2023
Exports
$185kWorld Rnk 115 / 184
Flag Rnk 373 / 1096
2023
PRODUCT COMPLEXITY IN Rice
-2.01Rnk 999 / 1025
2023
Imports
$7.26MWorld Rnk 158 / 223
Flag Rnk 509 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $185k in Rice, making it the 115th largest exporter of Rice in the world. At the same year, Rice was the 373rd most exported product in Nigeria. The main destination of Rice exports from Nigeria are: Ghana ($81.9k), Canada ($33k), Benin ($27.1k), United States ($16.2k), and United Kingdom ($12k).

The fastest growing export markets for Rice of Nigeria between 2022 and 2023 were Ghana ($81.9k), United States ($9.88k), and United Kingdom ($6.03k).

Imports In 2023, Nigeria imported $7.26M in Rice, becoming the 158th largest importer of Rice in the world. At the same year, Rice was the 509th most imported product in Nigeria. Nigeria imports Rice primarily from: India ($5.9M), United Arab Emirates ($743k), Thailand ($307k), Benin ($101k), and United States ($95.4k).

The fastest growing import markets in Rice for Nigeria between 2022 and 2023 were India ($2.87M), United Arab Emirates ($291k), and Thailand ($119k).

Latest Trends

Dec 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 Rice. 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)$185k
IMPORTS (2023)$7.26M
NET TRADE (2023)-$7.07M

In 2023, Nigeria exported $185k in Rice. The main destinations of Nigeria exports on Rice were Ghana ($81.9k), Canada ($33k), Benin ($27.1k), United States ($16.2k), and United Kingdom ($12k).

In 2023, Nigeria imported $7.26M in Rice, mainly from India ($5.9M), United Arab Emirates ($743k), Thailand ($307k), Benin ($101k), and United States ($95.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rice EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Ghana$81.9k (341k%)
United States$9.88k (157%)
United Kingdom$6.03k (101%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rice BY Nigeria WERE (2022 - 2023):
Benin-$46.2k (-63%)
Canada-$16.9k (-33.9%)
Niger-$12.3k (-73.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Rice by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBenin+ $104k
TOP IMPORT POTENTIALIndia+ $4.31M

Rice’s highest export potential is Benin. With an export gap of $104k.   Rice’s highest import potential is India with an import gap of $4.31M.

See methodology.

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