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2022
Exports $185kWorld Rnk 120 / 165
Flag Rnk 354 / 1077
2022
Destination $11.1k Benin
2021 - 2022
FASTEST GROWING MARKET $11.1kSouth Africa
2022
PRODUCT COMPLEXITY IN Coated Flat-Rolled Iron0.04Rnk 538 / 1025
2022
Imports $365MWorld Rnk 43 / 218
Flag Rnk 30 / 1182
2022
Origin $23.9M China
2021 - 2022
FASTEST GROWING ORIGIN $23.9MNetherlands
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $185k in Coated Flat-Rolled Iron, making it the 120th largest exporter of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 354th most exported product in Nigeria. The main destination of Coated Flat-Rolled Iron exports from Nigeria are: Benin ($163k), South Africa ($11.1k), Niger ($10.9k), Netherlands ($60), and France ($51).

The fastest growing export markets for Coated Flat-Rolled Iron of Nigeria between 2021 and 2022 were South Africa ($11.1k), Niger ($3.09k), and Netherlands ($60).

Imports In 2022, Nigeria imported $365M in Coated Flat-Rolled Iron, becoming the 43rd largest importer of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 30th most imported product in Nigeria. Nigeria imports Coated Flat-Rolled Iron primarily from: China ($288M), Netherlands ($54M), Germany ($11.1M), Singapore ($4.27M), and India ($2.19M).

The fastest growing import markets in Coated Flat-Rolled Iron for Nigeria between 2021 and 2022 were Netherlands ($23.9M), Singapore ($2.07M), and Germany ($826k).

Latest Trends

Jul 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 Coated Flat-Rolled Iron. 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)$185k
IMPORTS (2022)$365M
NET TRADE (2022)-$365M

In 2022, Nigeria exported $185k in Coated Flat-Rolled Iron. The main destinations of Nigeria exports on Coated Flat-Rolled Iron were Benin ($163k), South Africa ($11.1k), Niger ($10.9k), Netherlands ($60), and France ($51).

In 2022, Nigeria imported $365M in Coated Flat-Rolled Iron, mainly from China ($288M), Netherlands ($54M), Germany ($11.1M), Singapore ($4.27M), and India ($2.19M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coated Flat-Rolled Iron EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
South Africa$11.1k (1%)
Niger$3.09k (39.6%)
Netherlands$60 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coated Flat-Rolled Iron BY Nigeria WERE (2021 - 2022):
Benin-$28.4k (-14.9%)
Burkina Faso-$1.37k (-100%)
Cameroon-$102 (-100%)
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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 Coated Flat-Rolled Iron were:
China $18B
South Korea $7.45B
Germany $4.59B
In 2022, Nigeria's main importing competitors in Coated Flat-Rolled Iron were:
United States $7.12B
Germany $3.93B
Poland $3.01B

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Trade Value of Coated Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBenin+ $74.1k
TOP IMPORT POTENTIALChina+ $15.6M

Coated Flat-Rolled Iron’s highest export potential is Benin. With an export gap of $74.1k.   Coated Flat-Rolled Iron’s highest import potential is China with an import gap of $15.6M.

See methodology.

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