2022
Exports
$3.06MWorld Rnk 50 / 148
Flag Rnk 113 / 1077
2022
PRODUCT COMPLEXITY IN Other Iron Bars
-0.18Rnk 608 / 1025
2022
Imports
$383kWorld Rnk 150 / 213
Flag Rnk 939 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $3.06M in Other Iron Bars, making it the 50th largest exporter of Other Iron Bars in the world. At the same year, Other Iron Bars was the 113th most exported product in Nigeria. The main destination of Other Iron Bars exports from Nigeria are: Benin ($2.79M), Togo ($255k), Niger ($17.2k), and South Africa ($10).

The fastest growing export markets for Other Iron Bars of Nigeria between 2021 and 2022 were Benin ($952k), Niger ($4.64k), and South Africa ($10).

Imports In 2022, Nigeria imported $383k in Other Iron Bars, becoming the 150th largest importer of Other Iron Bars in the world. At the same year, Other Iron Bars was the 939th most imported product in Nigeria. Nigeria imports Other Iron Bars primarily from: China ($218k), India ($133k), Germany ($12.7k), United Arab Emirates ($8.15k), and United Kingdom ($6.87k).

The fastest growing import markets in Other Iron Bars for Nigeria between 2021 and 2022 were China ($167k), India ($7.38k), and United Arab Emirates ($7.34k).

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 Other Iron Bars. 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)$3.06M
IMPORTS (2022)$383k
NET TRADE (2022)$2.67M

In 2022, Nigeria exported $3.06M in Other Iron Bars. The main destinations of Nigeria exports on Other Iron Bars were Benin ($2.79M), Togo ($255k), Niger ($17.2k), and South Africa ($10).

In 2022, Nigeria imported $383k in Other Iron Bars, mainly from China ($218k), India ($133k), Germany ($12.7k), United Arab Emirates ($8.15k), and United Kingdom ($6.87k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Iron Bars EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Benin$952k (51.9%)
Niger$4.64k (36.8%)
South Africa$10 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Iron Bars BY Nigeria WERE (2021 - 2022):
Togo-$16.8k (-6.17%)
Cameroon-$517 (-100%)
France-$92 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Other Iron Bars were:
In 2022, Nigeria's main importing competitors in Other Iron Bars were:

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Trade Value of Other Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNiger+ $25.2k
TOP IMPORT POTENTIALIndia+ $135k

Other Iron Bars’s highest export potential is Niger. With an export gap of $25.2k.   Other Iron Bars’s highest import potential is India with an import gap of $135k.

See methodology.

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