2023
Exports
$5.43MWorld Rnk 55 / 150
Flag Rnk 21 / 682
2023
PRODUCT COMPLEXITY IN Seed Oils
-0.97Rnk 825 / 1025
2023
Imports
$2.27MWorld Rnk 138 / 216
Flag Rnk 241 / 1063
2023
ECONOMIC COMPLEXITY of Benin
-0.43Rnk 83 / 132

About

Exports In 2023, Benin exported $5.43M in Seed Oils, making it the 55th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 21st most exported product in Benin. The main destination of Seed Oils exports from Benin are: Nigeria ($5.22M), India ($101k), Niger ($56.6k), Togo ($44.1k), and Bulgaria ($145).

The fastest growing export markets for Seed Oils of Benin between 2022 and 2023 were Niger ($56.6k), Bulgaria ($145), and Ireland ($1).

Imports In 2023, Benin imported $2.27M in Seed Oils, becoming the 138th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 241st most imported product in Benin. Benin imports Seed Oils primarily from: Turkey ($887k), Ukraine ($530k), Romania ($329k), Egypt ($209k), and France ($92.1k).

The fastest growing import markets in Seed Oils for Benin between 2022 and 2023 were Ukraine ($351k), Romania ($213k), and Egypt ($178k).

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 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 (2023)$5.43M
IMPORTS (2023)$2.27M
NET TRADE (2023)$3.15M

In 2023, Benin exported $5.43M in Seed Oils. The main destinations of Benin exports on Seed Oils were Nigeria ($5.22M), India ($101k), Niger ($56.6k), Togo ($44.1k), and Bulgaria ($145).

In 2023, Benin imported $2.27M in Seed Oils, mainly from Turkey ($887k), Ukraine ($530k), Romania ($329k), Egypt ($209k), and France ($92.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Benin WERE (2022 - 2023):
Niger$56.6k (1%)
Bulgaria$145 (1%)
Ireland$1 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Benin WERE (2022 - 2023):
India-$8.36M (-98.8%)
Nigeria-$3.2M (-38%)
Togo-$1.16M (-96.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Benin's main exporting competitors in Seed Oils were:
Ukraine $5.26B
Russia $3.51B
Turkey $1.38B
In 2023, Benin's main importing competitors in Seed Oils were:
India $2.43B
China $1.62B
Turkey $1.47B

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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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