China / Nigeria

Overview In February 2024, China exported $1.27B and imported $129M from Nigeria, resulting in a positive trade balance of $1.14B. Between February 2023 and February 2024 the exports of China have increased by $204M (19.2%) from $1.06B to $1.27B, while imports decreased by $-92.4M (-41.8%) from $221M to $129M.

Trade In February 2024, the top exports of China to Nigeria were Synthetic Filament Yarn Woven Fabric ($84.8M), Motor vehicles; parts and accessories (8701... ($49.2M), Telephones ($42.1M), Bathroom Ceramics ($41.3M), and Electrical Transformers ($40.1M). In February 2024 the top imports of China from Nigeria were Petroleum Gas ($46.6M), Other Mineral ($25.1M), Uranium and Thorium Ore ($7.05M), Niobium, Tantalum, Vanadium and Zirconium Ore ($7.03M), and Refined Copper ($4.05M).

Origins In February 2024 the exports of China were mainly from Zhejiang Province ($359M), Guangdong Province ($197M), Shandong Province ($159M), Jiangsu Province ($118M), and Fujian Province ($61.3M), while imports destinations were mainly Guangdong Province ($71.6M), Zhejiang Province ($16.5M), Jiangxi Province ($10.1M), Shandong Province ($7.56M), and Fujian Province ($4.64M).

Growth In February 2024, the increase in China's year-by-year exports to Nigeria was explained primarily by an increase in product exports in Other Construction Vehicles ($31.4M or 4.17k%), Electrical Transformers ($29.6M or 279%), and Plywood ($20M or 678%). In February 2024, the decrease in China's year-by-year imports  from Nigeria was explained primarily by an decrease in product imports  in Petroleum Gas ($-49.2M or -51.3%), Zinc Ore ($-11.1M or -84.2%), and Raw Aluminium ($-10.3M or -81.7%).