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2022
Exports $716World Rnk 118 / 133
Flag Rnk 924 / 1077
2022
Destination $716 Rwanda
2021 - 2022
FASTEST GROWING MARKET $716Rwanda
2022
PRODUCT COMPLEXITY IN Felt0.56Rnk 340 / 1025
2022
Imports $603kWorld Rnk 103 / 206
Flag Rnk 890 / 1182
2022
Origin $214k China
2021 - 2022
FASTEST GROWING ORIGIN $214kChina
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $716 in Felt, making it the 118th largest exporter of Felt in the world. At the same year, Felt was the 924th most exported product in Nigeria. The main destination of Felt exports from Nigeria are: Rwanda ($716).

The fastest growing export markets for Felt of Nigeria between 2021 and 2022 were Rwanda ($716).

Imports In 2022, Nigeria imported $603k in Felt, becoming the 103rd largest importer of Felt in the world. At the same year, Felt was the 890th most imported product in Nigeria. Nigeria imports Felt primarily from: China ($405k), Italy ($101k), India ($32.7k), United States ($23.6k), and Turkey ($15.7k).

The fastest growing import markets in Felt for Nigeria between 2021 and 2022 were China ($214k), Italy ($98.4k), and United States ($20.4k).

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 Felt. 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)$716
IMPORTS (2022)$603k
NET TRADE (2022)-$603k

In 2022, Nigeria exported $716 in Felt. The main destinations of Nigeria exports on Felt were Rwanda ($716).

In 2022, Nigeria imported $603k in Felt, mainly from China ($405k), Italy ($101k), India ($32.7k), United States ($23.6k), and Turkey ($15.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Felt EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):Rwanda$716 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Felt BY Nigeria WERE (2021 - 2022):
Greece-$2.86k (-100%)
United States-$2.68k (-100%)
Cote d'Ivoire-$78 (-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 Felt were:
China $295M
Germany $252M
United States $113M
In 2022, Nigeria's main importing competitors in Felt were:
United States $169M
Germany $85.4M
Mexico $64.4M

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Trade Value of Felt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $468
TOP IMPORT POTENTIALChina+ $186k

Felt’s highest export potential is United States. With an export gap of $468.   Felt’s highest import potential is China with an import gap of $186k.

See methodology.

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