2022
Exports
$151kWorld Rnk 117 / 176
Flag Rnk 373 / 1077
2022
PRODUCT COMPLEXITY IN Rice
-1.95Rnk 998 / 1025
2022
Imports
$6.06MWorld Rnk 162 / 221
Flag Rnk 553 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $151k in Rice, making it the 117th 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: Benin ($67.8k), Canada ($44k), Niger ($15.2k), United States ($6.29k), and United Kingdom ($5.27k).

The fastest growing export markets for Rice of Nigeria between 2021 and 2022 were Canada ($17k), Niger ($15k), and Netherlands ($2.75k).

Imports In 2022, Nigeria imported $6.06M in Rice, becoming the 162nd largest importer of Rice in the world. At the same year, Rice was the 553rd most imported product in Nigeria. Nigeria imports Rice primarily from: India ($4.17M), United Arab Emirates ($451k), United States ($361k), Vietnam ($263k), and China ($244k).

The fastest growing import markets in Rice for Nigeria between 2021 and 2022 were China ($134k), Netherlands ($119k), and Benin ($42.2k).

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 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 (2022)$151k
IMPORTS (2022)$6.06M
NET TRADE (2022)-$5.91M

In 2022, Nigeria exported $151k in Rice. The main destinations of Nigeria exports on Rice were Benin ($67.8k), Canada ($44k), Niger ($15.2k), United States ($6.29k), and United Kingdom ($5.27k).

In 2022, Nigeria imported $6.06M in Rice, mainly from India ($4.17M), United Arab Emirates ($451k), United States ($361k), Vietnam ($263k), and China ($244k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rice EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Canada$17k (62.8%)
Niger$15k (10.1k%)
Netherlands$2.75k (1.69k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rice BY Nigeria WERE (2021 - 2022):
Guinea-Bissau-$147k (-100%)
United States-$11.5k (-64.7%)
Benin-$10.1k (-13%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Rice were:
India $11.1B
Vietnam $3.18B
In 2022, 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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