2022
Exports
$270World Rnk 135 / 144
Flag Rnk 968 / 1077
2022
PRODUCT COMPLEXITY IN Copper Wire
-0.44Rnk 683 / 1025
2022
Imports
$22.8MWorld Rnk 81 / 204
Flag Rnk 331 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $270 in Copper Wire, making it the 135th largest exporter of Copper Wire in the world. At the same year, Copper Wire was the 968th most exported product in Nigeria. The main destination of Copper Wire exports from Nigeria are: Benin ($240) and Niger ($30).

The fastest growing export markets for Copper Wire of Nigeria between 2021 and 2022 were Benin ($172).

Imports In 2022, Nigeria imported $22.8M in Copper Wire, becoming the 81st largest importer of Copper Wire in the world. At the same year, Copper Wire was the 331st most imported product in Nigeria. Nigeria imports Copper Wire primarily from: Spain ($6.61M), Egypt ($6.54M), United Arab Emirates ($4.87M), France ($1.26M), and Germany ($1.17M).

The fastest growing import markets in Copper Wire for Nigeria between 2021 and 2022 were Egypt ($1.1M), United Arab Emirates ($1.01M), and Germany ($739k).

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 Copper Wire. 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)$270
IMPORTS (2022)$22.8M
NET TRADE (2022)-$22.8M

In 2022, Nigeria exported $270 in Copper Wire. The main destinations of Nigeria exports on Copper Wire were Benin ($240) and Niger ($30).

In 2022, Nigeria imported $22.8M in Copper Wire, mainly from Spain ($6.61M), Egypt ($6.54M), United Arab Emirates ($4.87M), France ($1.26M), and Germany ($1.17M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper Wire EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):Benin$172 (253%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Wire BY Nigeria WERE (2021 - 2022):
Togo-$71.8k (-100%)
Cameroon-$2.46k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Copper Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $983
TOP IMPORT POTENTIALSpain+ $1.76M

Copper Wire’s highest export potential is United States. With an export gap of $983.   Copper Wire’s highest import potential is Spain with an import gap of $1.76M.

See methodology.

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