2022
Exports
$2.66MWorld Rnk 106 / 218
Flag Rnk 122 / 1077
2022
PRODUCT COMPLEXITY IN Other Edible Preparations
0.054Rnk 531 / 1025
2022
Imports
$213MWorld Rnk 54 / 226
Flag Rnk 52 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $2.66M in Other Edible Preparations, making it the 106th largest exporter of Other Edible Preparations in the world. At the same year, Other Edible Preparations was the 122nd most exported product in Nigeria. The main destination of Other Edible Preparations exports from Nigeria are: Chad ($1.25M), United Arab Emirates ($278k), United States ($244k), Kenya ($128k), and Italy ($90.5k).

The fastest growing export markets for Other Edible Preparations of Nigeria between 2021 and 2022 were Chad ($350k), Niger ($75.6k), and Kuwait ($45k).

Imports In 2018, Nigeria imported $213M in Other Edible Preparations, becoming the 54th largest importer of Other Edible Preparations in the world. At the same year, Other Edible Preparations was the 52nd most imported product in Nigeria. Nigeria imports Other Edible Preparations primarily from: Germany ($44.2M), China ($41.3M), United States ($26.1M), Netherlands ($14.6M), and Turkey ($10.7M).

The fastest growing import markets in Other Edible Preparations for Nigeria between 2021 and 2022 were Germany ($8.89M), Thailand ($3.4M), and Spain ($2.09M).

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 Other Edible Preparations. 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)$2.66M
IMPORTS (2022)$213M
NET TRADE (2022)-$211M

In 2022, Nigeria exported $2.66M in Other Edible Preparations. The main destinations of Nigeria exports on Other Edible Preparations were Chad ($1.25M), United Arab Emirates ($278k), United States ($244k), Kenya ($128k), and Italy ($90.5k).

In 2022, Nigeria imported $213M in Other Edible Preparations, mainly from Germany ($44.2M), China ($41.3M), United States ($26.1M), Netherlands ($14.6M), and Turkey ($10.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Edible Preparations EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Chad$350k (38.7%)
Niger$75.6k (2.48k%)
Kuwait$45k (160%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Edible Preparations BY Nigeria WERE (2021 - 2022):
United States-$2.43M (-90.9%)
Singapore-$760k (-99.6%)
United Kingdom-$329k (-83.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Other Edible Preparations were:
In 2022, Nigeria's main importing competitors in Other Edible Preparations were:

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Trade Value of Other Edible Preparations by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.92M
TOP IMPORT POTENTIALUnited States+ $15.4M

Other Edible Preparations’s highest export potential is United States. With an export gap of $1.92M.   Other Edible Preparations’s highest import potential is United States with an import gap of $15.4M.

See methodology.

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