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2022
Exports $2.81kWorld Rnk 97 / 136
Flag Rnk 830 / 1077
2022
Destination $905 Democratic Republic of the Congo
2021 - 2022
FASTEST GROWING MARKET $905Angola
2022
Imports $677kWorld Rnk 51 / 205
Flag Rnk 877 / 1182
2022
Origin $349k China
2021 - 2022
FASTEST GROWING ORIGIN $349kChina
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $2.81k in Hard Rubber, making it the 97th largest exporter of Hard Rubber in the world. At the same year, Hard Rubber was the 830th most exported product in Nigeria. The main destination of Hard Rubber exports from Nigeria are: Democratic Republic of the Congo ($1.91k) and Angola ($905).

The fastest growing export markets for Hard Rubber of Nigeria between 2021 and 2022 were Angola ($905).

Imports In 2022, Nigeria imported $677k in Hard Rubber, becoming the 51st largest importer of Hard Rubber in the world. At the same year, Hard Rubber was the 877th most imported product in Nigeria. Nigeria imports Hard Rubber primarily from: China ($464k), Chinese Taipei ($92.5k), India ($50.3k), France ($24.8k), and Spain ($17.5k).

The fastest growing import markets in Hard Rubber for Nigeria between 2021 and 2022 were China ($349k), India ($23.2k), and Spain ($17.2k).

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 Hard Rubber. 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)$2.81k
IMPORTS (2022)$677k
NET TRADE (2022)-$674k

In 2022, Nigeria exported $2.81k in Hard Rubber. The main destinations of Nigeria exports on Hard Rubber were Democratic Republic of the Congo ($1.91k) and Angola ($905).

In 2022, Nigeria imported $677k in Hard Rubber, mainly from China ($464k), Chinese Taipei ($92.5k), India ($50.3k), France ($24.8k), and Spain ($17.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hard Rubber EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):Angola$905 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hard Rubber BY Nigeria WERE (2021 - 2022):
Cote d'Ivoire-$3.13k (-100%)
Democratic Republic of the Congo-$1.99k (-51.1%)
Burkina Faso-$189 (-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 Hard Rubber were:
China $67.4M
Chinese Taipei $47.2M
Thailand $20.4M
In 2022, Nigeria's main importing competitors in Hard Rubber were:
United States $33.1M
Japan $30.6M
China $17.7M

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Trade Value of Hard Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $397
TOP IMPORT POTENTIALChina+ $34.1k

Hard Rubber’s highest export potential is United States. With an export gap of $397.   Hard Rubber’s highest import potential is China with an import gap of $34.1k.

See methodology.

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