2022
Exports
$7.89kWorld Rnk 132 / 188
Flag Rnk 725 / 1077
2022
PRODUCT COMPLEXITY IN Bicycles, delivery tricycles, other cycles
-0.12Rnk 590 / 1025
2022
Imports
$7.73MWorld Rnk 84 / 221
Flag Rnk 510 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $7.89k in Bicycles, delivery tricycles, other cycles, making it the 132nd largest exporter of Bicycles, delivery tricycles, other cycles in the world. At the same year, Bicycles, delivery tricycles, other cycles was the 725th most exported product in Nigeria. The main destination of Bicycles, delivery tricycles, other cycles exports from Nigeria are: Kenya ($2.57k), Niger ($1.94k), Angola ($1.03k), Burkina Faso ($999), and Benin ($754).

The fastest growing export markets for Bicycles, delivery tricycles, other cycles of Nigeria between 2021 and 2022 were Kenya ($1.05k), Burkina Faso ($999), and Cote d'Ivoire ($152).

Imports In 2022, Nigeria imported $7.73M in Bicycles, delivery tricycles, other cycles, becoming the 84th largest importer of Bicycles, delivery tricycles, other cycles in the world. At the same year, Bicycles, delivery tricycles, other cycles was the 510th most imported product in Nigeria. Nigeria imports Bicycles, delivery tricycles, other cycles primarily from: China ($2.34M), South Korea ($1.83M), Japan ($1.55M), United Kingdom ($723k), and India ($345k).

The fastest growing import markets in Bicycles, delivery tricycles, other cycles for Nigeria between 2021 and 2022 were India ($291k), South Korea ($244k), and United Kingdom ($244k).

Latest Trends

Oct 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 Bicycles, delivery tricycles, other cycles. 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)$7.89k
IMPORTS (2022)$7.73M
NET TRADE (2022)-$7.72M

In 2022, Nigeria exported $7.89k in Bicycles, delivery tricycles, other cycles. The main destinations of Nigeria exports on Bicycles, delivery tricycles, other cycles were Kenya ($2.57k), Niger ($1.94k), Angola ($1.03k), Burkina Faso ($999), and Benin ($754).

In 2022, Nigeria imported $7.73M in Bicycles, delivery tricycles, other cycles, mainly from China ($2.34M), South Korea ($1.83M), Japan ($1.55M), United Kingdom ($723k), and India ($345k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bicycles, delivery tricycles, other cycles EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Kenya$1.05k (69.1%)
Burkina Faso$999 (1%)
Cote d'Ivoire$152 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bicycles, delivery tricycles, other cycles BY Nigeria WERE (2021 - 2022):
Niger-$7.95k (-80.4%)
Germany-$4.71k (-100%)
Cameroon-$3.91k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Bicycles, delivery tricycles, other cycles were:
In 2022, Nigeria's main importing competitors in Bicycles, delivery tricycles, other cycles were:

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Trade Value of Bicycles, delivery tricycles, other cycles by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALKenya+ $1.83k
TOP IMPORT POTENTIALChina+ $2.5M

Bicycles, delivery tricycles, other cycles’s highest export potential is Kenya. With an export gap of $1.83k.   Bicycles, delivery tricycles, other cycles’s highest import potential is China with an import gap of $2.5M.

See methodology.

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