2021
Exports
$285World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2021
Imports
$9.37MWorld Rnk 40 / 184
Flag Rnk 769 / 4266
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Imports In 2022, Nigeria imported $9.37M in Paraffin wax containing <0.75% oil, becoming the 40th largest importer of Paraffin wax containing <0.75% oil in the world. At the same year, Paraffin wax containing <0.75% oil was the 769th most imported product in Nigeria. Nigeria imports Paraffin wax containing <0.75% oil primarily from: Egypt ($4.24M), China ($2.2M), South Africa ($1.99M), Germany ($446k), and India ($188k).

The fastest growing import markets in Paraffin wax containing <0.75% oil for Nigeria between 2021 and 2022 were Egypt ($2.19M), South Africa ($1.4M), and China ($1.36M).

COMPANIES In 2023, leading companies such as RHI Magnesita (6), Ford Motor Company (2), and Barry Callebaut (2) were at the forefront of shipping Paraffin wax containing <0.75% oil from Nigeria to the United States.

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 Paraffin wax containing <0.75% oil. 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)$285
IMPORTS (2022)$9.37M
NET TRADE (2022)-$9.37M

In 2022, Nigeria imported $9.37M in Paraffin wax containing <0.75% oil, mainly from Egypt ($4.24M), China ($2.2M), South Africa ($1.99M), Germany ($446k), and India ($188k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paraffin wax containing <0.75% oil BY Nigeria WERE (N/A - 2021):Benin-$285 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Paraffin wax containing
China $1.12B
Spain $164M
In 2022, Nigeria's main importing competitors in Paraffin wax containing

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Trade Value of Paraffin wax containing <0.75% oil by Exporters

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