2022
Exports
$615kWorld Rnk 79 / 182
Flag Rnk 229 / 1077
2022
PRODUCT COMPLEXITY IN Motorcycles and cycles
0.36Rnk 420 / 1025
2022
Imports
$556MWorld Rnk 19 / 221
Flag Rnk 12 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $615k in Motorcycles and cycles, making it the 79th largest exporter of Motorcycles and cycles in the world. At the same year, Motorcycles and cycles was the 229th most exported product in Nigeria. The main destination of Motorcycles and cycles exports from Nigeria are: Benin ($304k), Niger ($207k), Central African Republic ($53.8k), Togo ($18.5k), and India ($11.2k).

The fastest growing export markets for Motorcycles and cycles of Nigeria between 2021 and 2022 were Sao Tome and Principe ($10.4k), Togo ($7.38k), and Japan ($4.09k).

Imports In 2022, Nigeria imported $556M in Motorcycles and cycles, becoming the 19th largest importer of Motorcycles and cycles in the world. At the same year, Motorcycles and cycles was the 12th most imported product in Nigeria. Nigeria imports Motorcycles and cycles primarily from: India ($345M), China ($198M), Japan ($6.4M), Indonesia ($4.24M), and United States ($1.37M).

The fastest growing import markets in Motorcycles and cycles for Nigeria between 2021 and 2022 were Indonesia ($1.63M), United States ($1.23M), and Chinese Taipei ($190k).

Latest Trends

Oct 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 Motorcycles and cycles. 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)$615k
IMPORTS (2022)$556M
NET TRADE (2022)-$556M

In 2022, Nigeria exported $615k in Motorcycles and cycles. The main destinations of Nigeria exports on Motorcycles and cycles were Benin ($304k), Niger ($207k), Central African Republic ($53.8k), Togo ($18.5k), and India ($11.2k).

In 2022, Nigeria imported $556M in Motorcycles and cycles, mainly from India ($345M), China ($198M), Japan ($6.4M), Indonesia ($4.24M), and United States ($1.37M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motorcycles and cycles EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Togo$7.38k (66.5%)
Japan$4.09k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motorcycles and cycles BY Nigeria WERE (2021 - 2022):
Cameroon-$2.01M (-100%)
Benin-$1.43M (-82.4%)
Central African Republic-$43.7k (-44.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Motorcycles and cycles were:
China $11.6B
Germany $3.36B
Japan $3.25B
In 2022, Nigeria's main importing competitors in Motorcycles and cycles were:

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Trade Value of Motorcycles and cycles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBenin+ $136k
TOP IMPORT POTENTIALChina+ $31.5M

Motorcycles and cycles’s highest export potential is Benin. With an export gap of $136k.   Motorcycles and cycles’s highest import potential is China with an import gap of $31.5M.

See methodology.

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