUCT COMPLEXITY IN Chocolate
0.3Rnk 459 / 1025
2023
Imports
$55.4MWorld Rnk 76 / 225
Flag Rnk 162 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $36.1M in Chocolate, making it the 58th largest exporter of Chocolate in the world. At the same year, Chocolate was the 42nd most exported product in Nigeria. The main destination of Chocolate exports from Nigeria are: Germany ($19.9M), Netherlands ($13M), Mexico ($1.28M), Estonia ($542k), and Togo ($245k).

The fastest growing export markets for Chocolate of Nigeria between 2022 and 2023 were Germany ($12M), Netherlands ($9.52M), and Mexico ($1.2M).

Imports In 2023, Nigeria imported $55.4M in Chocolate, becoming the 76th largest importer of Chocolate in the world. At the same year, Chocolate was the 162nd most imported product in Nigeria. Nigeria imports Chocolate primarily from: Ghana ($30.4M), Turkey ($5.45M), Netherlands ($4.95M), China ($4.51M), and India ($2.45M).

The fastest growing import markets in Chocolate for Nigeria between 2022 and 2023 were Ghana ($9.5M), China ($1.26M), and United Arab Emirates ($1.12M).

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 Chocolate. 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)$36.1M
IMPORTS (2023)$55.4M
NET TRADE (2023)-$19.3M

In 2023, Nigeria exported $36.1M in Chocolate. The main destinations of Nigeria exports on Chocolate were Germany ($19.9M), Netherlands ($13M), Mexico ($1.28M), Estonia ($542k), and Togo ($245k).

In 2023, Nigeria imported $55.4M in Chocolate, mainly from Ghana ($30.4M), Turkey ($5.45M), Netherlands ($4.95M), China ($4.51M), and India ($2.45M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Germany$12M (152%)
Netherlands$9.52M (273%)
Mexico$1.2M (1.55k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY Nigeria WERE (2022 - 2023):
Spain-$396k (-99.8%)
Singapore-$286k (-67.3%)
Indonesia-$151k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Chocolate were:
Germany $6.26B
Belgium $4.09B
Italy $2.74B
In 2023, Nigeria's main importing competitors in Chocolate were:

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Trade Value of Chocolate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.19M
TOP IMPORT POTENTIALItaly+ $2.46M

Chocolate’s highest export potential is Germany. With an export gap of $3.19M.   Chocolate’s highest import potential is Italy with an import gap of $2.46M.

See methodology.

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