2023
Exports
$22.8kWorld Rnk 100 / 139
Flag Rnk 610 / 1096
2023
PRODUCT COMPLEXITY IN Molasses
-1.73Rnk 974 / 1025
2023
Imports
$41.7kWorld Rnk 120 / 187
Flag Rnk 1087 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $22.8k in Molasses, making it the 100th largest exporter of Molasses in the world. At the same year, Molasses was the 610th most exported product in Nigeria. The main destination of Molasses exports from Nigeria are: Niger ($22.8k).

The fastest growing export markets for Molasses of Nigeria between 2022 and 2023 were Niger ($22.8k).

Imports In 2023, Nigeria imported $41.7k in Molasses, becoming the 120th largest importer of Molasses in the world. At the same year, Molasses was the 1087th most imported product in Nigeria. Nigeria imports Molasses primarily from: China ($13.6k), Brazil ($13.3k), Lebanon ($7.96k), India ($5.35k), and Indonesia ($1.12k).

The fastest growing import markets in Molasses for Nigeria between 2022 and 2023 were China ($13.6k), Brazil ($13.3k), and India ($5.35k).

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 Molasses. 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)$22.8k
IMPORTS (2023)$41.7k
NET TRADE (2023)-$18.9k

In 2023, Nigeria exported $22.8k in Molasses. The main destinations of Nigeria exports on Molasses were Niger ($22.8k).

In 2023, Nigeria imported $41.7k in Molasses, mainly from China ($13.6k), Brazil ($13.3k), Lebanon ($7.96k), India ($5.35k), and Indonesia ($1.12k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):Niger$22.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Nigeria WERE (2022 - 2023):Netherlands-$67 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $554
TOP IMPORT POTENTIALIndonesia+ $8.04k

Molasses’s highest export potential is United States. With an export gap of $554.   Molasses’s highest import potential is Indonesia with an import gap of $8.04k.

See methodology.

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