2018
Exports
$31kWorld Rnk 106 / 149
Flag Rnk 575 / 1096
2023
PRODUCT COMPLEXITY IN Other Steel Bars
0.32Rnk 450 / 1025
2018
Imports
$1.55MWorld Rnk 117 / 213
Flag Rnk 751 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2018, Nigeria exported $31k in Other Steel Bars, making it the 106th largest exporter of Other Steel Bars in the world. At the same year, Other Steel Bars was the 575th most exported product in Nigeria. The main destination of Other Steel Bars exports from Nigeria are: Cote d'Ivoire ($20.7k), Benin ($9.77k), Niger ($458), and Canada ($54).

The fastest growing export markets for Other Steel Bars of Nigeria between 2022 and 2023 were Benin ($8.96k), Niger ($394), and Canada ($52).

Imports In 2023, Nigeria imported $1.55M in Other Steel Bars, becoming the 117th largest importer of Other Steel Bars in the world. At the same year, Other Steel Bars was the 751st most imported product in Nigeria. Nigeria imports Other Steel Bars primarily from: China ($1.07M), India ($173k), Greece ($100k), United Kingdom ($91k), and United Arab Emirates ($48.8k).

The fastest growing import markets in Other Steel Bars for Nigeria between 2022 and 2023 were China ($542k), Greece ($100k), and United Kingdom ($78.8k).

Latest Trends

Jan 2025

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 Steel 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 (2023)$31k
IMPORTS (2023)$1.55M
NET TRADE (2023)-$1.52M

In 2023, Nigeria exported $31k in Other Steel Bars. The main destinations of Nigeria exports on Other Steel Bars were Cote d'Ivoire ($20.7k), Benin ($9.77k), Niger ($458), and Canada ($54).

In 2023, Nigeria imported $1.55M in Other Steel Bars, mainly from China ($1.07M), India ($173k), Greece ($100k), United Kingdom ($91k), and United Arab Emirates ($48.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Steel Bars EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Benin$8.96k (1.11k%)
Niger$394 (616%)
Canada$52 (2.6k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Steel Bars BY Nigeria WERE (2022 - 2023):
Cote d'Ivoire-$10.8k (-34.3%)
Switzerland-$896 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Other Steel Bars were:
China $3.16B
Germany $1.62B
Japan $940M
In 2023, Nigeria's main importing competitors in Other Steel Bars were:

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Trade Value of Other Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSwitzerland+ $1.61k
TOP IMPORT POTENTIALChina+ $611k

Other Steel Bars’s highest export potential is Switzerland. With an export gap of $1.61k.   Other Steel Bars’s highest import potential is China with an import gap of $611k.

See methodology.

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