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2022
Exports $2MWorld Rnk 41 / 78
Flag Rnk 131 / 1077
falsefalse Chad
2021 - 2022
FASTEST GROWING MARKETfalsefalse
2022
PRODUCT COMPLEXITY IN Tanks and Armored vehicles-0.46Rnk 688 / 1025
2022
Imports $22.6MWorld Rnk 32 / 130
Flag Rnk 335 / 1182
2021 - 2022
FASTEST GROWING ORIGINfalseUnited Arab Emirates
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $2M in Tanks and Armored vehicles, making it the 41st largest exporter of Tanks and Armored vehicles in the world. At the same year, Tanks and Armored vehicles was the 131st most exported product in Nigeria. The main destination of Tanks and Armored vehicles exports from Nigeria are: Chad ($2M).

Imports In 2022, Nigeria imported $22.6M in Tanks and Armored vehicles, becoming the 32nd largest importer of Tanks and Armored vehicles in the world. At the same year, Tanks and Armored vehicles was the 335th most imported product in Nigeria. Nigeria imports Tanks and Armored vehicles primarily from: United Arab Emirates ($6.46M), China ($5.88M), United States ($3.29M), South Africa ($3.16M), and Seychelles ($1.7M).

The fastest growing import markets in Tanks and Armored vehicles for Nigeria between 2021 and 2022 were United Arab Emirates ($6.46M), China ($5.88M), and United States ($3.27M).

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 Tanks and Armored vehicles. 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)$2M
IMPORTS (2022)$22.6M
NET TRADE (2022)-$20.6M

In 2022, Nigeria exported $2M in Tanks and Armored vehicles. The main destinations of Nigeria exports on Tanks and Armored vehicles were Chad ($2M).

In 2022, Nigeria imported $22.6M in Tanks and Armored vehicles, mainly from United Arab Emirates ($6.46M), China ($5.88M), United States ($3.29M), South Africa ($3.16M), and Seychelles ($1.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tanks and Armored vehicles BY Nigeria WERE (2021 - 2022):Chad-$1.43M (-41.8%)
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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 Tanks and Armored vehicles were:
United States $954M
Canada $954M
Germany $377M
In 2022, Nigeria's main importing competitors in Tanks and Armored vehicles were:
Saudi Arabia $674M
United States $379M
Kuwait $304M

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Trade Value of Tanks and Armored vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.59k
TOP IMPORT POTENTIALUnited States+ $1.58M

Tanks and Armored vehicles’s highest export potential is United States. With an export gap of $2.59k.   Tanks and Armored vehicles’s highest import potential is United States with an import gap of $1.58M.

See methodology.

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