2022
Exports
$9.04BWorld Rnk 19 / 160
Flag Rnk 2 / 1077
2022
PRODUCT COMPLEXITY IN Petroleum Gas
-1.98Rnk 1000 / 1025
2022
Imports
$223MWorld Rnk 81 / 222
Flag Rnk 47 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $9.04B in Petroleum Gas, making it the 19th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 2nd most exported product in Nigeria. The main destination of Petroleum Gas exports from Nigeria are: Spain ($2.54B), Japan ($936M), Portugal ($814M), France ($598M), and South Korea ($558M).

The fastest growing export markets for Petroleum Gas of Nigeria between 2021 and 2022 were Spain ($1.35B), Japan ($424M), and Kuwait ($255M).

Imports In 2022, Nigeria imported $223M in Petroleum Gas, becoming the 81st largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 47th most imported product in Nigeria. Nigeria imports Petroleum Gas primarily from: United States ($210M), Equatorial Guinea ($3.89M), Chile ($3.78M), Niger ($3.67M), and Belgium ($902k).

The fastest growing import markets in Petroleum Gas for Nigeria between 2021 and 2022 were Chile ($3.78M), Niger ($3.66M), and Belgium ($190k).

Latest Trends

Mar 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 Petroleum Gas. 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)$9.04B
IMPORTS (2022)$223M
NET TRADE (2022)$8.82B

In 2022, Nigeria exported $9.04B in Petroleum Gas. The main destinations of Nigeria exports on Petroleum Gas were Spain ($2.54B), Japan ($936M), Portugal ($814M), France ($598M), and South Korea ($558M).

In 2022, Nigeria imported $223M in Petroleum Gas, mainly from United States ($210M), Equatorial Guinea ($3.89M), Chile ($3.78M), Niger ($3.67M), and Belgium ($902k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Spain$1.35B (114%)
Japan$424M (83%)
Kuwait$255M (114%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Nigeria WERE (2021 - 2022):
China-$966M (-68.2%)
India-$383M (-46.4%)
Thailand-$282M (-71.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Petroleum Gas were:
In 2022, Nigeria's main importing competitors in Petroleum Gas were:
China $72.7B
Italy $67.6B

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Trade Value of Petroleum Gas by Exporters

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