2023
Exports
$60.1MWorld Rnk 12 / 159
Flag Rnk 33 / 1096
2023
PRODUCT COMPLEXITY IN Wood Charcoal
-1.31Rnk 902 / 1025
2023
Imports
$160kWorld Rnk 115 / 208
Flag Rnk 1006 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $60.1M in Wood Charcoal, making it the 12th largest exporter of Wood Charcoal in the world. At the same year, Wood Charcoal was the 33rd most exported product in Nigeria. The main destination of Wood Charcoal exports from Nigeria are: United Arab Emirates ($10.4M), Portugal ($8.1M), Lebanon ($5.76M), Poland ($4.97M), and Italy ($4.65M).

The fastest growing export markets for Wood Charcoal of Nigeria between 2022 and 2023 were Portugal ($2.99M), United Arab Emirates ($2.2M), and Poland ($1.83M).

Imports In 2018, Nigeria imported $160k in Wood Charcoal, becoming the 115th largest importer of Wood Charcoal in the world. At the same year, Wood Charcoal was the 1006th most imported product in Nigeria. Nigeria imports Wood Charcoal primarily from: China ($132k), Indonesia ($25.3k), India ($2.5k), Ghana ($147), and United States ($40).

The fastest growing import markets in Wood Charcoal for Nigeria between 2022 and 2023 were India ($2.5k), Ghana ($147), and United States ($40).

Latest Trends

Dec 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 Wood Charcoal. 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 (2023)$60.1M
IMPORTS (2023)$160k
NET TRADE (2023)$59.9M

In 2023, Nigeria exported $60.1M in Wood Charcoal. The main destinations of Nigeria exports on Wood Charcoal were United Arab Emirates ($10.4M), Portugal ($8.1M), Lebanon ($5.76M), Poland ($4.97M), and Italy ($4.65M).

In 2023, Nigeria imported $160k in Wood Charcoal, mainly from China ($132k), Indonesia ($25.3k), India ($2.5k), Ghana ($147), and United States ($40).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wood Charcoal EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Portugal$2.99M (58.5%)
Poland$1.83M (58.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Charcoal BY Nigeria WERE (2022 - 2023):
South Korea-$7.09M (-100%)
Kuwait-$1.5M (-40%)
Lebanon-$672k (-10.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Wood Charcoal were:
In 2023, Nigeria's main importing competitors in Wood Charcoal were:

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Trade Value of Wood Charcoal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.48M
TOP IMPORT POTENTIALIndonesia+ $159k

Wood Charcoal’s highest export potential is China. With an export gap of $1.48M.   Wood Charcoal’s highest import potential is Indonesia with an import gap of $159k.

See methodology.

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