2022
Exports
$272kWorld Rnk 112 / 187
Flag Rnk 311 / 1077
2022
PRODUCT COMPLEXITY IN Iron Pipes
-0.034Rnk 558 / 1025
2022
Imports
$172MWorld Rnk 42 / 221
Flag Rnk 65 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $272k in Iron Pipes, making it the 112th largest exporter of Iron Pipes in the world. At the same year, Iron Pipes was the 311th most exported product in Nigeria. The main destination of Iron Pipes exports from Nigeria are: Niger ($133k), Benin ($47.3k), Italy ($36.1k), France ($29.3k), and Netherlands ($13k).

The fastest growing export markets for Iron Pipes of Nigeria between 2021 and 2022 were Italy ($36.1k), France ($29.3k), and Benin ($13.9k).

Imports In 2022, Nigeria imported $172M in Iron Pipes, becoming the 42nd largest importer of Iron Pipes in the world. At the same year, Iron Pipes was the 65th most imported product in Nigeria. Nigeria imports Iron Pipes primarily from: China ($117M), Mexico ($16.1M), Indonesia ($7.6M), India ($6.33M), and Romania ($4.14M).

The fastest growing import markets in Iron Pipes for Nigeria between 2021 and 2022 were China ($40.5M), Mexico ($13.1M), and Indonesia ($6.24M).

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 Iron Pipes. 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)$272k
IMPORTS (2022)$172M
NET TRADE (2022)-$172M

In 2022, Nigeria exported $272k in Iron Pipes. The main destinations of Nigeria exports on Iron Pipes were Niger ($133k), Benin ($47.3k), Italy ($36.1k), France ($29.3k), and Netherlands ($13k).

In 2022, Nigeria imported $172M in Iron Pipes, mainly from China ($117M), Mexico ($16.1M), Indonesia ($7.6M), India ($6.33M), and Romania ($4.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Pipes EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Italy$36.1k (1%)
France$29.3k (1%)
Benin$13.9k (41.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Pipes BY Nigeria WERE (2021 - 2022):
Netherlands-$87.3k (-87.1%)
Angola-$78.3k (-97.4%)
Niger-$53.5k (-28.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Iron Pipes were:
China $8.49B
Japan $2.88B
Germany $2.46B
In 2022, Nigeria's main importing competitors in Iron Pipes were:

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Trade Value of Iron Pipes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $76.7k
TOP IMPORT POTENTIALIndia+ $6.54M

Iron Pipes’s highest export potential is Italy. With an export gap of $76.7k.   Iron Pipes’s highest import potential is India with an import gap of $6.54M.

See methodology.

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