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2022
Exports $44.8kWorld Rnk 102 / 156
Flag Rnk 522 / 1077
2022
Destination $28.2k India
2021 - 2022
FASTEST GROWING MARKET $28.2kIndia
2022
PRODUCT COMPLEXITY IN Drilling Machines1.13Rnk 123 / 1025
2022
Imports $2.98MWorld Rnk 74 / 210
Flag Rnk 669 / 1182
2022
Origin $610k China
2021 - 2022
FASTEST GROWING ORIGIN $610kLebanon
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $44.8k in Drilling Machines, making it the 102nd largest exporter of Drilling Machines in the world. At the same year, Drilling Machines was the 522nd most exported product in Nigeria. The main destination of Drilling Machines exports from Nigeria are: India ($28.3k), Netherlands ($11.5k), Italy ($2.08k), South Korea ($1.94k), and Benin ($605).

The fastest growing export markets for Drilling Machines of Nigeria between 2021 and 2022 were India ($28.2k), Netherlands ($11.5k), and Italy ($2.08k).

Imports In 2022, Nigeria imported $2.98M in Drilling Machines, becoming the 74th largest importer of Drilling Machines in the world. At the same year, Drilling Machines was the 669th most imported product in Nigeria. Nigeria imports Drilling Machines primarily from: China ($646k), Lebanon ($615k), Italy ($318k), Spain ($317k), and United States ($316k).

The fastest growing import markets in Drilling Machines for Nigeria between 2021 and 2022 were Lebanon ($610k), Spain ($317k), and France ($114k).

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 Drilling Machines. 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)$44.8k
IMPORTS (2022)$2.98M
NET TRADE (2022)-$2.94M

In 2022, Nigeria exported $44.8k in Drilling Machines. The main destinations of Nigeria exports on Drilling Machines were India ($28.3k), Netherlands ($11.5k), Italy ($2.08k), South Korea ($1.94k), and Benin ($605).

In 2022, Nigeria imported $2.98M in Drilling Machines, mainly from China ($646k), Lebanon ($615k), Italy ($318k), Spain ($317k), and United States ($316k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Drilling Machines EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
India$28.2k (68.9k%)
Netherlands$11.5k (1%)
Italy$2.08k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drilling Machines BY Nigeria WERE (2021 - 2022):
Cameroon-$2.3k (-100%)
Niger-$189 (-100%)
South Africa-$24 (-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 Drilling Machines were:
Germany $530M
China $481M
Italy $319M
In 2022, Nigeria's main importing competitors in Drilling Machines were:
China $323M
United States $317M
Germany $221M

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Trade Value of Drilling Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $28.7k
TOP IMPORT POTENTIALChina+ $437k

Drilling Machines’s highest export potential is India. With an export gap of $28.7k.   Drilling Machines’s highest import potential is China with an import gap of $437k.

See methodology.

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