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2018
Exports $18.9MWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Other Sea Vessels-0.29Rnk 646 / 1025
2018
Imports $17.7MWorld Rnk 35 / 178
Flag Rnk 363 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Imports In 2022, Nigeria imported $17.7M in Other Sea Vessels, becoming the 35th largest importer of Other Sea Vessels in the world. At the same year, Other Sea Vessels was the 363rd most imported product in Nigeria. Nigeria imports Other Sea Vessels primarily from: United Arab Emirates ($5.7M), South Africa ($5.04M), Spain ($4.5M), Cote d'Ivoire ($972k), and Seychelles ($814k).

The fastest growing import markets in Other Sea Vessels for Nigeria between 2021 and 2022 were United Arab Emirates ($5.39M), Cote d'Ivoire ($972k), and Seychelles ($814k).

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 Other Sea Vessels. 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 (2021)$18.9M
IMPORTS (2022)$17.7M
NET TRADE (2022)-$17.7M

In 2022, Nigeria imported $17.7M in Other Sea Vessels, mainly from United Arab Emirates ($5.7M), South Africa ($5.04M), Spain ($4.5M), Cote d'Ivoire ($972k), and Seychelles ($814k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Sea Vessels BY Nigeria WERE (N/A - 2021):Liberia-$18.9M (-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 Other Sea Vessels were:
Spain $936M
Oman $523M
Singapore $500M
In 2022, Nigeria's main importing competitors in Other Sea Vessels were:
India $852M
Saudi Arabia $841M
Norway $515M

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Trade Value of Other Sea Vessels by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $594
TOP IMPORT POTENTIALSpain+ $984k

Other Sea Vessels’s highest export potential is India. With an export gap of $594.   Other Sea Vessels’s highest import potential is Spain with an import gap of $984k.

See methodology.

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