2022
Exports
$117kWorld Rnk 129 / 167
Flag Rnk 397 / 1077
2022
PRODUCT COMPLEXITY IN Tractors
0.95Rnk 194 / 1025
2022
Imports
$237MWorld Rnk 50 / 215
Flag Rnk 44 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $117k in Tractors, making it the 129th largest exporter of Tractors in the world. At the same year, Tractors was the 397th most exported product in Nigeria. The main destination of Tractors exports from Nigeria are: Niger ($71.6k), Benin ($45.2k), and Angola ($345).

The fastest growing export markets for Tractors of Nigeria between 2021 and 2022 were Niger ($69.8k), Benin ($24.5k), and Angola ($345).

Imports In 2022, Nigeria imported $237M in Tractors, becoming the 50th largest importer of Tractors in the world. At the same year, Tractors was the 44th most imported product in Nigeria. Nigeria imports Tractors primarily from: China ($192M), United States ($12.9M), Netherlands ($10.2M), Belgium ($4.8M), and Pakistan ($3.09M).

The fastest growing import markets in Tractors for Nigeria between 2021 and 2022 were China ($1.57M), United Arab Emirates ($979k), and Ukraine ($462k).

Latest Trends

Sep 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 Tractors. 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)$117k
IMPORTS (2022)$237M
NET TRADE (2022)-$237M

In 2022, Nigeria exported $117k in Tractors. The main destinations of Nigeria exports on Tractors were Niger ($71.6k), Benin ($45.2k), and Angola ($345).

In 2022, Nigeria imported $237M in Tractors, mainly from China ($192M), United States ($12.9M), Netherlands ($10.2M), Belgium ($4.8M), and Pakistan ($3.09M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tractors EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Niger$69.8k (3.97k%)
Benin$24.5k (118%)
Angola$345 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tractors BY Nigeria WERE (2021 - 2022):
Cameroon-$11.3k (-100%)
Egypt-$9.84k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Tractors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBenin+ $35.3k
TOP IMPORT POTENTIALNetherlands+ $8.85M

Tractors’s highest export potential is Benin. With an export gap of $35.3k.   Tractors’s highest import potential is Netherlands with an import gap of $8.85M.

See methodology.

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