2022
Exports
$8.17MWorld Rnk 44 / 175
Flag Rnk 74 / 1077
2022
PRODUCT COMPLEXITY IN Soups and Broths
-0.5Rnk 704 / 1025
2022
Imports
$23.2MWorld Rnk 34 / 223
Flag Rnk 328 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $8.17M in Soups and Broths, making it the 44th largest exporter of Soups and Broths in the world. At the same year, Soups and Broths was the 74th most exported product in Nigeria. The main destination of Soups and Broths exports from Nigeria are: Ghana ($5.06M), Mali ($904k), Cote d'Ivoire ($667k), Netherlands ($347k), and Niger ($263k).

The fastest growing export markets for Soups and Broths of Nigeria between 2021 and 2022 were Ghana ($2.37M), Benin ($192k), and Niger ($160k).

Imports In 2022, Nigeria imported $23.2M in Soups and Broths, becoming the 34th largest importer of Soups and Broths in the world. At the same year, Soups and Broths was the 328th most imported product in Nigeria. Nigeria imports Soups and Broths primarily from: United Kingdom ($10.3M), Senegal ($7.6M), South Africa ($4.79M), Thailand ($236k), and India ($102k).

The fastest growing import markets in Soups and Broths for Nigeria between 2021 and 2022 were United Kingdom ($2.79M), South Africa ($1.72M), and India ($76.1k).

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 Soups and Broths. 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)$8.17M
IMPORTS (2022)$23.2M
NET TRADE (2022)-$15M

In 2022, Nigeria exported $8.17M in Soups and Broths. The main destinations of Nigeria exports on Soups and Broths were Ghana ($5.06M), Mali ($904k), Cote d'Ivoire ($667k), Netherlands ($347k), and Niger ($263k).

In 2022, Nigeria imported $23.2M in Soups and Broths, mainly from United Kingdom ($10.3M), Senegal ($7.6M), South Africa ($4.79M), Thailand ($236k), and India ($102k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soups and Broths EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Ghana$2.37M (88.2%)
Benin$192k (269%)
Niger$160k (156%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soups and Broths BY Nigeria WERE (2021 - 2022):
Cote d'Ivoire-$1.91M (-74.2%)
Senegal-$1.27M (-100%)
United States-$198k (-91.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Soups and Broths by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALNetherlands+ $303k
TOP IMPORT POTENTIALThailand+ $257k

Soups and Broths’s highest export potential is Netherlands. With an export gap of $303k.   Soups and Broths’s highest import potential is Thailand with an import gap of $257k.

See methodology.

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