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Exports In 2023, Nigeria exported $3M in Cars, making it the 106th largest exporter of Cars in the world. At the same year, Cars was the 126th most exported product in Nigeria. The main destination of Cars exports from Nigeria are: Benin ($1.92M), Liberia ($258k), Austria ($216k), Egypt ($160k), and United States ($124k).

The fastest growing export markets for Cars of Nigeria between 2022 and 2023 were Liberia ($223k), Austria ($216k), and Egypt ($160k).

The fastest growing import markets in Cars for Nigeria between 2022 and 2023 were United States ($318M), Japan ($18.3M), and United Arab Emirates ($18.3M).

Historical Data

Trade Balance

Color
EXPORTS (2023)$3M

In 2023, Nigeria exported $3M in Cars. The main destinations of Nigeria exports on Cars were Benin ($1.92M), Liberia ($258k), Austria ($216k), Egypt ($160k), and United States ($124k).

In N/A, Nigeria imported N/A in Cars, mainly from United States ($1.04B), United Arab Emirates ($116M), Canada ($73.9M), China ($63.7M), and India ($58.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Liberia$223k (644%)
Austria$216k (1%)
Egypt$160k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Nigeria WERE (2022 - 2023):
Germany-$62.4k (-89.3%)
Ethiopia-$47.9k (-100%)
Italy-$38.4k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
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N/AN/AN/A
TOP IMPORT POTENTIALUnited States+ $91.1M

Cars’s highest export potential is N/A. With an export gap of N/A.   Cars’s highest import potential is United States with an import gap of $91.1M.

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