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2022
Exports $20.3kWorld Rnk 90 / 131
Flag Rnk 608 / 1077
2022
Destination $20k Niger
2021 - 2022
FASTEST GROWING MARKET $20kNiger
2022
PRODUCT COMPLEXITY IN Bitumen and asphalt-0.98Rnk 835 / 1025
2022
Imports $739kWorld Rnk 80 / 189
Flag Rnk 864 / 1182
2022
Origin $533k United Arab Emirates
2021 - 2022
FASTEST GROWING ORIGIN $533kUnited Arab Emirates
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $20.3k in Bitumen and asphalt, making it the 90th largest exporter of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 608th most exported product in Nigeria. The main destination of Bitumen and asphalt exports from Nigeria are: Niger ($20k), Netherlands ($190), and Canada ($89).

The fastest growing export markets for Bitumen and asphalt of Nigeria between 2021 and 2022 were Niger ($20k) and Netherlands ($190).

Imports In 2022, Nigeria imported $739k in Bitumen and asphalt, becoming the 80th largest importer of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 864th most imported product in Nigeria. Nigeria imports Bitumen and asphalt primarily from: United Arab Emirates ($533k), United States ($97.2k), Malaysia ($47.3k), Cote d'Ivoire ($28.8k), and United Kingdom ($25.7k).

The fastest growing import markets in Bitumen and asphalt for Nigeria between 2021 and 2022 were United Arab Emirates ($533k), United States ($74.4k), and United Kingdom ($25.7k).

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 Bitumen and asphalt. 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)$20.3k
IMPORTS (2022)$739k
NET TRADE (2022)-$719k

In 2022, Nigeria exported $20.3k in Bitumen and asphalt. The main destinations of Nigeria exports on Bitumen and asphalt were Niger ($20k), Netherlands ($190), and Canada ($89).

In 2022, Nigeria imported $739k in Bitumen and asphalt, mainly from United Arab Emirates ($533k), United States ($97.2k), Malaysia ($47.3k), Cote d'Ivoire ($28.8k), and United Kingdom ($25.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bitumen and asphalt EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Niger$20k (1%)
Netherlands$190 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bitumen and asphalt BY Nigeria WERE (2021 - 2022):
China-$2.3k (-100%)
Italy-$2k (-100%)
Canada-$177 (-66.5%)
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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 Bitumen and asphalt were:
Turkey $261M
United States $166M
Spain $70.6M
In 2022, Nigeria's main importing competitors in Bitumen and asphalt were:
Egypt $206M
France $155M
Canada $78.2M

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Trade Value of Bitumen and asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $1.61k
TOP IMPORT POTENTIALUnited States+ $160k

Bitumen and asphalt’s highest export potential is Canada. With an export gap of $1.61k.   Bitumen and asphalt’s highest import potential is United States with an import gap of $160k.

See methodology.

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