Synthetic Rubber in Nigeria | The Observatory of Economic Complexity

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Exports In 2022, Nigeria exported $671k in Synthetic Rubber, making it the 71st largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 219th most exported product in Nigeria. The main destination of Synthetic Rubber exports from Nigeria are: Germany ($323k), South Africa ($165k), Turkey ($94.3k), Spain ($88.4k), and Niger ($315).

The fastest growing export markets for Synthetic Rubber of Nigeria between 2021 and 2022 were Germany ($323k), South Africa ($165k), and Turkey ($94.3k).

Imports In 2022, Nigeria imported $9.5M in Synthetic Rubber, becoming the 79th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 480th most imported product in Nigeria. Nigeria imports Synthetic Rubber primarily from: China ($4.32M), Chinese Taipei ($1.69M), Germany ($919k), India ($779k), and United States ($442k).

The fastest growing import markets in Synthetic Rubber for Nigeria between 2021 and 2022 were China ($1.73M), United States ($438k), and Thailand ($124k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Synthetic Rubber from Nigeria to the United States.

Feb 2024

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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 Synthetic Rubber. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Year

EXPORTS (2022)$671k

IMPORTS (2022)$9.5M

NET TRADE (2022)-$8.83M

In 2022, Nigeria exported $671k in Synthetic Rubber. The main destinations of Nigeria exports on Synthetic Rubber were Germany ($323k), South Africa ($165k), Turkey ($94.3k), Spain ($88.4k), and Niger ($315).

In 2022, Nigeria imported $9.5M in Synthetic Rubber, mainly from China ($4.32M), Chinese Taipei ($1.69M), Germany ($919k), India ($779k), and United States ($442k).