2022
Exports
$153kWorld Rnk 106 / 187
Flag Rnk 372 / 1077
2022
PRODUCT COMPLEXITY IN Industrial Food Preperation Machinery
0.74Rnk 263 / 1025
2022
Imports
$117MWorld Rnk 33 / 221
Flag Rnk 96 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $153k in Industrial Food Preperation Machinery, making it the 106th largest exporter of Industrial Food Preperation Machinery in the world. At the same year, Industrial Food Preperation Machinery was the 372nd most exported product in Nigeria. The main destination of Industrial Food Preperation Machinery exports from Nigeria are: Benin ($43.9k), Italy ($33.7k), Turkey ($33k), Niger ($27.5k), and South Africa ($8.3k).

The fastest growing export markets for Industrial Food Preperation Machinery of Nigeria between 2021 and 2022 were Benin ($42.6k), Turkey ($33k), and Niger ($23.8k).

Imports In 2022, Nigeria imported $117M in Industrial Food Preperation Machinery, becoming the 33rd largest importer of Industrial Food Preperation Machinery in the world. At the same year, Industrial Food Preperation Machinery was the 96th most imported product in Nigeria. Nigeria imports Industrial Food Preperation Machinery primarily from: China ($44.7M), Italy ($24.2M), India ($7.9M), Netherlands ($7.59M), and Belgium ($4.93M).

The fastest growing import markets in Industrial Food Preperation Machinery for Nigeria between 2021 and 2022 were China ($26.9M), Netherlands ($4.12M), and India ($3.32M).

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 Industrial Food Preperation Machinery. 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)$153k
IMPORTS (2022)$117M
NET TRADE (2022)-$117M

In 2022, Nigeria exported $153k in Industrial Food Preperation Machinery. The main destinations of Nigeria exports on Industrial Food Preperation Machinery were Benin ($43.9k), Italy ($33.7k), Turkey ($33k), Niger ($27.5k), and South Africa ($8.3k).

In 2022, Nigeria imported $117M in Industrial Food Preperation Machinery, mainly from China ($44.7M), Italy ($24.2M), India ($7.9M), Netherlands ($7.59M), and Belgium ($4.93M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Food Preperation Machinery EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Benin$42.6k (3.3k%)
Turkey$33k (1%)
Niger$23.8k (643%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Food Preperation Machinery BY Nigeria WERE (2021 - 2022):
Brazil-$91.6k (-100%)
Cote d'Ivoire-$52.3k (-100%)
Senegal-$33.6k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Industrial Food Preperation Machinery were:
In 2022, Nigeria's main importing competitors in Industrial Food Preperation Machinery were:

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Trade Value of Industrial Food Preperation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALItaly+ $44.6k
TOP IMPORT POTENTIALItaly+ $4.36M

Industrial Food Preperation Machinery’s highest export potential is Italy. With an export gap of $44.6k.   Industrial Food Preperation Machinery’s highest import potential is Italy with an import gap of $4.36M.

See methodology.

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