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2022
Exports $923kWorld Rnk 78 / 200
Flag Rnk 189 / 1077
2022
Destination $392k Netherlands
2021 - 2022
FASTEST GROWING MARKET $392kNetherlands
2022
PRODUCT COMPLEXITY IN Navigation Equipment1.03Rnk 162 / 1025
2022
Imports $23.6MWorld Rnk 61 / 220
Flag Rnk 325 / 1182
2022
Origin $12M Czechia
2021 - 2022
FASTEST GROWING ORIGIN $12MCzechia
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $923k in Navigation Equipment, making it the 78th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 189th most exported product in Nigeria. The main destination of Navigation Equipment exports from Nigeria are: Netherlands ($408k), Italy ($144k), United States ($106k), Germany ($74.2k), and United Kingdom ($62.4k).

The fastest growing export markets for Navigation Equipment of Nigeria between 2021 and 2022 were Netherlands ($392k), United States ($106k), and Germany ($72.4k).

Imports In 2022, Nigeria imported $23.6M in Navigation Equipment, becoming the 61st largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 325th most imported product in Nigeria. Nigeria imports Navigation Equipment primarily from: Czechia ($12.1M), United States ($3.39M), China ($2.58M), South Africa ($1.1M), and Lithuania ($987k).

The fastest growing import markets in Navigation Equipment for Nigeria between 2021 and 2022 were Czechia ($12M), United States ($3.19M), and South Africa ($730k).

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 Navigation Equipment. 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)$923k
IMPORTS (2022)$23.6M
NET TRADE (2022)-$22.6M

In 2022, Nigeria exported $923k in Navigation Equipment. The main destinations of Nigeria exports on Navigation Equipment were Netherlands ($408k), Italy ($144k), United States ($106k), Germany ($74.2k), and United Kingdom ($62.4k).

In 2022, Nigeria imported $23.6M in Navigation Equipment, mainly from Czechia ($12.1M), United States ($3.39M), China ($2.58M), South Africa ($1.1M), and Lithuania ($987k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Netherlands$392k (2.5k%)
United States$106k (1%)
Germany$72.4k (4.03k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Nigeria WERE (2021 - 2022):
Cote d'Ivoire-$213k (-100%)
South Africa-$70.7k (-98.1%)
Denmark-$16.8k (-94.2%)
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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 Navigation Equipment were:
China $3.22B
United States $2.61B
Germany $1.95B
In 2022, Nigeria's main importing competitors in Navigation Equipment were:
United States $3.89B
Germany $1.74B
China $1.5B

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Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $322k
TOP IMPORT POTENTIALChina+ $2.95M

Navigation Equipment’s highest export potential is United States. With an export gap of $322k.   Navigation Equipment’s highest import potential is China with an import gap of $2.95M.

See methodology.

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