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2022
Exports $4.35kWorld Rnk 96 / 119
Flag Rnk 796 / 1077
2022
Destination $68 Democratic Republic of the Congo
2021 - 2022
FASTEST GROWING MARKET $68Turkey
2022
PRODUCT COMPLEXITY IN Semi-Finished Iron-0.88Rnk 800 / 1025
2022
Imports $195kWorld Rnk 116 / 188
Flag Rnk 989 / 1182
2022
Origin $6.64k China
2021 - 2022
FASTEST GROWING ORIGIN $6.64kEgypt
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $4.35k in Semi-Finished Iron, making it the 96th largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 796th most exported product in Nigeria. The main destination of Semi-Finished Iron exports from Nigeria are: Democratic Republic of the Congo ($4.28k) and Turkey ($68).

The fastest growing export markets for Semi-Finished Iron of Nigeria between 2021 and 2022 were Turkey ($68).

Imports In 2022, Nigeria imported $195k in Semi-Finished Iron, becoming the 116th largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 989th most imported product in Nigeria. Nigeria imports Semi-Finished Iron primarily from: China ($129k), United States ($45k), United Kingdom ($8.05k), Egypt ($6.64k), and Israel ($2.87k).

The fastest growing import markets in Semi-Finished Iron for Nigeria between 2021 and 2022 were Egypt ($6.64k), Israel ($2.87k), and Turkey ($1.53k).

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 Semi-Finished Iron. 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)$4.35k
IMPORTS (2022)$195k
NET TRADE (2022)-$191k

In 2022, Nigeria exported $4.35k in Semi-Finished Iron. The main destinations of Nigeria exports on Semi-Finished Iron were Democratic Republic of the Congo ($4.28k) and Turkey ($68).

In 2022, Nigeria imported $195k in Semi-Finished Iron, mainly from China ($129k), United States ($45k), United Kingdom ($8.05k), Egypt ($6.64k), and Israel ($2.87k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Semi-Finished Iron EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):Turkey$68 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semi-Finished Iron BY Nigeria WERE (2021 - 2022):
Democratic Republic of the Congo-$33.1k (-88.6%)
Niger-$5.08k (-100%)
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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 Semi-Finished Iron were:
Russia $8.38B
Oman $3.44B
Brazil $3.42B
In 2022, Nigeria's main importing competitors in Semi-Finished Iron were:
United States $3.03B
Turkey $2.81B
China $2.38B

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Trade Value of Semi-Finished Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $1.16k
TOP IMPORT POTENTIALChina+ $119k

Semi-Finished Iron’s highest export potential is Turkey. With an export gap of $1.16k.   Semi-Finished Iron’s highest import potential is China with an import gap of $119k.

See methodology.

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