2022
Exports
$1.25MWorld Rnk 89 / 169
Flag Rnk 171 / 1077
2022
PRODUCT COMPLEXITY IN Cranes
0.76Rnk 258 / 1025
2022
Imports
$146MWorld Rnk 35 / 215
Flag Rnk 73 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $1.25M in Cranes, making it the 89th largest exporter of Cranes in the world. At the same year, Cranes was the 171st most exported product in Nigeria. The main destination of Cranes exports from Nigeria are: Netherlands ($1.04M), Niger ($202k), Benin ($1.12k), and South Africa ($329).

The fastest growing export markets for Cranes of Nigeria between 2021 and 2022 were Netherlands ($1.04M), Niger ($202k), and Benin ($1.12k).

Imports In 2022, Nigeria imported $146M in Cranes, becoming the 35th largest importer of Cranes in the world. At the same year, Cranes was the 73rd most imported product in Nigeria. Nigeria imports Cranes primarily from: China ($90.1M), Germany ($18.7M), Algeria ($6.74M), United States ($6.28M), and Italy ($4.34M).

The fastest growing import markets in Cranes for Nigeria between 2021 and 2022 were China ($57.5M), Germany ($13.9M), and Algeria ($6.31M).

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 Cranes. 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)$1.25M
IMPORTS (2022)$146M
NET TRADE (2022)-$145M

In 2022, Nigeria exported $1.25M in Cranes. The main destinations of Nigeria exports on Cranes were Netherlands ($1.04M), Niger ($202k), Benin ($1.12k), and South Africa ($329).

In 2022, Nigeria imported $146M in Cranes, mainly from China ($90.1M), Germany ($18.7M), Algeria ($6.74M), United States ($6.28M), and Italy ($4.34M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cranes EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Netherlands$1.04M (1%)
Niger$202k (70.4k%)
Benin$1.12k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cranes BY Nigeria WERE (2021 - 2022):
Italy-$1.75M (-100%)
United Kingdom-$101k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Cranes were:
China $4.1B
Germany $1.93B
Italy $1.28B
In 2022, Nigeria's main importing competitors in Cranes were:

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Trade Value of Cranes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $171k
TOP IMPORT POTENTIALGermany+ $5.07M

Cranes’s highest export potential is Netherlands. With an export gap of $171k.   Cranes’s highest import potential is Germany with an import gap of $5.07M.

See methodology.

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