Nigeria | Imports and Exports | World | Rubber and articles thereof | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 40 "Rubber and articles thereof" from Nigeria totalled $ 58 million in 2023. Sales of commodity group 40 from Nigeria decreased by 9.56% in value terms compared to 2022. exports of commodity group 40 "Rubber and articles thereof" decreased by $ 6.22 million (cumulative exports of commodity group 40 from Nigeria amounted $65 million in 2022)
Exports of commodity group 40 "Rubber and articles thereof" amounted to 0.09% of total exports from Nigeria (cumulative merchandise exports from Nigeria totalled $ 65 billion in 2023). The share of commodity group 40 in total exports from Nigeria decreased by 0.012 p.p. compared to 2022 (it was 0.102% in 2022 and cumulative exports from Nigeria were equal to $ 63 billion).
Where does Nigeria export Rubber and articles thereof?
Top export destinations of "Rubber and articles thereof" from Nigeria in 2023:
- Spain with a share of 40% (23 million US$)
- Italy with a share of 22% (13.1 million US$)
- Malaysia with a share of 11.5% (6.77 million US$)
- Poland with a share of 8.65% (5.09 million US$)
- South Africa with a share of 5.18% (3.05 million US$)
- China with a share of 4.12% (2.43 million US$)
- India with a share of 2.61% (1.54 million US$)
- USA with a share of 1.18% (699 thousand US$)
- Finland with a share of 1.02% (605 thousand US$)
- Vietnam with a share of 1% (594 thousand US$)
Exports structure of 40 - Rubber and articles thereof - from Nigeria in 2023 represented by the following main commodity groups:
- 99% (58 million US$): 4001 - Natural rubber, balata, gutta-percha, guayule, chicle and similar natural gums, in primary forms or in plates, sheets or strip
- 0.292% (172 thousand US$): 4003 - Reclaimed rubber in primary forms or in plates, sheets or strip
- 0.287% (169 thousand US$): 4016 - Other articles of vulcanised rubber other than hard rubber
- 0.278% (163 thousand US$): 4002 - Synthetic rubber and factice derived from oils, in primary forms or in plates, sheets or strip; mixtures of any product of heading 40.01 with any product of this heading, in primary forms or in plates, sheets or strip
- 0.067% (39 thousand US$): 4008 - Plates, sheets, strip, rods and profile shapes, of vulcanised rubber other than hard rubber
- 0.011% (6.7 thousand US$): 4009 - Tubes, pipes and hoses, of vulcanised rubber other than hard rubber, with or without their fittings (for example, joints, elbows, flanges)
- 0.001% (631 US$): 4010 - Conveyor or transmission belts or belting, of vulcanised rubber
The value of imports of commodity group 40 "Rubber and articles thereof" to Nigeria totalled $ 293 million in 2023. Sales of commodity group 40 to Nigeria went up by 12.1% compared to 2022: imports of commodity group 40 "Rubber and articles thereof" went up by $ 31 million (the value of imports of commodity group 40 to Nigeria was equal to $261 million in 2022)
Imports of commodity group 40 "Rubber and articles thereof" accounted for 0.451% of total import flow to Nigeria (in 2023, total imports to Nigeria amounted to $ 65 billion). The share of commodity group 40 in total imports to Nigeria increased by 0.019 p.p. compared to 2022 (it was 0.431% in 2022 and cumulative imports to Nigeria were equal to $ 60 billion).
Where does Nigeria import Rubber and articles thereof from?
Top trading partners (import of "Rubber and articles thereof") of Nigeria in 2023:
- China with a share of 60% (178 million US$)
- India with a share of 6.24% (18.3 million US$)
- Thailand with a share of 5.87% (17.2 million US$)
- Germany with a share of 5.01% (14.7 million US$)
- USA with a share of 2.89% (8.49 million US$)
- Italy with a share of 2.72% (8 million US$)
- France with a share of 1.89% (5.57 million US$)
- United Kingdom with a share of 1.73% (5.08 million US$)
- Malaysia with a share of 1.09% (3.22 million US$)
- Netherlands with a share of 1% (2.93 million US$)
Imports structure of 40 - Rubber and articles thereof - to Nigeria in 2023 represented by the following main commodity groups:
- 63% (186 million US$): 4011 - New pneumatic tyres, of rubber
- 9.9% (29 million US$): 4016 - Other articles of vulcanised rubber other than hard rubber
- 5.67% (16.6 million US$): 4009 - Tubes, pipes and hoses, of vulcanised rubber other than hard rubber, with or without their fittings (for example, joints, elbows, flanges)
- 5.64% (16.5 million US$): 4010 - Conveyor or transmission belts or belting, of vulcanised rubber
- 3.64% (10.6 million US$): 4002 - Synthetic rubber and factice derived from oils, in primary forms or in plates, sheets or strip; mixtures of any product of heading 40.01 with any product of this heading, in primary forms or in plates, sheets or strip
- 3.35% (9.86 million US$): 4014 - Hygienic or pharmaceutical articles (including teats), of vulcanised rubber other than hard rubber, with or without fittings of hard rubber
- 2.99% (8.8 million US$): 4008 - Plates, sheets, strip, rods and profile shapes, of vulcanised rubber other than hard rubber
- 2.26% (6.64 million US$): 4015 - Articles of apparel and clothing accessories (including gloves, mittens and mitts), for all purposes, of vulcanised rubber other than hard rubber
- 1.58% (4.64 million US$): 4001 - Natural rubber, balata, gutta-percha, guayule, chicle and similar natural gums, in primary forms or in plates, sheets or strip
- 0.434% (1.27 million US$): 4005 - Compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip
