2022
Exports
$47.1kWorld Rnk 112 / 159
Flag Rnk 516 / 1077
2022
PRODUCT COMPLEXITY IN Yeast
-0.47Rnk 690 / 1025
2022
Imports
$35.8MWorld Rnk 25 / 222
Flag Rnk 240 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $47.1k in Yeast, making it the 112th largest exporter of Yeast in the world. At the same year, Yeast was the 516th most exported product in Nigeria. The main destination of Yeast exports from Nigeria are: Benin ($24.6k), Ghana ($21.3k), Togo ($619), Canada ($201), and Niger ($169).

The fastest growing export markets for Yeast of Nigeria between 2021 and 2022 were Benin ($19.7k), Ghana ($8.11k), and Togo ($619).

Imports In 2022, Nigeria imported $35.8M in Yeast, becoming the 25th largest importer of Yeast in the world. At the same year, Yeast was the 240th most imported product in Nigeria. Nigeria imports Yeast primarily from: China ($20.5M), France ($7.57M), Turkey ($6.47M), Switzerland ($415k), and Estonia ($212k).

The fastest growing import markets in Yeast for Nigeria between 2021 and 2022 were France ($6.11M), Turkey ($2.39M), and Switzerland ($201k).

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 Yeast. 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)$47.1k
IMPORTS (2022)$35.8M
NET TRADE (2022)-$35.7M

In 2022, Nigeria exported $47.1k in Yeast. The main destinations of Nigeria exports on Yeast were Benin ($24.6k), Ghana ($21.3k), Togo ($619), Canada ($201), and Niger ($169).

In 2022, Nigeria imported $35.8M in Yeast, mainly from China ($20.5M), France ($7.57M), Turkey ($6.47M), Switzerland ($415k), and Estonia ($212k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Yeast EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Benin$19.7k (406%)
Ghana$8.11k (61.5%)
Togo$619 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Yeast BY Nigeria WERE (2021 - 2022):
Cameroon-$1.69k (-100%)
Kuwait-$1.28k (-100%)
Ukraine-$281 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Yeast were:
In 2022, Nigeria's main importing competitors in Yeast were:

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Trade Value of Yeast by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBenin+ $4.76k
TOP IMPORT POTENTIALTurkey+ $459k

Yeast’s highest export potential is Benin. With an export gap of $4.76k.   Yeast’s highest import potential is Turkey with an import gap of $459k.

See methodology.

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