2023
Exports
$10.9kWorld Rnk 115 / 161
Flag Rnk 708 / 1096
2023
PRODUCT COMPLEXITY IN Soldering and Welding Machinery
1.42Rnk 59 / 1025
2023
Imports
$3.55MWorld Rnk 54 / 218
Flag Rnk 631 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $10.9k in Soldering and Welding Machinery, making it the 115th largest exporter of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 708th most exported product in Nigeria. The main destination of Soldering and Welding Machinery exports from Nigeria are: Netherlands ($5.29k), Gambia ($2.48k), Uganda ($1.22k), Italy ($1.13k), and Austria ($302).

The fastest growing export markets for Soldering and Welding Machinery of Nigeria between 2022 and 2023 were Netherlands ($5.29k), Gambia ($2.48k), and Uganda ($1.22k).

Imports In 2023, Nigeria imported $3.55M in Soldering and Welding Machinery, becoming the 54th largest importer of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 631st most imported product in Nigeria. Nigeria imports Soldering and Welding Machinery primarily from: China ($1.67M), United States ($384k), South Africa ($361k), Malawi ($222k), and India ($208k).

The fastest growing import markets in Soldering and Welding Machinery for Nigeria between 2022 and 2023 were Malawi ($222k), United States ($125k), and Netherlands ($98.2k).

Latest Trends

Jan 2025

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 Soldering and Welding Machinery. 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 (2023)$10.9k
IMPORTS (2023)$3.55M
NET TRADE (2023)-$3.54M

In 2023, Nigeria exported $10.9k in Soldering and Welding Machinery. The main destinations of Nigeria exports on Soldering and Welding Machinery were Netherlands ($5.29k), Gambia ($2.48k), Uganda ($1.22k), Italy ($1.13k), and Austria ($302).

In 2023, Nigeria imported $3.55M in Soldering and Welding Machinery, mainly from China ($1.67M), United States ($384k), South Africa ($361k), Malawi ($222k), and India ($208k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soldering and Welding Machinery EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Netherlands$5.29k (1%)
Gambia$2.48k (1%)
Uganda$1.22k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soldering and Welding Machinery BY Nigeria WERE (2022 - 2023):
United States-$3.14k (-100%)
India-$929 (-100%)
South Africa-$194 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Nigeria's main exporting competitors in Soldering and Welding Machinery were:
In 2023, Nigeria's main importing competitors in Soldering and Welding Machinery were:

Explore Visualizations

Trade Value of Soldering and Welding Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.21k
TOP IMPORT POTENTIALChina+ $479k

Soldering and Welding Machinery’s highest export potential is United States. With an export gap of $6.21k.   Soldering and Welding Machinery’s highest import potential is China with an import gap of $479k.

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