2023
Exports
$145kWorld Rnk 79 / 146
Flag Rnk 404 / 1096
2023
PRODUCT COMPLEXITY IN Petroleum Jelly
-0.23Rnk 625 / 1025
2023
Imports
$77.6MWorld Rnk 14 / 209
Flag Rnk 112 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $145k in Petroleum Jelly, making it the 79th largest exporter of Petroleum Jelly in the world. At the same year, Petroleum Jelly was the 404th most exported product in Nigeria. The main destination of Petroleum Jelly exports from Nigeria are: Niger ($112k), Ghana ($22.5k), Netherlands ($5.44k), Liberia ($3.99k), and Morocco ($930).

The fastest growing export markets for Petroleum Jelly of Nigeria between 2022 and 2023 were Niger ($60.9k), Ghana ($22.5k), and Netherlands ($5.44k).

Imports In 2023, Nigeria imported $77.6M in Petroleum Jelly, becoming the 14th largest importer of Petroleum Jelly in the world. At the same year, Petroleum Jelly was the 112th most imported product in Nigeria. Nigeria imports Petroleum Jelly primarily from: India ($34M), United Arab Emirates ($14.5M), Germany ($12.2M), Egypt ($3.56M), and Turkey ($3.19M).

The fastest growing import markets in Petroleum Jelly for Nigeria between 2022 and 2023 were India ($7.24M), Germany ($3.43M), and Netherlands ($2.63M).

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 Petroleum Jelly. 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)$145k
IMPORTS (2023)$77.6M
NET TRADE (2023)-$77.4M

In 2023, Nigeria exported $145k in Petroleum Jelly. The main destinations of Nigeria exports on Petroleum Jelly were Niger ($112k), Ghana ($22.5k), Netherlands ($5.44k), Liberia ($3.99k), and Morocco ($930).

In 2023, Nigeria imported $77.6M in Petroleum Jelly, mainly from India ($34M), United Arab Emirates ($14.5M), Germany ($12.2M), Egypt ($3.56M), and Turkey ($3.19M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Jelly EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Niger$60.9k (120%)
Ghana$22.5k (1%)
Netherlands$5.44k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Jelly BY Nigeria WERE (2022 - 2023):
Mauritania-$5.22k (-100%)
Hungary-$5 (-100%)
Benin-$4 (-1.92%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Petroleum Jelly by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.73k
TOP IMPORT POTENTIALChina+ $2.71M

Petroleum Jelly’s highest export potential is United States. With an export gap of $1.73k.   Petroleum Jelly’s highest import potential is China with an import gap of $2.71M.

See methodology.

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