2022
Exports
$9.71kWorld Rnk 139 / 152
Flag Rnk 698 / 1077
2022
PRODUCT COMPLEXITY IN Buses
0.074Rnk 528 / 1025
2022
Imports
$46.3MWorld Rnk 67 / 217
Flag Rnk 202 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $9.71k in Buses, making it the 139th largest exporter of Buses in the world. At the same year, Buses was the 698th most exported product in Nigeria. The main destination of Buses exports from Nigeria are: Benin ($7.17k) and Central African Republic ($2.54k).

The fastest growing export markets for Buses of Nigeria between 2021 and 2022 were Central African Republic ($2.54k).

Imports In 2022, Nigeria imported $46.3M in Buses, becoming the 67th largest importer of Buses in the world. At the same year, Buses was the 202nd most imported product in Nigeria. Nigeria imports Buses primarily from: United Arab Emirates ($11.4M), China ($8.85M), Kuwait ($8.32M), Belgium ($3.14M), and Japan ($2.94M).

The fastest growing import markets in Buses for Nigeria between 2021 and 2022 were United Arab Emirates ($5.1M), Panama ($1.07M), and Japan ($546k).

Latest Trends

Sep 2024

Subnational Monthly Trade

View
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 Buses. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$9.71k
IMPORTS (2022)$46.3M
NET TRADE (2022)-$46.3M

In 2022, Nigeria exported $9.71k in Buses. The main destinations of Nigeria exports on Buses were Benin ($7.17k) and Central African Republic ($2.54k).

In 2022, Nigeria imported $46.3M in Buses, mainly from United Arab Emirates ($11.4M), China ($8.85M), Kuwait ($8.32M), Belgium ($3.14M), and Japan ($2.94M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Buses EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):Central African Republic$2.54k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buses BY Nigeria WERE (2021 - 2022):
Benin-$7.77k (-52%)
Cameroon-$1.85k (-100%)
Niger-$1.39k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Nigeria's main exporting competitors in Buses were:
China $2.64B
Japan $1.95B
Turkey $1.52B
In 2022, Nigeria's main importing competitors in Buses were:

Explore Visualizations

Trade Value of Buses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBenin+ $4.73k
TOP IMPORT POTENTIALChina+ $5.86M

Buses’s highest export potential is Benin. With an export gap of $4.73k.   Buses’s highest import potential is China with an import gap of $5.86M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with