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Pricing

2021
Exports $3.69kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2021
Imports $404kWorld Rnk 80 / 207
Flag Rnk 932 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Imports In 2022, Nigeria imported $404k in Unvulcanised Rubber Products, becoming the 80th largest importer of Unvulcanised Rubber Products in the world. At the same year, Unvulcanised Rubber Products was the 932nd most imported product in Nigeria. Nigeria imports Unvulcanised Rubber Products primarily from: United States ($233k), China ($59.3k), South Africa ($54.7k), Germany ($23.8k), and United Kingdom ($7.63k).

The fastest growing import markets in Unvulcanised Rubber Products for Nigeria between 2021 and 2022 were United States ($95.2k), South Africa ($24.8k), and Germany ($9.99k).

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 Unvulcanised Rubber Products. 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)$3.69k
IMPORTS (2022)$404k
NET TRADE (2022)-$404k

In 2022, Nigeria imported $404k in Unvulcanised Rubber Products, mainly from United States ($233k), China ($59.3k), South Africa ($54.7k), Germany ($23.8k), and United Kingdom ($7.63k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unvulcanised Rubber Products BY Nigeria WERE (N/A - 2021):
Niger-$2.3k (-100%)
Cote d'Ivoire-$700 (-100%)
Malaysia-$635 (-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 Unvulcanised Rubber Products were:
Germany $67.8M
Italy $66.8M
United States $65.7M
In 2022, Nigeria's main importing competitors in Unvulcanised Rubber Products were:
Germany $31.8M
United States $30.2M
France $28.4M

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Trade Value of Unvulcanised Rubber Products by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $353
TOP IMPORT POTENTIALUnited States+ $52.4k

Unvulcanised Rubber Products’s highest export potential is United States. With an export gap of $353.   Unvulcanised Rubber Products’s highest import potential is United States with an import gap of $52.4k.

See methodology.

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