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2022
Exports $39.1MWorld Rnk 59 / 171
Flag Rnk 37 / 1077
2022
Destination $30.9M Senegal
2021 - 2022
FASTEST GROWING MARKET $30.9MSenegal
2022
PRODUCT COMPLEXITY IN Raw Sugar-1.78Rnk 979 / 1025
2022
Imports $641MWorld Rnk 15 / 224
Flag Rnk 10 / 1182
2022
Origin $41.2M Brazil
2021 - 2022
FASTEST GROWING ORIGIN $41.2MBrazil
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $39.1M in Raw Sugar, making it the 59th largest exporter of Raw Sugar in the world. At the same year, Raw Sugar was the 37th most exported product in Nigeria. The main destination of Raw Sugar exports from Nigeria are: Senegal ($30.9M), Niger ($8.1M), Benin ($50.2k), Togo ($15.7k), and Central African Republic ($289).

The fastest growing export markets for Raw Sugar of Nigeria between 2021 and 2022 were Senegal ($30.9M), Niger ($8.07M), and Benin ($33.4k).

Imports In 2022, Nigeria imported $641M in Raw Sugar, becoming the 15th largest importer of Raw Sugar in the world. At the same year, Raw Sugar was the 10th most imported product in Nigeria. Nigeria imports Raw Sugar primarily from: Brazil ($640M), Netherlands ($620k), Niger ($399k), United Kingdom ($128k), and India ($34.8k).

The fastest growing import markets in Raw Sugar for Nigeria between 2021 and 2022 were Brazil ($41.2M), Netherlands ($477k), and United Kingdom ($128k).

Latest Trends

Oct 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 Raw Sugar. 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)$39.1M
IMPORTS (2022)$641M
NET TRADE (2022)-$602M

In 2022, Nigeria exported $39.1M in Raw Sugar. The main destinations of Nigeria exports on Raw Sugar were Senegal ($30.9M), Niger ($8.1M), Benin ($50.2k), Togo ($15.7k), and Central African Republic ($289).

In 2022, Nigeria imported $641M in Raw Sugar, mainly from Brazil ($640M), Netherlands ($620k), Niger ($399k), United Kingdom ($128k), and India ($34.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Sugar EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Senegal$30.9M (1%)
Niger$8.07M (30.3k%)
Benin$33.4k (198%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Sugar BY Nigeria WERE (2021 - 2022):
Central African Republic-$12.4k (-97.7%)
Cameroon-$3.34k (-100%)
Canada-$1.63k (-98%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Raw Sugar were:
Brazil $11.5B
India $6.03B
Thailand $3.22B
In 2022, Nigeria's main importing competitors in Raw Sugar were:
Indonesia $2.37B
China $2.25B
United States $1.94B

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Trade Value of Raw Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBenin+ $194k
TOP IMPORT POTENTIALNetherlands+ $1.17M

Raw Sugar’s highest export potential is Benin. With an export gap of $194k.   Raw Sugar’s highest import potential is Netherlands with an import gap of $1.17M.

See methodology.

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