2023
Exports
$70.3MWorld Rnk 2 / 169
Flag Rnk 29 / 1096
2023
PRODUCT COMPLEXITY IN Locust beans, seaweed, sugar beet, cane, for food
-1.65Rnk 965 / 1025
2023
Imports
$1.03MWorld Rnk 69 / 202
Flag Rnk 802 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $70.3M in Locust beans, seaweed, sugar beet, cane, for food, making it the 2nd largest exporter of Locust beans, seaweed, sugar beet, cane, for food in the world. At the same year, Locust beans, seaweed, sugar beet, cane, for food was the 29th most exported product in Nigeria. The main destination of Locust beans, seaweed, sugar beet, cane, for food exports from Nigeria are: China ($45.8M), Germany ($12.8M), United States ($3.91M), Turkey ($3.82M), and Poland ($1.69M).

The fastest growing export markets for Locust beans, seaweed, sugar beet, cane, for food of Nigeria between 2022 and 2023 were China ($31.2M), United States ($3.65M), and Turkey ($3.2M).

Imports In 2023, Nigeria imported $1.03M in Locust beans, seaweed, sugar beet, cane, for food, becoming the 69th largest importer of Locust beans, seaweed, sugar beet, cane, for food in the world. At the same year, Locust beans, seaweed, sugar beet, cane, for food was the 802nd most imported product in Nigeria. Nigeria imports Locust beans, seaweed, sugar beet, cane, for food primarily from: Niger ($708k), Morocco ($156k), Poland ($65.8k), Algeria ($35.7k), and France ($34.9k).

The fastest growing import markets in Locust beans, seaweed, sugar beet, cane, for food for Nigeria between 2022 and 2023 were Niger ($629k), Morocco ($156k), and Poland ($65.8k).

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 Locust beans, seaweed, sugar beet, cane, for food. 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)$70.3M
IMPORTS (2023)$1.03M
NET TRADE (2023)$69.3M

In 2023, Nigeria exported $70.3M in Locust beans, seaweed, sugar beet, cane, for food. The main destinations of Nigeria exports on Locust beans, seaweed, sugar beet, cane, for food were China ($45.8M), Germany ($12.8M), United States ($3.91M), Turkey ($3.82M), and Poland ($1.69M).

In 2023, Nigeria imported $1.03M in Locust beans, seaweed, sugar beet, cane, for food, mainly from Niger ($708k), Morocco ($156k), Poland ($65.8k), Algeria ($35.7k), and France ($34.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Locust beans, seaweed, sugar beet, cane, for food EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
China$31.2M (213%)
United States$3.65M (1.38k%)
Turkey$3.2M (517%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locust beans, seaweed, sugar beet, cane, for food BY Nigeria WERE (2022 - 2023):
Poland-$1.23M (-42.1%)
Saudi Arabia-$179k (-47.6%)
Kazakhstan-$43.9k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Locust beans, seaweed, sugar beet, cane, for food were:
China $500M
Laos $65.9M
In 2023, Nigeria's main importing competitors in Locust beans, seaweed, sugar beet, cane, for food were:

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Trade Value of Locust beans, seaweed, sugar beet, cane, for food by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $5.61M
TOP IMPORT POTENTIALAlgeria+ $38.3k

Locust beans, seaweed, sugar beet, cane, for food’s highest export potential is China. With an export gap of $5.61M.   Locust beans, seaweed, sugar beet, cane, for food’s highest import potential is Algeria with an import gap of $38.3k.

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