2022
Exports
$237kWorld Rnk 123 / 203
Flag Rnk 327 / 1077
2022
PRODUCT COMPLEXITY IN Rubber Tires
0.16Rnk 500 / 1025
2022
Imports
$394MWorld Rnk 45 / 225
Flag Rnk 23 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $237k in Rubber Tires, making it the 123rd largest exporter of Rubber Tires in the world. At the same year, Rubber Tires was the 327th most exported product in Nigeria. The main destination of Rubber Tires exports from Nigeria are: Niger ($140k), Benin ($81.8k), Sao Tome and Principe ($6.33k), France ($5k), and Democratic Republic of the Congo ($1.59k).

The fastest growing export markets for Rubber Tires of Nigeria between 2021 and 2022 were Sao Tome and Principe ($6.33k), France ($5k), and Democratic Republic of the Congo ($1.59k).

Imports In 2022, Nigeria imported $394M in Rubber Tires, becoming the 45th largest importer of Rubber Tires in the world. At the same year, Rubber Tires was the 23rd most imported product in Nigeria. Nigeria imports Rubber Tires primarily from: China ($334M), India ($16.6M), Thailand ($13.5M), Japan ($5.05M), and Turkey ($3.8M).

The fastest growing import markets in Rubber Tires for Nigeria between 2021 and 2022 were Kenya ($2.62M), Turkey ($1.3M), and Romania ($638k).

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 Rubber Tires. 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)$237k
IMPORTS (2022)$394M
NET TRADE (2022)-$394M

In 2022, Nigeria exported $237k in Rubber Tires. The main destinations of Nigeria exports on Rubber Tires were Niger ($140k), Benin ($81.8k), Sao Tome and Principe ($6.33k), France ($5k), and Democratic Republic of the Congo ($1.59k).

In 2022, Nigeria imported $394M in Rubber Tires, mainly from China ($334M), India ($16.6M), Thailand ($13.5M), Japan ($5.05M), and Turkey ($3.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Tires EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Tires BY Nigeria WERE (2021 - 2022):
Cameroon-$199k (-100%)
Benin-$35.3k (-30.1%)
Niger-$25.9k (-15.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Rubber Tires were:
In 2022, Nigeria's main importing competitors in Rubber Tires were:

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Trade Value of Rubber Tires by Exporters

Potential Exports

Potential Exports

Flow
View
N/AN/AN/A
TOP IMPORT POTENTIALChina+ $18.6M

Rubber Tires’s highest export potential is N/A. With an export gap of N/A.   Rubber Tires’s highest import potential is China with an import gap of $18.6M.

See methodology.

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