2022
Exports
$1.4MWorld Rnk 28 / 102
Flag Rnk 160 / 1077
2022
Imports
$948World Rnk 106 / 135
Flag Rnk 1167 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $1.4M in Processed Bones, making it the 28th largest exporter of Processed Bones in the world. At the same year, Processed Bones was the 160th most exported product in Nigeria. The main destination of Processed Bones exports from Nigeria are: China ($884k), Vietnam ($278k), United States ($110k), Germany ($86.3k), and India ($42.6k).

The fastest growing export markets for Processed Bones of Nigeria between 2021 and 2022 were Vietnam ($61k), China ($52.4k), and Germany ($52.1k).

Imports In 2022, Nigeria imported $948 in Processed Bones, becoming the 106th largest importer of Processed Bones in the world. At the same year, Processed Bones was the 1167th most imported product in Nigeria. Nigeria imports Processed Bones primarily from: Germany ($900) and China ($48).

The fastest growing import markets in Processed Bones for Nigeria between 2021 and 2022 were Germany ($900).

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 Processed Bones. 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)$1.4M
IMPORTS (2022)$948
NET TRADE (2022)$1.4M

In 2022, Nigeria exported $1.4M in Processed Bones. The main destinations of Nigeria exports on Processed Bones were China ($884k), Vietnam ($278k), United States ($110k), Germany ($86.3k), and India ($42.6k).

In 2022, Nigeria imported $948 in Processed Bones, mainly from Germany ($900) and China ($48).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Bones EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Vietnam$61k (28.1%)
China$52.4k (6.3%)
Germany$52.1k (153%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Bones BY Nigeria WERE (2021 - 2022):
Ukraine-$10.1k (-100%)
Japan-$6.51k (-100%)
Benin-$1.88k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Processed Bones were:
In 2022, Nigeria's main importing competitors in Processed Bones were:
Japan $47.9M
France $43.7M
Germany $31.6M

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Trade Value of Processed Bones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $188k
TOP IMPORT POTENTIALGermany+ $1.31k

Processed Bones’s highest export potential is China. With an export gap of $188k.   Processed Bones’s highest import potential is Germany with an import gap of $1.31k.

See methodology.

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