2022
Exports
$409kWorld Rnk 68 / 153
Flag Rnk 267 / 1077
2022
PRODUCT COMPLEXITY IN Mill Machinery
0.2Rnk 485 / 1025
2022
Imports
$85.8MWorld Rnk 3 / 202
Flag Rnk 128 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $409k in Mill Machinery, making it the 68th largest exporter of Mill Machinery in the world. At the same year, Mill Machinery was the 267th most exported product in Nigeria. The main destination of Mill Machinery exports from Nigeria are: Netherlands ($171k), Benin ($124k), Niger ($101k), Sierra Leone ($8.77k), and Burkina Faso ($3.84k).

The fastest growing export markets for Mill Machinery of Nigeria between 2021 and 2022 were Netherlands ($171k), Sierra Leone ($8.77k), and Switzerland ($147).

Imports In 2022, Nigeria imported $85.8M in Mill Machinery, becoming the 3rd largest importer of Mill Machinery in the world. At the same year, Mill Machinery was the 128th most imported product in Nigeria. Nigeria imports Mill Machinery primarily from: China ($28M), India ($26.4M), Switzerland ($7.12M), Turkey ($5.83M), and United Arab Emirates ($3.84M).

The fastest growing import markets in Mill Machinery for Nigeria between 2021 and 2022 were United Arab Emirates ($3.36M), Switzerland ($2.01M), and China ($1.93M).

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 Mill Machinery. 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)$409k
IMPORTS (2022)$85.8M
NET TRADE (2022)-$85.4M

In 2022, Nigeria exported $409k in Mill Machinery. The main destinations of Nigeria exports on Mill Machinery were Netherlands ($171k), Benin ($124k), Niger ($101k), Sierra Leone ($8.77k), and Burkina Faso ($3.84k).

In 2022, Nigeria imported $85.8M in Mill Machinery, mainly from China ($28M), India ($26.4M), Switzerland ($7.12M), Turkey ($5.83M), and United Arab Emirates ($3.84M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mill Machinery EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Netherlands$171k (1%)
Sierra Leone$8.77k (1%)
Switzerland$147 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mill Machinery BY Nigeria WERE (2021 - 2022):
Burkina Faso-$78.2k (-95.3%)
Benin-$49.4k (-28.4%)
Niger-$37.7k (-27.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Mill Machinery were:
China $609M
Italy $195M
In 2022, Nigeria's main importing competitors in Mill Machinery were:

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Trade Value of Mill Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $29.6k
TOP IMPORT POTENTIALTurkey+ $1.68M

Mill Machinery’s highest export potential is Netherlands. With an export gap of $29.6k.   Mill Machinery’s highest import potential is Turkey with an import gap of $1.68M.

See methodology.

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