2023
Exports
$31.4kWorld Rnk 128 / 151
Flag Rnk 573 / 1096
2023
PRODUCT COMPLEXITY IN Buses
0.24Rnk 481 / 1025
2023
Imports
$57.9MWorld Rnk 70 / 212
Flag Rnk 160 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $31.4k in Buses, making it the 128th largest exporter of Buses in the world. At the same year, Buses was the 573rd most exported product in Nigeria. The main destination of Buses exports from Nigeria are: Benin ($31.4k).

The fastest growing export markets for Buses of Nigeria between 2022 and 2023 were Benin ($24.2k).

Imports In 2023, Nigeria imported $57.9M in Buses, becoming the 70th largest importer of Buses in the world. At the same year, Buses was the 160th most imported product in Nigeria. Nigeria imports Buses primarily from: United Arab Emirates ($15.6M), China ($14.3M), Japan ($14M), United States ($4.56M), and Belgium ($1.59M).

The fastest growing import markets in Buses for Nigeria between 2022 and 2023 were Japan ($10.7M), United Arab Emirates ($4.09M), and China ($3.9M).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Buses. 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 (2023)$31.4k
IMPORTS (2023)$57.9M
NET TRADE (2023)-$57.9M

In 2023, Nigeria exported $31.4k in Buses. The main destinations of Nigeria exports on Buses were Benin ($31.4k).

In 2023, Nigeria imported $57.9M in Buses, mainly from United Arab Emirates ($15.6M), China ($14.3M), Japan ($14M), United States ($4.56M), and Belgium ($1.59M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Buses EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):Benin$24.2k (337%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buses BY Nigeria WERE (2022 - 2023):
Ghana-$95.3k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Buses were:
China $3.94B
Turkey $2.49B
Japan $2.3B
In 2023, Nigeria's main importing competitors in Buses were:

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Trade Value of Buses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBenin+ $4.73k
TOP IMPORT POTENTIALChina+ $5.86M

Buses’s highest export potential is Benin. With an export gap of $4.73k.   Buses’s highest import potential is China with an import gap of $5.86M.

See methodology.

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