2023
Exports
$61.1MWorld Rnk 49 / 175
Flag Rnk 30 / 1096
2023
PRODUCT COMPLEXITY IN Cement
-1.48Rnk 943 / 1025
2023
Imports
$14MWorld Rnk 134 / 224
Flag Rnk 382 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $61.1M in Cement, making it the 49th largest exporter of Cement in the world. At the same year, Cement was the 30th most exported product in Nigeria. The main destination of Cement exports from Nigeria are: Niger ($32.8M), Cameroon ($13.8M), Togo ($11.2M), Ghana ($3.21M), and Benin ($2.3k).

The fastest growing export markets for Cement of Nigeria between 2022 and 2023 were Cameroon ($8.93M), Ghana ($3.21M), and Benin ($1.28k).

Imports In 2023, Nigeria imported $14M in Cement, becoming the 134th largest importer of Cement in the world. At the same year, Cement was the 382nd most imported product in Nigeria. Nigeria imports Cement primarily from: Germany ($5.76M), United Arab Emirates ($5.04M), Mozambique ($1.38M), China ($873k), and Turkey ($287k).

The fastest growing import markets in Cement for Nigeria between 2022 and 2023 were Germany ($1.9M), Mozambique ($1.38M), and China ($663k).

Latest Trends

Dec 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 Cement. 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)$61.1M
IMPORTS (2023)$14M
NET TRADE (2023)$47.1M

In 2023, Nigeria exported $61.1M in Cement. The main destinations of Nigeria exports on Cement were Niger ($32.8M), Cameroon ($13.8M), Togo ($11.2M), Ghana ($3.21M), and Benin ($2.3k).

In 2023, Nigeria imported $14M in Cement, mainly from Germany ($5.76M), United Arab Emirates ($5.04M), Mozambique ($1.38M), China ($873k), and Turkey ($287k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cement EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Cameroon$8.93M (182%)
Ghana$3.21M (620k%)
Benin$1.28k (124%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cement BY Nigeria WERE (2022 - 2023):
Niger-$29.3M (-47.2%)
Togo-$10.6M (-48.7%)
Burkina Faso-$136k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Cement were:
Turkey $1.65B
Vietnam $1.58B
Egypt $841M
In 2023, Nigeria's main importing competitors in Cement were:

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Trade Value of Cement by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCameroon+ $2.41M
TOP IMPORT POTENTIALGermany+ $791k

Cement’s highest export potential is Cameroon. With an export gap of $2.41M.   Cement’s highest import potential is Germany with an import gap of $791k.

See methodology.

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