2022
Exports
$1.44MWorld Rnk 89 / 181
Flag Rnk 158 / 1077
2022
PRODUCT COMPLEXITY IN Prepared Cereals
-0.43Rnk 681 / 1025
2022
Imports
$12.3MWorld Rnk 82 / 223
Flag Rnk 434 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $1.44M in Prepared Cereals, making it the 89th largest exporter of Prepared Cereals in the world. At the same year, Prepared Cereals was the 158th most exported product in Nigeria. The main destination of Prepared Cereals exports from Nigeria are: Cote d'Ivoire ($958k), United Kingdom ($134k), Senegal ($84.6k), Netherlands ($69.3k), and Ghana ($45.6k).

The fastest growing export markets for Prepared Cereals of Nigeria between 2021 and 2022 were United Kingdom ($67.4k), Senegal ($63.5k), and Ghana ($22.2k).

Imports In 2022, Nigeria imported $12.3M in Prepared Cereals, becoming the 82nd largest importer of Prepared Cereals in the world. At the same year, Prepared Cereals was the 434th most imported product in Nigeria. Nigeria imports Prepared Cereals primarily from: United Kingdom ($7.15M), Ghana ($2.49M), Egypt ($447k), Portugal ($369k), and China ($315k).

The fastest growing import markets in Prepared Cereals for Nigeria between 2021 and 2022 were United Kingdom ($3.2M), Ghana ($2.49M), and Egypt ($349k).

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 Prepared Cereals. 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)$1.44M
IMPORTS (2022)$12.3M
NET TRADE (2022)-$10.8M

In 2022, Nigeria exported $1.44M in Prepared Cereals. The main destinations of Nigeria exports on Prepared Cereals were Cote d'Ivoire ($958k), United Kingdom ($134k), Senegal ($84.6k), Netherlands ($69.3k), and Ghana ($45.6k).

In 2022, Nigeria imported $12.3M in Prepared Cereals, mainly from United Kingdom ($7.15M), Ghana ($2.49M), Egypt ($447k), Portugal ($369k), and China ($315k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Prepared Cereals EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
United Kingdom$67.4k (101%)
Senegal$63.5k (300%)
Ghana$22.2k (94.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Prepared Cereals BY Nigeria WERE (2021 - 2022):
United Arab Emirates-$186k (-99.1%)
Saudi Arabia-$92.9k (-100%)
Benin-$70.6k (-74.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Prepared Cereals were:
In 2022, Nigeria's main importing competitors in Prepared Cereals were:

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Trade Value of Prepared Cereals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $145k
TOP IMPORT POTENTIALChina+ $476k

Prepared Cereals’s highest export potential is United Kingdom. With an export gap of $145k.   Prepared Cereals’s highest import potential is China with an import gap of $476k.

See methodology.

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