2023
Exports
$177kWorld Rnk 74 / 149
Flag Rnk 382 / 1096
2023
PRODUCT COMPLEXITY IN Other Fermented Beverages
0.057Rnk 535 / 1025
2023
Imports
$784kWorld Rnk 98 / 213
Flag Rnk 838 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $177k in Other Fermented Beverages, making it the 74th largest exporter of Other Fermented Beverages in the world. At the same year, Other Fermented Beverages was the 382nd most exported product in Nigeria. The main destination of Other Fermented Beverages exports from Nigeria are: Benin ($56.5k), United States ($46.3k), Greece ($16.4k), Niger ($13.5k), and United Kingdom ($12.4k).

The fastest growing export markets for Other Fermented Beverages of Nigeria between 2022 and 2023 were Benin ($32.5k), United States ($16.6k), and Greece ($16.4k).

Imports In 2023, Nigeria imported $784k in Other Fermented Beverages, becoming the 98th largest importer of Other Fermented Beverages in the world. At the same year, Other Fermented Beverages was the 838th most imported product in Nigeria. Nigeria imports Other Fermented Beverages primarily from: United Kingdom ($278k), Spain ($192k), Portugal ($112k), Italy ($46.4k), and United States ($45.7k).

The fastest growing import markets in Other Fermented Beverages for Nigeria between 2022 and 2023 were Spain ($154k), Portugal ($112k), and United Kingdom ($44.9k).

Latest Trends

Jan 2025

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 Fermented Beverages. 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)$177k
IMPORTS (2023)$784k
NET TRADE (2023)-$607k

In 2023, Nigeria exported $177k in Other Fermented Beverages. The main destinations of Nigeria exports on Other Fermented Beverages were Benin ($56.5k), United States ($46.3k), Greece ($16.4k), Niger ($13.5k), and United Kingdom ($12.4k).

In 2023, Nigeria imported $784k in Other Fermented Beverages, mainly from United Kingdom ($278k), Spain ($192k), Portugal ($112k), Italy ($46.4k), and United States ($45.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Fermented Beverages EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Benin$32.5k (135%)
United States$16.6k (55.9%)
Greece$16.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Fermented Beverages BY Nigeria WERE (2022 - 2023):
Italy-$64.9k (-85.8%)
Netherlands-$24.4k (-87.1%)
Mali-$11.7k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Other Fermented Beverages were:
In 2023, Nigeria's main importing competitors in Other Fermented Beverages were:

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Trade Value of Other Fermented Beverages by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $81.7k
TOP IMPORT POTENTIALSouth Africa+ $110k

Other Fermented Beverages’s highest export potential is United States. With an export gap of $81.7k.   Other Fermented Beverages’s highest import potential is South Africa with an import gap of $110k.

See methodology.

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