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2022
Exports $84.5MWorld Rnk 18 / 131
Flag Rnk 22 / 1077
2022
Destination $5.51M Spain
2021 - 2022
FASTEST GROWING MARKET $5.51MIndia
2022
PRODUCT COMPLEXITY IN Rubber-2.24Rnk 1010 / 1025
2022
Imports $6.22MWorld Rnk 65 / 192
Flag Rnk 548 / 1182
2022
Origin $1.83M Pakistan
2021 - 2022
FASTEST GROWING ORIGIN $1.83MCote d'Ivoire
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $84.5M in Rubber, making it the 18th largest exporter of Rubber in the world. At the same year, Rubber was the 22nd most exported product in Nigeria. The main destination of Rubber exports from Nigeria are: Spain ($18.7M), France ($12.4M), Italy ($10.4M), Germany ($7.19M), and South Africa ($6.82M).

The fastest growing export markets for Rubber of Nigeria between 2021 and 2022 were India ($5.51M), Spain ($4.43M), and Italy ($708k).

Imports In 2022, Nigeria imported $6.22M in Rubber, becoming the 65th largest importer of Rubber in the world. At the same year, Rubber was the 548th most imported product in Nigeria. Nigeria imports Rubber primarily from: Pakistan ($2.01M), Cote d'Ivoire ($1.83M), Egypt ($1.04M), India ($276k), and Ghana ($233k).

The fastest growing import markets in Rubber for Nigeria between 2021 and 2022 were Cote d'Ivoire ($1.83M), Pakistan ($1M), and Ghana ($233k).

Latest Trends

Oct 2024

Subnational Monthly Trade

View
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. 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)$84.5M
IMPORTS (2022)$6.22M
NET TRADE (2022)$78.3M

In 2022, Nigeria exported $84.5M in Rubber. The main destinations of Nigeria exports on Rubber were Spain ($18.7M), France ($12.4M), Italy ($10.4M), Germany ($7.19M), and South Africa ($6.82M).

In 2022, Nigeria imported $6.22M in Rubber, mainly from Pakistan ($2.01M), Cote d'Ivoire ($1.83M), Egypt ($1.04M), India ($276k), and Ghana ($233k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
India$5.51M (691%)
Spain$4.43M (31.1%)
Italy$708k (7.34%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber BY Nigeria WERE (2021 - 2022):
South Africa-$1.98M (-22.5%)
Belarus-$1.78M (-100%)
Malaysia-$1.72M (-55.8%)
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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 Rubber were:
Thailand $5.47B
Indonesia $4.17B
Cote d'Ivoire $2.11B
In 2022, Nigeria's main importing competitors in Rubber were:
China $3.82B
United States $2.06B
Malaysia $1.42B

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Trade Value of Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $9.17M
TOP IMPORT POTENTIALCote d'Ivoire+ $1.01M

Rubber’s highest export potential is China. With an export gap of $9.17M.   Rubber’s highest import potential is Cote d'Ivoire with an import gap of $1.01M.

See methodology.

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