2022
Exports
$271kWorld Rnk 92 / 209
Flag Rnk 312 / 1077
2022
PRODUCT COMPLEXITY IN Electrical Lighting and Signalling Equipment
0.96Rnk 190 / 1025
2022
Imports
$48MWorld Rnk 54 / 222
Flag Rnk 198 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $271k in Electrical Lighting and Signalling Equipment, making it the 92nd largest exporter of Electrical Lighting and Signalling Equipment in the world. At the same year, Electrical Lighting and Signalling Equipment was the 312th most exported product in Nigeria. The main destination of Electrical Lighting and Signalling Equipment exports from Nigeria are: Benin ($215k), Netherlands ($18.5k), Angola ($17.7k), United States ($4.1k), and Kuwait ($3.71k).

The fastest growing export markets for Electrical Lighting and Signalling Equipment of Nigeria between 2021 and 2022 were Netherlands ($18.5k), Angola ($9.17k), and United States ($4.1k).

Imports In 2022, Nigeria imported $48M in Electrical Lighting and Signalling Equipment, becoming the 54th largest importer of Electrical Lighting and Signalling Equipment in the world. At the same year, Electrical Lighting and Signalling Equipment was the 198th most imported product in Nigeria. Nigeria imports Electrical Lighting and Signalling Equipment primarily from: China ($44.5M), Chinese Taipei ($1.07M), India ($671k), United States ($388k), and Germany ($341k).

The fastest growing import markets in Electrical Lighting and Signalling Equipment for Nigeria between 2021 and 2022 were China ($522k), United States ($312k), and United Arab Emirates ($92.1k).

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 Electrical Lighting and Signalling Equipment. 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)$271k
IMPORTS (2022)$48M
NET TRADE (2022)-$47.8M

In 2022, Nigeria exported $271k in Electrical Lighting and Signalling Equipment. The main destinations of Nigeria exports on Electrical Lighting and Signalling Equipment were Benin ($215k), Netherlands ($18.5k), Angola ($17.7k), United States ($4.1k), and Kuwait ($3.71k).

In 2022, Nigeria imported $48M in Electrical Lighting and Signalling Equipment, mainly from China ($44.5M), Chinese Taipei ($1.07M), India ($671k), United States ($388k), and Germany ($341k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Lighting and Signalling Equipment EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Netherlands$18.5k (1%)
Angola$9.17k (107%)
United States$4.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Lighting and Signalling Equipment BY Nigeria WERE (2021 - 2022):
Cote d'Ivoire-$147k (-100%)
Benin-$59.8k (-21.7%)
Burkina Faso-$22.8k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Electrical Lighting and Signalling Equipment were:
China $5.89B
Mexico $3.86B
Germany $3.32B
In 2022, Nigeria's main importing competitors in Electrical Lighting and Signalling Equipment were:

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Trade Value of Electrical Lighting and Signalling Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $33.3k
TOP IMPORT POTENTIALChina+ $4.73M

Electrical Lighting and Signalling Equipment’s highest export potential is United States. With an export gap of $33.3k.   Electrical Lighting and Signalling Equipment’s highest import potential is China with an import gap of $4.73M.

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