2022
Exports
$496kWorld Rnk 69 / 158
Flag Rnk 254 / 1077
2022
PRODUCT COMPLEXITY IN Other Floating Structures
-0.48Rnk 693 / 1025
2022
Imports
$16.7MWorld Rnk 23 / 215
Flag Rnk 375 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $496k in Other Floating Structures, making it the 69th largest exporter of Other Floating Structures in the world. At the same year, Other Floating Structures was the 254th most exported product in Nigeria. The main destination of Other Floating Structures exports from Nigeria are: Italy ($484k), Belgium ($10.7k), and Benin ($785).

The fastest growing export markets for Other Floating Structures of Nigeria between 2021 and 2022 were Italy ($383k), Belgium ($6.17k), and Benin ($785).

Imports In 2022, Nigeria imported $16.7M in Other Floating Structures, becoming the 23rd largest importer of Other Floating Structures in the world. At the same year, Other Floating Structures was the 375th most imported product in Nigeria. Nigeria imports Other Floating Structures primarily from: United Arab Emirates ($8.2M), China ($2.94M), United States ($1.48M), Italy ($1.29M), and United Kingdom ($1.19M).

The fastest growing import markets in Other Floating Structures for Nigeria between 2021 and 2022 were United Arab Emirates ($7.98M), China ($2.25M), and Italy ($239k).

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 Other Floating Structures. 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)$496k
IMPORTS (2022)$16.7M
NET TRADE (2022)-$16.2M

In 2022, Nigeria exported $496k in Other Floating Structures. The main destinations of Nigeria exports on Other Floating Structures were Italy ($484k), Belgium ($10.7k), and Benin ($785).

In 2022, Nigeria imported $16.7M in Other Floating Structures, mainly from United Arab Emirates ($8.2M), China ($2.94M), United States ($1.48M), Italy ($1.29M), and United Kingdom ($1.19M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Floating Structures EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Italy$383k (379%)
Belgium$6.17k (137%)
Benin$785 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Floating Structures BY Nigeria WERE (2021 - 2022):
United States-$9.14k (-100%)
South Africa-$352 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Other Floating Structures were:
In 2022, Nigeria's main importing competitors in Other Floating Structures were:

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Trade Value of Other Floating Structures by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBelgium+ $11.5k
TOP IMPORT POTENTIALChina+ $645k

Other Floating Structures’s highest export potential is Belgium. With an export gap of $11.5k.   Other Floating Structures’s highest import potential is China with an import gap of $645k.

See methodology.

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