2023
Exports
$207kWorld Rnk 103 / 158
Flag Rnk 361 / 1096
2023
PRODUCT COMPLEXITY IN Corn
-1.03Rnk 838 / 1025
2023
Imports
$1.65MWorld Rnk 156 / 216
Flag Rnk 741 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $207k in Corn, making it the 103rd largest exporter of Corn in the world. At the same year, Corn was the 361st most exported product in Nigeria. The main destination of Corn exports from Nigeria are: Niger ($92.2k), United States ($77.4k), United Kingdom ($14.1k), Ghana ($9.91k), and Benin ($4.81k).

The fastest growing export markets for Corn of Nigeria between 2022 and 2023 were United States ($17.2k), Ghana ($9.9k), and United Kingdom ($8.98k).

Imports In 2023, Nigeria imported $1.65M in Corn, becoming the 156th largest importer of Corn in the world. At the same year, Corn was the 741st most imported product in Nigeria. Nigeria imports Corn primarily from: Argentina ($779k), Zambia ($473k), Togo ($105k), Benin ($98.3k), and Brazil ($79.1k).

The fastest growing import markets in Corn for Nigeria between 2022 and 2023 were Zambia ($293k), Togo ($105k), and Benin ($77.6k).

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 Corn. 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)$207k
IMPORTS (2023)$1.65M
NET TRADE (2023)-$1.45M

In 2023, Nigeria exported $207k in Corn. The main destinations of Nigeria exports on Corn were Niger ($92.2k), United States ($77.4k), United Kingdom ($14.1k), Ghana ($9.91k), and Benin ($4.81k).

In 2023, Nigeria imported $1.65M in Corn, mainly from Argentina ($779k), Zambia ($473k), Togo ($105k), Benin ($98.3k), and Brazil ($79.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Corn EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
United States$17.2k (28.5%)
Ghana$9.9k (61.8k%)
United Kingdom$8.98k (175%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Corn BY Nigeria WERE (2022 - 2023):
Niger-$109k (-54.2%)
Burkina Faso-$8.09k (-100%)
Canada-$3.23k (-45.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Corn were:
In 2023, Nigeria's main importing competitors in Corn were:
China $7.56B
Japan $4.52B

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Trade Value of Corn by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $103k
TOP IMPORT POTENTIALBrazil+ $772k

Corn’s highest export potential is United States. With an export gap of $103k.   Corn’s highest import potential is Brazil with an import gap of $772k.

See methodology.

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