2022
Exports
$18.3MWorld Rnk 47 / 152
Flag Rnk 9 / 656
2022
PRODUCT COMPLEXITY IN Seed Oils
-0.99Rnk 836 / 1025
2022
Imports
$1.34MWorld Rnk 149 / 211
Flag Rnk 312 / 1046
2022
ECONOMIC COMPLEXITY of Benin
-0.5Rnk 86 / 133

About

Exports In 2022, Benin exported $18.3M in Seed Oils, making it the 47th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 9th most exported product in Benin. The main destination of Seed Oils exports from Benin are: Nigeria ($8.47M), India ($7.78M), and Togo ($2.08M).

The fastest growing export markets for Seed Oils of Benin between 2021 and 2022 were Nigeria ($5.75M) and Togo ($1.81M).

Imports In 2022, Benin imported $1.34M in Seed Oils, becoming the 149th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 312th most imported product in Benin. Benin imports Seed Oils primarily from: Turkey ($889k), Ukraine ($179k), Romania ($105k), Lithuania ($39.8k), and Egypt ($37.1k).

The fastest growing import markets in Seed Oils for Benin between 2021 and 2022 were Romania ($105k), Lithuania ($39.8k), and Egypt ($37.1k).

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 Seed Oils. 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)$18.3M
IMPORTS (2022)$1.34M
NET TRADE (2022)$17M

In 2022, Benin exported $18.3M in Seed Oils. The main destinations of Benin exports on Seed Oils were Nigeria ($8.47M), India ($7.78M), and Togo ($2.08M).

In 2022, Benin imported $1.34M in Seed Oils, mainly from Turkey ($889k), Ukraine ($179k), Romania ($105k), Lithuania ($39.8k), and Egypt ($37.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Benin WERE (2021 - 2022):
Nigeria$5.75M (212%)
Togo$1.81M (675%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Benin WERE (2021 - 2022):India-$1.85M (-19.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Benin's main exporting competitors in Seed Oils were:
Ukraine $5.54B
Russia $3.01B
Turkey $1.88B
In 2022, Benin's main importing competitors in Seed Oils were:

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $5.7M
TOP IMPORT POTENTIALTurkey+ $131k

Seed Oils’s highest export potential is India. With an export gap of $5.7M.   Seed Oils’s highest import potential is Turkey with an import gap of $131k.

See methodology.

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