2022
Exports
$353kWorld Rnk 102 / 151
Flag Rnk 278 / 1077
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron
0.41Rnk 402 / 1025
2022
Imports
$373MWorld Rnk 43 / 214
Flag Rnk 26 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $353k in Hot-Rolled Iron, making it the 102nd largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 278th most exported product in Nigeria. The main destination of Hot-Rolled Iron exports from Nigeria are: Niger ($264k), Benin ($80k), Czechia ($8.73k), Canada ($281), and Ireland ($4).

The fastest growing export markets for Hot-Rolled Iron of Nigeria between 2021 and 2022 were Niger ($244k), Benin ($53.4k), and Czechia ($8.73k).

Imports In 2022, Nigeria imported $373M in Hot-Rolled Iron, becoming the 43rd largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 26th most imported product in Nigeria. Nigeria imports Hot-Rolled Iron primarily from: China ($247M), Chinese Taipei ($35.4M), Brazil ($25.1M), Ukraine ($20.3M), and South Korea ($15.6M).

The fastest growing import markets in Hot-Rolled Iron for Nigeria between 2021 and 2022 were China ($185M), Chinese Taipei ($35.4M), and Brazil ($25.1M).

Latest Trends

Jul 2024

Subnational Monthly Trade

View
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 Hot-Rolled Iron. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$353k
IMPORTS (2022)$373M
NET TRADE (2022)-$373M

In 2022, Nigeria exported $353k in Hot-Rolled Iron. The main destinations of Nigeria exports on Hot-Rolled Iron were Niger ($264k), Benin ($80k), Czechia ($8.73k), Canada ($281), and Ireland ($4).

In 2022, Nigeria imported $373M in Hot-Rolled Iron, mainly from China ($247M), Chinese Taipei ($35.4M), Brazil ($25.1M), Ukraine ($20.3M), and South Korea ($15.6M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Niger$244k (1.22k%)
Benin$53.4k (200%)
Czechia$8.73k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Nigeria WERE (2021 - 2022):Cameroon-$508 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Nigeria's main exporting competitors in Hot-Rolled Iron were:
Japan $11.2B
China $11.2B
In 2022, Nigeria's main importing competitors in Hot-Rolled Iron were:

Explore Visualizations

Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBenin+ $50.7k
TOP IMPORT POTENTIALJapan+ $14.1M

Hot-Rolled Iron’s highest export potential is Benin. With an export gap of $50.7k.   Hot-Rolled Iron’s highest import potential is Japan with an import gap of $14.1M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with