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2022
Exports $1.23kWorld Rnk 121 / 131
Flag Rnk 888 / 1077
2022
Destination $138 Benin
2021 - 2022
FASTEST GROWING MARKET $138Angola
2022
PRODUCT COMPLEXITY IN Large Coated Flat-Rolled Iron0.57Rnk 337 / 1025
2022
Imports $16.5MWorld Rnk 58 / 213
Flag Rnk 376 / 1182
2022
Origin $5.33M China
2021 - 2022
FASTEST GROWING ORIGIN $5.33MChina
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $1.23k in Large Coated Flat-Rolled Iron, making it the 121st largest exporter of Large Coated Flat-Rolled Iron in the world. At the same year, Large Coated Flat-Rolled Iron was the 888th most exported product in Nigeria. The main destination of Large Coated Flat-Rolled Iron exports from Nigeria are: Benin ($1.09k) and Angola ($138).

The fastest growing export markets for Large Coated Flat-Rolled Iron of Nigeria between 2021 and 2022 were Angola ($138).

Imports In 2022, Nigeria imported $16.5M in Large Coated Flat-Rolled Iron, becoming the 58th largest importer of Large Coated Flat-Rolled Iron in the world. At the same year, Large Coated Flat-Rolled Iron was the 376th most imported product in Nigeria. Nigeria imports Large Coated Flat-Rolled Iron primarily from: China ($16M), India ($184k), Egypt ($149k), France ($41.7k), and Germany ($33.8k).

The fastest growing import markets in Large Coated Flat-Rolled Iron for Nigeria between 2021 and 2022 were China ($5.33M), Egypt ($68.4k), and India ($28k).

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 Large Coated Flat-Rolled Iron. 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)$1.23k
IMPORTS (2022)$16.5M
NET TRADE (2022)-$16.5M

In 2022, Nigeria exported $1.23k in Large Coated Flat-Rolled Iron. The main destinations of Nigeria exports on Large Coated Flat-Rolled Iron were Benin ($1.09k) and Angola ($138).

In 2022, Nigeria imported $16.5M in Large Coated Flat-Rolled Iron, mainly from China ($16M), India ($184k), Egypt ($149k), France ($41.7k), and Germany ($33.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Coated Flat-Rolled Iron EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):Angola$138 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Coated Flat-Rolled Iron BY Nigeria WERE (2021 - 2022):
Benin-$969 (-47%)
Spain-$91 (-100%)
Netherlands-$67 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Large Coated Flat-Rolled Iron were:
China $1B
Germany $993M
United States $429M
In 2022, Nigeria's main importing competitors in Large Coated Flat-Rolled Iron were:
Germany $519M
France $505M
United States $385M

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Trade Value of Large Coated Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPhilippines+ $810
TOP IMPORT POTENTIALChina+ $3M

Large Coated Flat-Rolled Iron’s highest export potential is Philippines. With an export gap of $810.   Large Coated Flat-Rolled Iron’s highest import potential is China with an import gap of $3M.

See methodology.

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