2022
Exports
$51.6MWorld Rnk 11 / 152
Flag Rnk 32 / 1077
2022
PRODUCT COMPLEXITY IN Wood Charcoal
-1.42Rnk 937 / 1025
2022
Imports
$1MWorld Rnk 77 / 206
Flag Rnk 828 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $51.6M in Wood Charcoal, making it the 11th largest exporter of Wood Charcoal in the world. At the same year, Wood Charcoal was the 32nd most exported product in Nigeria. The main destination of Wood Charcoal exports from Nigeria are: Kuwait ($10.8M), United Arab Emirates ($7.24M), South Korea ($6.17M), Lebanon ($5.68M), and Portugal ($4.52M).

The fastest growing export markets for Wood Charcoal of Nigeria between 2021 and 2022 were Kuwait ($8.01M), South Korea ($5.73M), and Lebanon ($1.42M).

Imports In 2022, Nigeria imported $1M in Wood Charcoal, becoming the 77th largest importer of Wood Charcoal in the world. At the same year, Wood Charcoal was the 828th most imported product in Nigeria. Nigeria imports Wood Charcoal primarily from: China ($700k), Indonesia ($171k), United Arab Emirates ($77.2k), Vietnam ($42.1k), and Niger ($6.2k).

The fastest growing import markets in Wood Charcoal for Nigeria between 2021 and 2022 were Indonesia ($168k), United Arab Emirates ($74.4k), and Vietnam ($42.1k).

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 Wood Charcoal. 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)$51.6M
IMPORTS (2022)$1M
NET TRADE (2022)$50.6M

In 2022, Nigeria exported $51.6M in Wood Charcoal. The main destinations of Nigeria exports on Wood Charcoal were Kuwait ($10.8M), United Arab Emirates ($7.24M), South Korea ($6.17M), Lebanon ($5.68M), and Portugal ($4.52M).

In 2022, Nigeria imported $1M in Wood Charcoal, mainly from China ($700k), Indonesia ($171k), United Arab Emirates ($77.2k), Vietnam ($42.1k), and Niger ($6.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Charcoal EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Kuwait$8.01M (289%)
South Korea$5.73M (1.3k%)
Lebanon$1.42M (33.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Charcoal BY Nigeria WERE (2021 - 2022):
Poland-$2.89M (-51.1%)
Saudi Arabia-$2.2M (-100%)
United Kingdom-$1.8M (-82.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Wood Charcoal were:
In 2022, Nigeria's main importing competitors in Wood Charcoal were:

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Trade Value of Wood Charcoal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.48M
TOP IMPORT POTENTIALIndonesia+ $159k

Wood Charcoal’s highest export potential is China. With an export gap of $1.48M.   Wood Charcoal’s highest import potential is Indonesia with an import gap of $159k.

See methodology.

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