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2022
Exports $14kWorld Rnk 105 / 154
Flag Rnk 649 / 1077
2022
Destination $7.6k Benin
2021 - 2022
FASTEST GROWING MARKET $7.6kBenin
2022
PRODUCT COMPLEXITY IN Artificial Filament Sewing Thread-0.37Rnk 665 / 1025
2022
Imports $7.74MWorld Rnk 44 / 202
Flag Rnk 509 / 1182
2022
Origin $87.5k China
2021 - 2022
FASTEST GROWING ORIGIN $87.5kIndia
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $14k in Artificial Filament Sewing Thread, making it the 105th largest exporter of Artificial Filament Sewing Thread in the world. At the same year, Artificial Filament Sewing Thread was the 649th most exported product in Nigeria. The main destination of Artificial Filament Sewing Thread exports from Nigeria are: Benin ($7.81k), Burkina Faso ($6.08k), Turkey ($42), Ireland ($37), and Canada ($17).

The fastest growing export markets for Artificial Filament Sewing Thread of Nigeria between 2021 and 2022 were Benin ($7.6k), Turkey ($42), and Botswana ($6).

Imports In 2022, Nigeria imported $7.74M in Artificial Filament Sewing Thread, becoming the 44th largest importer of Artificial Filament Sewing Thread in the world. At the same year, Artificial Filament Sewing Thread was the 509th most imported product in Nigeria. Nigeria imports Artificial Filament Sewing Thread primarily from: China ($7.27M), India ($137k), United Kingdom ($127k), Kenya ($48.7k), and Vietnam ($40.1k).

The fastest growing import markets in Artificial Filament Sewing Thread for Nigeria between 2021 and 2022 were India ($87.5k), United Kingdom ($52.9k), and Kenya ($48.7k).

Latest Trends

Aug 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 Artificial Filament Sewing Thread. 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)$14k
IMPORTS (2022)$7.74M
NET TRADE (2022)-$7.72M

In 2022, Nigeria exported $14k in Artificial Filament Sewing Thread. The main destinations of Nigeria exports on Artificial Filament Sewing Thread were Benin ($7.81k), Burkina Faso ($6.08k), Turkey ($42), Ireland ($37), and Canada ($17).

In 2022, Nigeria imported $7.74M in Artificial Filament Sewing Thread, mainly from China ($7.27M), India ($137k), United Kingdom ($127k), Kenya ($48.7k), and Vietnam ($40.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Artificial Filament Sewing Thread EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Benin$7.6k (3.69k%)
Turkey$42 (1%)
Botswana$6 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Filament Sewing Thread BY Nigeria WERE (2021 - 2022):
Burkina Faso-$12.2k (-66.7%)
Republic of the Congo-$3.91k (-100%)
Cameroon-$3.6k (-100%)
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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 Artificial Filament Sewing Thread were:
China $493M
Germany $170M
United States $109M
In 2022, Nigeria's main importing competitors in Artificial Filament Sewing Thread were:
Mexico $97.6M
Germany $82.7M
Vietnam $68.9M

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Trade Value of Artificial Filament Sewing Thread by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBenin+ $2.82k
TOP IMPORT POTENTIALIndia+ $149k

Artificial Filament Sewing Thread’s highest export potential is Benin. With an export gap of $2.82k.   Artificial Filament Sewing Thread’s highest import potential is India with an import gap of $149k.

See methodology.

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