2022
Exports
$126kWorld Rnk 117 / 179
Flag Rnk 391 / 1077
2022
PRODUCT COMPLEXITY IN Processed Fish
-1.45Rnk 941 / 1025
2022
Imports
$39.8MWorld Rnk 66 / 222
Flag Rnk 226 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $126k in Processed Fish, making it the 117th largest exporter of Processed Fish in the world. At the same year, Processed Fish was the 391st most exported product in Nigeria. The main destination of Processed Fish exports from Nigeria are: Benin ($54.7k), Cambodia ($40.5k), Ireland ($11.5k), United States ($7.1k), and United Arab Emirates ($2.98k).

The fastest growing export markets for Processed Fish of Nigeria between 2021 and 2022 were Benin ($45k), Cambodia ($35.7k), and United States ($7.1k).

Imports In 2022, Nigeria imported $39.8M in Processed Fish, becoming the 66th largest importer of Processed Fish in the world. At the same year, Processed Fish was the 226th most imported product in Nigeria. Nigeria imports Processed Fish primarily from: Morocco ($24.8M), China ($12.7M), Indonesia ($1.23M), United Arab Emirates ($321k), and Thailand ($206k).

The fastest growing import markets in Processed Fish for Nigeria between 2021 and 2022 were Morocco ($3.67M), United Arab Emirates ($283k), and Lebanon ($110k).

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 Processed Fish. 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)$126k
IMPORTS (2022)$39.8M
NET TRADE (2022)-$39.7M

In 2022, Nigeria exported $126k in Processed Fish. The main destinations of Nigeria exports on Processed Fish were Benin ($54.7k), Cambodia ($40.5k), Ireland ($11.5k), United States ($7.1k), and United Arab Emirates ($2.98k).

In 2022, Nigeria imported $39.8M in Processed Fish, mainly from Morocco ($24.8M), China ($12.7M), Indonesia ($1.23M), United Arab Emirates ($321k), and Thailand ($206k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Fish EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Benin$45k (463%)
Cambodia$35.7k (734%)
United States$7.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Fish BY Nigeria WERE (2021 - 2022):
Niger-$10.8k (-87.2%)
Ireland-$10.3k (-47.2%)
Australia-$8.39k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Processed Fish were:
In 2022, Nigeria's main importing competitors in Processed Fish were:

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Trade Value of Processed Fish by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $44k
TOP IMPORT POTENTIALChina+ $5.34M

Processed Fish’s highest export potential is United States. With an export gap of $44k.   Processed Fish’s highest import potential is China with an import gap of $5.34M.

See methodology.

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