2022
Exports
$617MWorld Rnk 8 / 101
Flag Rnk 6 / 1077
2022
PRODUCT COMPLEXITY IN Special Purpose Ships
-1.27Rnk 902 / 1025
2022
Imports
$45.8MWorld Rnk 44 / 174
Flag Rnk 204 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $617M in Special Purpose Ships, making it the 8th largest exporter of Special Purpose Ships in the world. At the same year, Special Purpose Ships was the 6th most exported product in Nigeria. The main destination of Special Purpose Ships exports from Nigeria are: Namibia ($433M), Equatorial Guinea ($116M), China ($24.5M), Togo ($18.9M), and Ghana ($16.7M).

The fastest growing export markets for Special Purpose Ships of Nigeria between 2021 and 2022 were Togo ($18.9M), Equatorial Guinea ($6.8M), and China ($5.26M).

Imports In 2022, Nigeria imported $45.8M in Special Purpose Ships, becoming the 44th largest importer of Special Purpose Ships in the world. At the same year, Special Purpose Ships was the 204th most imported product in Nigeria. Nigeria imports Special Purpose Ships primarily from: United Arab Emirates ($13.7M), Singapore ($11.3M), Netherlands ($8.17M), Belgium ($4.85M), and Cote d'Ivoire ($2.69M).

The fastest growing import markets in Special Purpose Ships for Nigeria between 2021 and 2022 were United Arab Emirates ($13.7M), Singapore ($10.5M), and Belgium ($4.77M).

Latest Trends

Oct 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 Special Purpose Ships. 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)$617M
IMPORTS (2022)$45.8M
NET TRADE (2022)$571M

In 2022, Nigeria exported $617M in Special Purpose Ships. The main destinations of Nigeria exports on Special Purpose Ships were Namibia ($433M), Equatorial Guinea ($116M), China ($24.5M), Togo ($18.9M), and Ghana ($16.7M).

In 2022, Nigeria imported $45.8M in Special Purpose Ships, mainly from United Arab Emirates ($13.7M), Singapore ($11.3M), Netherlands ($8.17M), Belgium ($4.85M), and Cote d'Ivoire ($2.69M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Purpose Ships EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Togo$18.9M (1%)
Equatorial Guinea$6.8M (6.22%)
China$5.26M (27.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Purpose Ships BY Nigeria WERE (2021 - 2022):
Cameroon-$419M (-100%)
Namibia-$231M (-34.8%)
Republic of the Congo-$7.64M (-54.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Special Purpose Ships were:
In 2022, Nigeria's main importing competitors in Special Purpose Ships were:

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Trade Value of Special Purpose Ships by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $21.1M
TOP IMPORT POTENTIALChina+ $1.5M

Special Purpose Ships’s highest export potential is China. With an export gap of $21.1M.   Special Purpose Ships’s highest import potential is China with an import gap of $1.5M.

See methodology.

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