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2022
Exports $206kWorld Rnk 65 / 132
Flag Rnk 340 / 1077
2022
Destination $108k United Kingdom
2021 - 2022
FASTEST GROWING MARKET $108kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Oil Seed Flower-0.94Rnk 826 / 1025
2022
Imports $2.01MWorld Rnk 54 / 195
Flag Rnk 731 / 1182
2022
Origin $1.35M Austria
2021 - 2022
FASTEST GROWING ORIGIN $1.35MAustria
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $206k in Oil Seed Flower, making it the 65th largest exporter of Oil Seed Flower in the world. At the same year, Oil Seed Flower was the 340th most exported product in Nigeria. The main destination of Oil Seed Flower exports from Nigeria are: United Kingdom ($108k), Vietnam ($72.9k), Burkina Faso ($15.4k), Canada ($3.98k), and Norway ($1.09k).

The fastest growing export markets for Oil Seed Flower of Nigeria between 2021 and 2022 were United Kingdom ($108k), Vietnam ($72.9k), and Burkina Faso ($15.4k).

Imports In 2022, Nigeria imported $2.01M in Oil Seed Flower, becoming the 54th largest importer of Oil Seed Flower in the world. At the same year, Oil Seed Flower was the 731st most imported product in Nigeria. Nigeria imports Oil Seed Flower primarily from: Austria ($1.39M), China ($434k), Belgium ($118k), Canada ($43.9k), and India ($13.4k).

The fastest growing import markets in Oil Seed Flower for Nigeria between 2021 and 2022 were Austria ($1.35M), Canada ($43.9k), and Belgium ($29k).

Latest Trends

Oct 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 Oil Seed Flower. 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)$206k
IMPORTS (2022)$2.01M
NET TRADE (2022)-$1.8M

In 2022, Nigeria exported $206k in Oil Seed Flower. The main destinations of Nigeria exports on Oil Seed Flower were United Kingdom ($108k), Vietnam ($72.9k), Burkina Faso ($15.4k), Canada ($3.98k), and Norway ($1.09k).

In 2022, Nigeria imported $2.01M in Oil Seed Flower, mainly from Austria ($1.39M), China ($434k), Belgium ($118k), Canada ($43.9k), and India ($13.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Oil Seed Flower EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
United Kingdom$108k (1%)
Vietnam$72.9k (1%)
Burkina Faso$15.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Oil Seed Flower BY Nigeria WERE (2021 - 2022):
Germany-$11.1k (-99.7%)
United States-$4.06k (-100%)
Switzerland-$2.11k (-85.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Oil Seed Flower were:
United States $412M
Italy $139M
China $66.2M
In 2022, Nigeria's main importing competitors in Oil Seed Flower were:
Vietnam $132M
Japan $79.5M
South Korea $73.8M

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Trade Value of Oil Seed Flower by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $44.2k
TOP IMPORT POTENTIALChina+ $119k

Oil Seed Flower’s highest export potential is Vietnam. With an export gap of $44.2k.   Oil Seed Flower’s highest import potential is China with an import gap of $119k.

See methodology.

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