2023
Exports
$550kWorld Rnk 58 / 153
Flag Rnk 247 / 1096
2023
PRODUCT COMPLEXITY IN Cocoa Powder
-0.7Rnk 759 / 1025
2023
Imports
$52.7kWorld Rnk 167 / 214
Flag Rnk 1073 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $550k in Cocoa Powder, making it the 58th largest exporter of Cocoa Powder in the world. At the same year, Cocoa Powder was the 247th most exported product in Nigeria. The main destination of Cocoa Powder exports from Nigeria are: Egypt ($339k), Netherlands ($80.1k), Estonia ($75.3k), Niger ($27.6k), and Finland ($14.1k).

The fastest growing export markets for Cocoa Powder of Nigeria between 2022 and 2023 were Egypt ($164k), Estonia ($75.3k), and Ghana ($4.55k).

Imports In 2023, Nigeria imported $52.7k in Cocoa Powder, becoming the 167th largest importer of Cocoa Powder in the world. At the same year, Cocoa Powder was the 1073rd most imported product in Nigeria. Nigeria imports Cocoa Powder primarily from: Indonesia ($38.1k), Lebanon ($8.14k), Turkey ($3.98k), Netherlands ($2.03k), and United Kingdom ($392).

The fastest growing import markets in Cocoa Powder for Nigeria between 2022 and 2023 were Indonesia ($38.1k), Lebanon ($3.3k), and Netherlands ($1.03k).

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 Cocoa Powder. 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)$550k
IMPORTS (2023)$52.7k
NET TRADE (2023)$497k

In 2023, Nigeria exported $550k in Cocoa Powder. The main destinations of Nigeria exports on Cocoa Powder were Egypt ($339k), Netherlands ($80.1k), Estonia ($75.3k), Niger ($27.6k), and Finland ($14.1k).

In 2023, Nigeria imported $52.7k in Cocoa Powder, mainly from Indonesia ($38.1k), Lebanon ($8.14k), Turkey ($3.98k), Netherlands ($2.03k), and United Kingdom ($392).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Powder EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Egypt$164k (93.3%)
Estonia$75.3k (685k%)
Ghana$4.55k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Powder BY Nigeria WERE (2022 - 2023):
Niger-$199k (-87.8%)
Netherlands-$129k (-61.7%)
South Africa-$50.5k (-94.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Cocoa Powder by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALNetherlands+ $135k
TOP IMPORT POTENTIALFrance+ $28k

Cocoa Powder’s highest export potential is Netherlands. With an export gap of $135k.   Cocoa Powder’s highest import potential is France with an import gap of $28k.

See methodology.

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