2022
Exports
$1.1MWorld Rnk 53 / 152
Flag Rnk 176 / 1077
2022
PRODUCT COMPLEXITY IN Granite
-1.39Rnk 929 / 1025
2022
Imports
$537kWorld Rnk 86 / 197
Flag Rnk 901 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $1.1M in Granite, making it the 53rd largest exporter of Granite in the world. At the same year, Granite was the 176th most exported product in Nigeria. The main destination of Granite exports from Nigeria are: China ($1.03M), India ($32.7k), Ghana ($24k), Pakistan ($14.5k), and Canada ($342).

The fastest growing export markets for Granite of Nigeria between 2021 and 2022 were India ($32.7k), Ghana ($24k), and Canada ($342).

Imports In 2022, Nigeria imported $537k in Granite, becoming the 86th largest importer of Granite in the world. At the same year, Granite was the 901st most imported product in Nigeria. Nigeria imports Granite primarily from: China ($251k), South Africa ($213k), Turkey ($48.2k), India ($17k), and Italy ($7.81k).

The fastest growing import markets in Granite for Nigeria between 2021 and 2022 were South Africa ($213k), Turkey ($31.8k), and South Korea ($603).

Latest Trends

Nov 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 Granite. 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)$1.1M
IMPORTS (2022)$537k
NET TRADE (2022)$561k

In 2022, Nigeria exported $1.1M in Granite. The main destinations of Nigeria exports on Granite were China ($1.03M), India ($32.7k), Ghana ($24k), Pakistan ($14.5k), and Canada ($342).

In 2022, Nigeria imported $537k in Granite, mainly from China ($251k), South Africa ($213k), Turkey ($48.2k), India ($17k), and Italy ($7.81k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Granite EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
India$32.7k (1%)
Ghana$24k (1%)
Canada$342 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Granite BY Nigeria WERE (2021 - 2022):
China-$1.34M (-56.6%)
Pakistan-$22.1k (-60.5%)
Togo-$15.7k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Granite were:
In 2022, Nigeria's main importing competitors in Granite were:

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Trade Value of Granite by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $709k
TOP IMPORT POTENTIALSouth Africa+ $74.4k

Granite’s highest export potential is China. With an export gap of $709k.   Granite’s highest import potential is South Africa with an import gap of $74.4k.

See methodology.

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