China / Nigeria

Overview In October 2023, China exported $1.44B and imported $226M from Nigeria, resulting in a positive trade balance of $1.21B. Between October 2022 and October 2023 the exports of China have decreased by $-503M (-25.9%) from $1.94B to $1.44B, while imports increased by $147M (187%) from $78.5M to $226M.

Trade In October 2023, the top exports of China to Nigeria were Synthetic Filament Yarn Woven Fabric ($160M), Pesticides ($84.1M), Non-Knit Women's Suits ($81.5M), Telephones ($67.2M), and Fake Hair ($59M). In October 2023 the top imports of China from Nigeria were Petroleum Gas ($95.8M), Crude Petroleum ($71.5M), Niobium, Tantalum, Vanadium and Zirconium Ore ($13.5M), Zinc Ore ($13.1M), and Raw Aluminium ($12.6M).

Origins In October 2023 the exports of China were mainly from Zhejiang Province ($333M), Guangdong Province ($226M), Shandong Province ($205M), Jiangsu Province ($115M), and Sichuan Province ($92.1M), while imports destinations were mainly Beijing ($95.3M), Jiangxi Province ($30M), Fujian Province ($29.9M), Shandong Province ($16.3M), and Guangdong Province ($16M).

Growth In October 2023, the decrease in China's year-by-year exports to Nigeria was explained primarily by an decrease in product exports in Non-Knit Women's Suits ($-70.5M or -46.4%), Light Pure Woven Cotton ($-41.9M or -48.2%), and Light Mixed Woven Cotton ($-22.1M or -97.1%). In October 2023, the increase in China's year-by-year imports  from Nigeria was explained primarily by an increase in product imports  in Crude Petroleum ($23.2M or 48%), Raw Aluminium ($12M or 2k%), and Zinc Ore ($11.4M or 654%).