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2022
Exports $153MWorld Rnk 53 / 98
Flag Rnk 13 / 1077
2022
Destination $1.64M Niger
2021 - 2022
FASTEST GROWING MARKET $1.64MBenin
2022
PRODUCT COMPLEXITY IN Electricity-0.67Rnk 750 / 1025
2022
Imports $279World Rnk 127 / 128
Flag Rnk 1174 / 1182
2022
Origin $279 Germany
2021 - 2022
FASTEST GROWING ORIGIN $279Germany
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $153M in Electricity, making it the 53rd largest exporter of Electricity in the world. At the same year, Electricity was the 13th most exported product in Nigeria. The main destination of Electricity exports from Nigeria are: Niger ($64.3M), Benin ($63.7M), and Togo ($24.9M).

The fastest growing export markets for Electricity of Nigeria between 2021 and 2022 were Benin ($1.64M).

Imports In 2022, Nigeria imported $279 in Electricity, becoming the 127th largest importer of Electricity in the world. At the same year, Electricity was the 1174th most imported product in Nigeria. Nigeria imports Electricity primarily from: Germany ($279).

The fastest growing import markets in Electricity for Nigeria between 2021 and 2022 were Germany ($279).

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 Electricity. 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)$153M
IMPORTS (2022)$279
NET TRADE (2022)$153M

In 2022, Nigeria exported $153M in Electricity. The main destinations of Nigeria exports on Electricity were Niger ($64.3M), Benin ($63.7M), and Togo ($24.9M).

In 2022, Nigeria imported $279 in Electricity, mainly from Germany ($279).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electricity EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):Benin$1.64M (2.64%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY Nigeria WERE (2021 - 2022):
Togo-$11.5M (-31.7%)
Niger-$2.66M (-3.97%)
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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 Electricity were:
Germany $18B
France $11.1B
Switzerland $9.26B
In 2022, Nigeria's main importing competitors in Electricity were:
France $14.6B
Germany $12.9B
Italy $11.9B

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Trade Value of Electricity by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.01k
TOP IMPORT POTENTIALGermany+ $2.11k

Electricity’s highest export potential is United States. With an export gap of $8.01k.   Electricity’s highest import potential is Germany with an import gap of $2.11k.

See methodology.

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