2022
Exports
$826kWorld Rnk 102 / 180
Flag Rnk 203 / 1077
2022
PRODUCT COMPLEXITY IN Malt Extract
0.015Rnk 542 / 1025
2022
Imports
$339MWorld Rnk 18 / 224
Flag Rnk 33 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $826k in Malt Extract, making it the 102nd largest exporter of Malt Extract in the world. At the same year, Malt Extract was the 203rd most exported product in Nigeria. The main destination of Malt Extract exports from Nigeria are: Benin ($228k), Canada ($115k), Italy ($81.9k), Niger ($72.6k), and United Kingdom ($57.7k).

The fastest growing export markets for Malt Extract of Nigeria between 2021 and 2022 were United Arab Emirates ($16.3k), Ireland ($13.4k), and New Zealand ($12.7k).

Imports In 2022, Nigeria imported $339M in Malt Extract, becoming the 18th largest importer of Malt Extract in the world. At the same year, Malt Extract was the 33rd most imported product in Nigeria. Nigeria imports Malt Extract primarily from: Ireland ($123M), Malaysia ($48.5M), Germany ($48.1M), Mexico ($27M), and France ($20.8M).

The fastest growing import markets in Malt Extract for Nigeria between 2021 and 2022 were Mexico ($11.7M), Malaysia ($10.4M), and France ($5.14M).

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 Malt Extract. 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)$826k
IMPORTS (2022)$339M
NET TRADE (2022)-$338M

In 2022, Nigeria exported $826k in Malt Extract. The main destinations of Nigeria exports on Malt Extract were Benin ($228k), Canada ($115k), Italy ($81.9k), Niger ($72.6k), and United Kingdom ($57.7k).

In 2022, Nigeria imported $339M in Malt Extract, mainly from Ireland ($123M), Malaysia ($48.5M), Germany ($48.1M), Mexico ($27M), and France ($20.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Malt Extract EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
United Arab Emirates$16.3k (2.28k%)
Ireland$13.4k (546%)
New Zealand$12.7k (194%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Malt Extract BY Nigeria WERE (2021 - 2022):
Angola-$237k (-99.8%)
Ghana-$86.4k (-61.7%)
United States-$71.5k (-61.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Malt Extract were:
In 2022, Nigeria's main importing competitors in Malt Extract were:

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Trade Value of Malt Extract by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $205k
TOP IMPORT POTENTIALNetherlands+ $9.92M

Malt Extract’s highest export potential is United States. With an export gap of $205k.   Malt Extract’s highest import potential is Netherlands with an import gap of $9.92M.

See methodology.

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