China / Nigeria

Overview In October 2024, China exported $1.75B and imported $280M from Nigeria, resulting in a positive trade balance of $1.47B. Between October 2023 and October 2024 the exports of China have increased by $316M (22%) from $1.44B to $1.75B, while imports increased by $54.8M (24.3%) from $226M to $280M.

Trade In October 2024, the top exports of China to Nigeria were Synthetic Filament Yarn Woven Fabric ($84.8M), Motor vehicles; parts and accessories (8701... ($49.2M), Telephones ($42.1M), Bathroom Ceramics ($41.3M), and Electrical Transformers ($40.1M). In October 2024 the top imports of China from Nigeria were Petroleum Gas ($46.6M), Other Mineral ($25.1M), Uranium and Thorium Ore ($7.05M), Niobium, Tantalum, Vanadium and Zirconium Ore ($7.03M), and Refined Copper ($4.05M).

Origins In October 2024 the exports of China were mainly from Zhejiang Province ($427M), Guangdong Province ($329M), Shandong Province ($233M), Jiangsu Province ($155M), and Beijing ($64.1M), while imports destinations were mainly Fujian Province ($89.9M), Guangdong Province ($69.7M), Hunan Province ($27.4M), Jiangxi Province ($25M), and Zhejiang Province ($18.9M).

Growth In October 2024, the increase in China's year-by-year exports to Nigeria was explained primarily by an increase in product exports in Other Construction Vehicles ($31.4M or 4.17k%), Electrical Transformers ($29.6M or 279%), and Plywood ($20M or 678%). In October 2024, the increase in China's year-by-year imports  from Nigeria was explained primarily by an increase in product imports  in Other Mineral ($24.7M or 5.5k%), Scrap Copper ($2.35M or 300%), and Raw Copper ($2.11M or 216%).