2022
Exports
$84.3MWorld Rnk 41 / 170
Flag Rnk 23 / 1077
2022
PRODUCT COMPLEXITY IN Cement
-1.46Rnk 943 / 1025
2022
Imports
$16.8MWorld Rnk 125 / 224
Flag Rnk 373 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $84.3M in Cement, making it the 41st largest exporter of Cement in the world. At the same year, Cement was the 23rd most exported product in Nigeria. The main destination of Cement exports from Nigeria are: Niger ($60.1M), Togo ($19.2M), Cameroon ($4.9M), Burkina Faso ($110k), and Central African Republic ($5.6k).

The fastest growing export markets for Cement of Nigeria between 2021 and 2022 were Niger ($13.2M), Burkina Faso ($110k), and Central African Republic ($5.45k).

Imports In 2022, Nigeria imported $16.8M in Cement, becoming the 125th largest importer of Cement in the world. At the same year, Cement was the 373rd most imported product in Nigeria. Nigeria imports Cement primarily from: Egypt ($7.4M), United Arab Emirates ($4.56M), Germany ($3.87M), Turkey ($346k), and India ($221k).

The fastest growing import markets in Cement for Nigeria between 2021 and 2022 were Egypt ($6.7M), United Arab Emirates ($4.46M), and Germany ($1.83M).

Latest Trends

Sep 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 Cement. 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)$84.3M
IMPORTS (2022)$16.8M
NET TRADE (2022)$67.5M

In 2022, Nigeria exported $84.3M in Cement. The main destinations of Nigeria exports on Cement were Niger ($60.1M), Togo ($19.2M), Cameroon ($4.9M), Burkina Faso ($110k), and Central African Republic ($5.6k).

In 2022, Nigeria imported $16.8M in Cement, mainly from Egypt ($7.4M), United Arab Emirates ($4.56M), Germany ($3.87M), Turkey ($346k), and India ($221k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cement EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Niger$13.2M (28.1%)
Burkina Faso$110k (14.8k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cement BY Nigeria WERE (2021 - 2022):
Cameroon-$11M (-69.3%)
Togo-$4.6M (-19.4%)
Spain-$88.6k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Cement were:
In 2022, Nigeria's main importing competitors in Cement were:

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Trade Value of Cement by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCameroon+ $2.41M
TOP IMPORT POTENTIALGermany+ $791k

Cement’s highest export potential is Cameroon. With an export gap of $2.41M.   Cement’s highest import potential is Germany with an import gap of $791k.

See methodology.

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