2021
Exports
$13.1kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2021
Imports
$64.7kWorld Rnk 62 / 147
Flag Rnk 1048 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Imports In 2022, Nigeria imported $64.7k in Wood Tar, Oils and Pitch, becoming the 62nd largest importer of Wood Tar, Oils and Pitch in the world. At the same year, Wood Tar, Oils and Pitch was the 1048th most imported product in Nigeria. Nigeria imports Wood Tar, Oils and Pitch primarily from: India ($50.7k) and South Africa ($14k).

The fastest growing import markets in Wood Tar, Oils and Pitch for Nigeria between 2021 and 2022 were South Africa ($14k).

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 Wood Tar, Oils and Pitch. 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)$13.1k
IMPORTS (2022)$64.7k
NET TRADE (2022)-$64.7k

In 2022, Nigeria imported $64.7k in Wood Tar, Oils and Pitch, mainly from India ($50.7k) and South Africa ($14k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Tar, Oils and Pitch BY Nigeria WERE (N/A - 2021):
Cameroon-$8.34k (-100%)
Vietnam-$4.76k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Wood Tar, Oils and Pitch were:
In 2022, Nigeria's main importing competitors in Wood Tar, Oils and Pitch were:

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Trade Value of Wood Tar, Oils and Pitch by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSweden+ $280
TOP IMPORT POTENTIALSouth Africa+ $3.4k

Wood Tar, Oils and Pitch’s highest export potential is Sweden. With an export gap of $280.   Wood Tar, Oils and Pitch’s highest import potential is South Africa with an import gap of $3.4k.

See methodology.

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