2022
Exports
$98.9kWorld Rnk 93 / 202
Flag Rnk 422 / 1077
2022
PRODUCT COMPLEXITY IN Rubber Belting
0.48Rnk 373 / 1025
2022
Imports
$36.6MWorld Rnk 43 / 224
Flag Rnk 237 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $98.9k in Rubber Belting, making it the 93rd largest exporter of Rubber Belting in the world. At the same year, Rubber Belting was the 422nd most exported product in Nigeria. The main destination of Rubber Belting exports from Nigeria are: Angola ($71.3k), Benin ($8.68k), Switzerland ($4.63k), Malawi ($3.41k), and Cote d'Ivoire ($3.36k).

The fastest growing export markets for Rubber Belting of Nigeria between 2021 and 2022 were Angola ($13.4k), Switzerland ($4.63k), and Malawi ($3.05k).

Imports In 2022, Nigeria imported $36.6M in Rubber Belting, becoming the 43rd largest importer of Rubber Belting in the world. At the same year, Rubber Belting was the 237th most imported product in Nigeria. Nigeria imports Rubber Belting primarily from: China ($25.3M), South Africa ($3.05M), India ($1.76M), Germany ($1.73M), and Romania ($962k).

The fastest growing import markets in Rubber Belting for Nigeria between 2021 and 2022 were China ($1.56M), Romania ($945k), and Poland ($576k).

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 Rubber Belting. 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)$98.9k
IMPORTS (2022)$36.6M
NET TRADE (2022)-$36.5M

In 2022, Nigeria exported $98.9k in Rubber Belting. The main destinations of Nigeria exports on Rubber Belting were Angola ($71.3k), Benin ($8.68k), Switzerland ($4.63k), Malawi ($3.41k), and Cote d'Ivoire ($3.36k).

In 2022, Nigeria imported $36.6M in Rubber Belting, mainly from China ($25.3M), South Africa ($3.05M), India ($1.76M), Germany ($1.73M), and Romania ($962k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Belting EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Angola$13.4k (23.1%)
Switzerland$4.63k (1%)
Malawi$3.05k (865%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Belting BY Nigeria WERE (2021 - 2022):
Cote d'Ivoire-$66.7k (-95.2%)
Benin-$63.9k (-88%)
Sweden-$9.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Rubber Belting were:
In 2022, Nigeria's main importing competitors in Rubber Belting were:

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Trade Value of Rubber Belting by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.43k
TOP IMPORT POTENTIALIndia+ $1.52M

Rubber Belting’s highest export potential is United States. With an export gap of $9.43k.   Rubber Belting’s highest import potential is India with an import gap of $1.52M.

See methodology.

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