2021
Exports
$1.79kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Steel Bars
0.38Rnk 420 / 1025
2021
Imports
$1.08MWorld Rnk 83 / 166
Flag Rnk 795 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Imports In 2023, Nigeria imported $1.08M in Steel Bars, becoming the 83rd largest importer of Steel Bars in the world. At the same year, Steel Bars was the 795th most imported product in Nigeria. Nigeria imports Steel Bars primarily from: China ($1.07M), South Korea ($5.47k), Netherlands ($4.45k), France ($4.44k), and India ($1.19k).

The fastest growing import markets in Steel Bars for Nigeria between 2022 and 2023 were South Korea ($5.47k), Netherlands ($4.42k), and France ($2.8k).

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 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 (2021)$1.79k
IMPORTS (2023)$1.08M
NET TRADE (2023)-$1.08M

In 2023, Nigeria imported $1.08M in Steel Bars, mainly from China ($1.07M), South Korea ($5.47k), Netherlands ($4.45k), France ($4.44k), and India ($1.19k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Steel Bars were:
In 2023, Nigeria's main importing competitors in Steel Bars were:

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Trade Value of Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $622
TOP IMPORT POTENTIALChina+ $526k

Steel Bars’s highest export potential is United States. With an export gap of $622.   Steel Bars’s highest import potential is China with an import gap of $526k.

See methodology.

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