2023
Exports
$715kWorld Rnk 85 / 190
Flag Rnk 224 / 1096
2023
PRODUCT COMPLEXITY IN Motorcycles and cycles
0.4Rnk 414 / 1025
2023
Imports
$455MWorld Rnk 20 / 221
Flag Rnk 14 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $715k in Motorcycles and cycles, making it the 85th largest exporter of Motorcycles and cycles in the world. At the same year, Motorcycles and cycles was the 224th most exported product in Nigeria. The main destination of Motorcycles and cycles exports from Nigeria are: Niger ($243k), Benin ($227k), Central African Republic ($225k), Sao Tome and Principe ($10.6k), and Liberia ($4.65k).

The fastest growing export markets for Motorcycles and cycles of Nigeria between 2022 and 2023 were Central African Republic ($171k), Niger ($35.6k), and Liberia ($4.65k).

Imports In 2023, Nigeria imported $455M in Motorcycles and cycles, becoming the 20th largest importer of Motorcycles and cycles in the world. At the same year, Motorcycles and cycles was the 14th most imported product in Nigeria. Nigeria imports Motorcycles and cycles primarily from: India ($232M), China ($189M), Japan ($18.9M), Indonesia ($10.4M), and United States ($1.95M).

The fastest growing import markets in Motorcycles and cycles for Nigeria between 2022 and 2023 were Japan ($12.6M), Indonesia ($6.38M), and China ($2.6M).

Latest Trends

Dec 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 Motorcycles and cycles. 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 (2023)$715k
IMPORTS (2023)$455M
NET TRADE (2023)-$455M

In 2023, Nigeria exported $715k in Motorcycles and cycles. The main destinations of Nigeria exports on Motorcycles and cycles were Niger ($243k), Benin ($227k), Central African Republic ($225k), Sao Tome and Principe ($10.6k), and Liberia ($4.65k).

In 2023, Nigeria imported $455M in Motorcycles and cycles, mainly from India ($232M), China ($189M), Japan ($18.9M), Indonesia ($10.4M), and United States ($1.95M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Motorcycles and cycles EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Niger$35.6k (17.2%)
Liberia$4.65k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motorcycles and cycles BY Nigeria WERE (2022 - 2023):
Benin-$77.4k (-25.4%)
Togo-$16.6k (-89.2%)
India-$11.2k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Motorcycles and cycles were:
China $9.61B
Japan $3.39B
Germany $3.24B
In 2023, Nigeria's main importing competitors in Motorcycles and cycles were:

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Trade Value of Motorcycles and cycles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBenin+ $136k
TOP IMPORT POTENTIALChina+ $31.5M

Motorcycles and cycles’s highest export potential is Benin. With an export gap of $136k.   Motorcycles and cycles’s highest import potential is China with an import gap of $31.5M.

See methodology.

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