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2022
Exports $5.96MWorld Rnk 32 / 84
Flag Rnk 85 / 1077
2022
Destination $4.61M Cote d'Ivoire
2021 - 2022
FASTEST GROWING MARKET $4.61MCote d'Ivoire
2022
PRODUCT COMPLEXITY IN Tug Boats-0.93Rnk 819 / 1025
2022
Imports $14.4MWorld Rnk 37 / 141
Flag Rnk 401 / 1182
2022
Origin $7.77M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $7.77MSingapore
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $5.96M in Tug Boats, making it the 32nd largest exporter of Tug Boats in the world. At the same year, Tug Boats was the 85th most exported product in Nigeria. The main destination of Tug Boats exports from Nigeria are: Cote d'Ivoire ($4.61M) and Republic of the Congo ($1.35M).

The fastest growing export markets for Tug Boats of Nigeria between 2021 and 2022 were Cote d'Ivoire ($4.61M) and Republic of the Congo ($1.35M).

Imports In 2022, Nigeria imported $14.4M in Tug Boats, becoming the 37th largest importer of Tug Boats in the world. At the same year, Tug Boats was the 401st most imported product in Nigeria. Nigeria imports Tug Boats primarily from: Singapore ($7.77M), Spain ($4.88M), United Arab Emirates ($1.01M), Netherlands ($407k), and United States ($339k).

The fastest growing import markets in Tug Boats for Nigeria between 2021 and 2022 were Singapore ($7.77M), Spain ($4.88M), and Netherlands ($407k).

Latest Trends

Oct 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 Tug Boats. 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)$5.96M
IMPORTS (2022)$14.4M
NET TRADE (2022)-$8.45M

In 2022, Nigeria exported $5.96M in Tug Boats. The main destinations of Nigeria exports on Tug Boats were Cote d'Ivoire ($4.61M) and Republic of the Congo ($1.35M).

In 2022, Nigeria imported $14.4M in Tug Boats, mainly from Singapore ($7.77M), Spain ($4.88M), United Arab Emirates ($1.01M), Netherlands ($407k), and United States ($339k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tug Boats EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Cote d'Ivoire$4.61M (1%)
Republic of the Congo$1.35M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tug Boats BY Nigeria WERE (2021 - 2022):Angola-$382k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Tug Boats were:
China $444M
Qatar $340M
Singapore $339M
In 2022, Nigeria's main importing competitors in Tug Boats were:
United Arab Emirates $453M
India $364M
Singapore $195M

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Trade Value of Tug Boats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $4.34k
TOP IMPORT POTENTIALNetherlands+ $211k

Tug Boats’s highest export potential is India. With an export gap of $4.34k.   Tug Boats’s highest import potential is Netherlands with an import gap of $211k.

See methodology.

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