Trade route overview

South Korea exports to Nigeria
route risk review

See the latest reported exports, the products that need a closer look, and the conditions that may make this route harder to plan.

KOR-NGA2024 reported exports238 product typesCritical attention review level
Latest reported exports$587.5M2024 route total
Highest-priority products7Need the closest review
Products needing review51High-attention product types
Exports needing review93.6%Share of route exports
Overall review levelCritical attentionBased on available indicators

What this page shows

What should a business review on this route?

In 2024, South Korea reported $587.5M in goods exports to Nigeria. 51 product types are marked for closer review, covering 93.6% of reported exports. This is not a forecast and does not mean trade will stop. It shows where to look more closely at demand, annual changes, product mix, tariffs, and buyer-market conditions.

How to read this page

Three simple ideas explain the route

This page separates the size of the trade from the conditions worth checking and the product types that make up the route.

01 - Trade value

How much is traded?

This is the reported value of goods exported from South Korea to Nigeria in the latest available year.

$587.5M in 2024
02 - Review level

What does "high attention" mean?

It marks product types where one or more conditions deserve a closer look. It is not a prediction, a guaranteed loss, or a warning that trade will stop.

93.6% needs review
03 - Product code

What is a product type?

Each row is one HS6 product code. HS6 is the international six-digit code used to describe and compare traded goods.

238 product types

Start with the products

See the product rows behind the review level.

Compare the products, their buyer-market size, and the conditions that deserve a closer look.

Export history

How much was exported each year?

The latest twelve years of reported exports from South Korea to Nigeria. Bar lengths are relative to the highest year shown.

Latest annual total$648.3M2024 annual history
Highest year$2.3B2007 annual history
Latest below highest71.3%Difference from the highest year

Why this route needs review

What is behind the review signal?

A dollar amount can appear in more than one row. These rows show the conditions linked to the route; they are not separate losses.

What to reviewBar shows relative sizeExport value linked to it
Large year-to-year swings
$335.5M
Still below the previous high
$212.3M
Buyer demand is falling
$0.0
Product mix is concentrated
$363.4M
Tariffs and access rules
$587.5M
Buyer economy is under pressure
$587.5M

How to read the numbers

What do these measures tell us?

These measures describe yearly swings, the gap from the route's highest year, and how concentrated the product mix is.

Export volatility1.3Higher means bigger yearly swings
Below highest year36.8%Compared with the route's best year
Product concentration (HHI)454.20-10,000 scale; higher means fewer products dominate
Largest product share12%Share from the biggest product

Largest product

Aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)

Product code HS6 760612 makes up 12% of exports from South Korea to Nigeria. The main reason to review it is: Trade has varied substantially across reported years

See product rows
Exports of this product$70.6M2024 reported value

Products to review

Which product types need a closer look?

Each row is one six-digit HS6 product code. Compare the buyer market's imports, the product's fall from its highest year, annual variation, and review level.

Top product types10 shown - 2024 values
Top product types for South Korea exports to Nigeria
RankProduct and codeBuyer-market importsBelow product highYearly variationReview level
1Aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)HS6 760612 - six-digit product code$183.9M0%1.3High attention
2Propylene, other olefin polymers: polypropylene in primary formsHS6 390210 - six-digit product code$302.3M33.1%0.6High attention
3Ethylene polymers: in primary forms, polyethylene having a specific gravity of 0.94 or moreHS6 390120 - six-digit product code$199.1M33.5%0.5High attention
4Electric generating sets: (excluding those with spark-ignition or compression-ignition internal combustion piston engines), other than wind poweredHS6 850239 - six-digit product code$94.5M0%2.9High attention
5Polyethers: in primary forms, excluding polyacetalsHS6 390720 - six-digit product code$72.3M54.4%0.7Critical attention
6Heat exchange units: not used for domestic purposesHS6 841950 - six-digit product code$171.1M30.4%1.8High attention
7Propylene, other olefin polymers: propylene copolymers in primary formsHS6 390230 - six-digit product code$78.4M71%0.8Critical attention
8Nitrogen-function compounds: n.e.c. in chapter 29, isocyanatesHS6 292910 - six-digit product code$56.4M39.8%0.6High attention
9Fish: frozen, mackerel (Scomber scombrus, Scomber australasicus, Scomber japonicus), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99HS6 030354 - six-digit product code$137.9M0%1.3High attention
10Cigarettes: containing tobaccoHS6 240220 - six-digit product code$60.0M13.3%1.4High attention

Buyer-market imports are total imports of that product into the buyer market, not only exports from South Korea. "Below product high" compares current exports with that product's highest reported year. Yearly variation is a calculated measure. Swipe sideways on a small screen to see every column.

Trade route conditions

What else can affect this route?

Distance, tariffs, trade agreements, the buyer economy, and business rules add context to the export total.

Distance between markets12,414 kmApproximate route distance
Trade agreement (FTA)NoReported agreement coverage
Average import tariff27.2%Average tax applied to imports
Buyer economy size$440.8B2024 gross domestic product
Buyer GDP per person$2.1KCurrent-dollar measure
Buyer economy outlookBuyer economy and income contractedAvailable buyer-economy context
Shared land borderNoDo the markets share a border?
Shared official languageNoReported common official language
Similar legal systemNoReported legal similarity
Shared religionNoReported cultural similarity
Language similarityNot reportedCommon spoken-language score
Business setup time7 daysDays to register a business

Questions about this page

Simple answers about this route

Definitions and limits for the figures above.

What does "high attention" mean?

High attention means one or more conditions on these product types deserve a closer look. It is not a prediction that trade will stop or that a loss is certain.

How much did South Korea export to Nigeria?

South Korea reported $587.5M in goods exports to Nigeria in 2024.

What does "exports needing review" mean?

93.6% of reported route exports are linked to product types marked for closer review. This points to where to investigate further.

What is an HS6 code?

An HS6 code is the international six-digit code used to describe and compare traded goods.

What conditions are shown?

The page shows yearly export changes, product concentration, tariffs, distance, trade-agreement coverage, buyer-economy context, and business setup time where reported.

Is this a forecast?

No. These are reported or calculated observations, not forecasts or guarantees.

Continue your research

Compare this route with products and markets.

Use the workspace to investigate which products, buyer conditions, and routes deserve attention.

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.