2022
Exports
$8.15MWorld Rnk 77 / 202
Flag Rnk 75 / 1077
2022
PRODUCT COMPLEXITY IN Sauces and Seasonings
-0.62Rnk 736 / 1025
2022
Imports
$84.6MWorld Rnk 46 / 225
Flag Rnk 131 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $8.15M in Sauces and Seasonings, making it the 77th largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 75th most exported product in Nigeria. The main destination of Sauces and Seasonings exports from Nigeria are: Ghana ($6.65M), United Kingdom ($395k), Cote d'Ivoire ($259k), Togo ($164k), and Gambia ($119k).

The fastest growing export markets for Sauces and Seasonings of Nigeria between 2021 and 2022 were Gambia ($119k), Cote d'Ivoire ($77.4k), and Togo ($64.5k).

Imports In 2022, Nigeria imported $84.6M in Sauces and Seasonings, becoming the 46th largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 131st most imported product in Nigeria. Nigeria imports Sauces and Seasonings primarily from: China ($39.2M), Indonesia ($33.2M), South Korea ($4.73M), Senegal ($1.88M), and Spain ($1.01M).

The fastest growing import markets in Sauces and Seasonings for Nigeria between 2021 and 2022 were Indonesia ($2.39M), Senegal ($1.81M), and South Korea ($1.13M).

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 Sauces and Seasonings. 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)$8.15M
IMPORTS (2022)$84.6M
NET TRADE (2022)-$76.4M

In 2022, Nigeria exported $8.15M in Sauces and Seasonings. The main destinations of Nigeria exports on Sauces and Seasonings were Ghana ($6.65M), United Kingdom ($395k), Cote d'Ivoire ($259k), Togo ($164k), and Gambia ($119k).

In 2022, Nigeria imported $84.6M in Sauces and Seasonings, mainly from China ($39.2M), Indonesia ($33.2M), South Korea ($4.73M), Senegal ($1.88M), and Spain ($1.01M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Gambia$119k (35.3k%)
Cote d'Ivoire$77.4k (42.7%)
Togo$64.5k (65.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY Nigeria WERE (2021 - 2022):
Ghana-$1.71M (-20.4%)
Philippines-$87.2k (-100%)
Senegal-$38.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Sauces and Seasonings were:
In 2022, Nigeria's main importing competitors in Sauces and Seasonings were:

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited Kingdom+ $692k
TOP IMPORT POTENTIALSpain+ $1.27M

Sauces and Seasonings’s highest export potential is United Kingdom. With an export gap of $692k.   Sauces and Seasonings’s highest import potential is Spain with an import gap of $1.27M.

See methodology.

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