2022
Exports
$212kWorld Rnk 99 / 156
Flag Rnk 336 / 1077
2022
PRODUCT COMPLEXITY IN Iron Wire
-0.35Rnk 661 / 1025
2022
Imports
$7.15MWorld Rnk 120 / 216
Flag Rnk 519 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $212k in Iron Wire, making it the 99th largest exporter of Iron Wire in the world. At the same year, Iron Wire was the 336th most exported product in Nigeria. The main destination of Iron Wire exports from Nigeria are: Ireland ($116k), Niger ($36.1k), Greece ($28.6k), Ghana ($15.4k), and Republic of the Congo ($10.6k).

The fastest growing export markets for Iron Wire of Nigeria between 2021 and 2022 were Ireland ($116k), Niger ($29.4k), and Greece ($28.6k).

Imports In 2022, Nigeria imported $7.15M in Iron Wire, becoming the 120th largest importer of Iron Wire in the world. At the same year, Iron Wire was the 519th most imported product in Nigeria. Nigeria imports Iron Wire primarily from: China ($6.19M), Greece ($204k), Netherlands ($192k), India ($160k), and Qatar ($68.4k).

The fastest growing import markets in Iron Wire for Nigeria between 2021 and 2022 were China ($321k), Netherlands ($192k), and Greece ($120k).

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 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)$212k
IMPORTS (2022)$7.15M
NET TRADE (2022)-$6.94M

In 2022, Nigeria exported $212k in Iron Wire. The main destinations of Nigeria exports on Iron Wire were Ireland ($116k), Niger ($36.1k), Greece ($28.6k), Ghana ($15.4k), and Republic of the Congo ($10.6k).

In 2022, Nigeria imported $7.15M in Iron Wire, mainly from China ($6.19M), Greece ($204k), Netherlands ($192k), India ($160k), and Qatar ($68.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Wire EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Ireland$116k (1%)
Niger$29.4k (437%)
Greece$28.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Wire BY Nigeria WERE (2021 - 2022):
Benin-$2.96k (-36.1%)
Cote d'Ivoire-$123 (-100%)
Gambia-$81 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGhana+ $28.5k
TOP IMPORT POTENTIALChina+ $3.38M

Iron Wire’s highest export potential is Ghana. With an export gap of $28.5k.   Iron Wire’s highest import potential is China with an import gap of $3.38M.

See methodology.

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