2022
Exports
$47.9MWorld Rnk 15 / 123
Flag Rnk 34 / 1077
2022
PRODUCT COMPLEXITY IN Cocoa Butter
-1.34Rnk 920 / 1025
2022
Imports
$14.4kWorld Rnk 129 / 179
Flag Rnk 1123 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $47.9M in Cocoa Butter, making it the 15th largest exporter of Cocoa Butter in the world. At the same year, Cocoa Butter was the 34th most exported product in Nigeria. The main destination of Cocoa Butter exports from Nigeria are: Germany ($39.1M), Netherlands ($5.07M), United Kingdom ($2.74M), Estonia ($554k), and France ($178k).

The fastest growing export markets for Cocoa Butter of Nigeria between 2021 and 2022 were Germany ($16.1M), United Kingdom ($2.74M), and Estonia ($554k).

Imports In 2022, Nigeria imported $14.4k in Cocoa Butter, becoming the 129th largest importer of Cocoa Butter in the world. At the same year, Cocoa Butter was the 1123rd most imported product in Nigeria. Nigeria imports Cocoa Butter primarily from: Spain ($6.06k), Kenya ($5.39k), Germany ($2.63k), Turkey ($311), and United Kingdom ($11).

The fastest growing import markets in Cocoa Butter for Nigeria between 2021 and 2022 were Spain ($6.06k), Kenya ($5.39k), and Germany ($2.63k).

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 Cocoa 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)$47.9M
IMPORTS (2022)$14.4k
NET TRADE (2022)$47.9M

In 2022, Nigeria exported $47.9M in Cocoa Butter. The main destinations of Nigeria exports on Cocoa Butter were Germany ($39.1M), Netherlands ($5.07M), United Kingdom ($2.74M), Estonia ($554k), and France ($178k).

In 2022, Nigeria imported $14.4k in Cocoa Butter, mainly from Spain ($6.06k), Kenya ($5.39k), Germany ($2.63k), Turkey ($311), and United Kingdom ($11).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Butter EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Germany$16.1M (70.2%)
United Kingdom$2.74M (233k%)
Estonia$554k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Butter BY Nigeria WERE (2021 - 2022):
France-$4.96M (-96.5%)
Netherlands-$4.47M (-46.9%)
Serbia-$1.16M (-92.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cocoa Butter by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $7.14M
TOP IMPORT POTENTIALGermany+ $6.33k

Cocoa Butter’s highest export potential is Germany. With an export gap of $7.14M.   Cocoa Butter’s highest import potential is Germany with an import gap of $6.33k.

See methodology.

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