2023
Exports
$11.4MWorld Rnk 39 / 134
Flag Rnk 69 / 1096
2023
PRODUCT COMPLEXITY IN Raw Cotton
-2.55Rnk 1021 / 1025
2023
Imports
$57.2kWorld Rnk 111 / 179
Flag Rnk 1070 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $11.4M in Raw Cotton, making it the 39th largest exporter of Raw Cotton in the world. At the same year, Raw Cotton was the 69th most exported product in Nigeria. The main destination of Raw Cotton exports from Nigeria are: Bangladesh ($6.12M), Pakistan ($2.52M), Vietnam ($1.93M), Tunisia ($315k), and India ($310k).

The fastest growing export markets for Raw Cotton of Nigeria between 2022 and 2023 were Bangladesh ($4.36M), Portugal ($105k), and Tunisia ($92.1k).

Imports In 2023, Nigeria imported $57.2k in Raw Cotton, becoming the 111th largest importer of Raw Cotton in the world. At the same year, Raw Cotton was the 1070th most imported product in Nigeria. Nigeria imports Raw Cotton primarily from: United States ($32.2k), China ($15k), United Kingdom ($5.79k), and Ethiopia ($4.19k).

The fastest growing import markets in Raw Cotton for Nigeria between 2022 and 2023 were United States ($32.2k) and Ethiopia ($4.19k).

Latest Trends

Dec 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 Raw Cotton. 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 (2023)$11.4M
IMPORTS (2023)$57.2k
NET TRADE (2023)$11.3M

In 2023, Nigeria exported $11.4M in Raw Cotton. The main destinations of Nigeria exports on Raw Cotton were Bangladesh ($6.12M), Pakistan ($2.52M), Vietnam ($1.93M), Tunisia ($315k), and India ($310k).

In 2023, Nigeria imported $57.2k in Raw Cotton, mainly from United States ($32.2k), China ($15k), United Kingdom ($5.79k), and Ethiopia ($4.19k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Cotton EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Bangladesh$4.36M (247%)
Portugal$105k (33k%)
Tunisia$92.1k (41.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Cotton BY Nigeria WERE (2022 - 2023):
India-$4.9M (-94%)
Vietnam-$2.15M (-52.7%)
Pakistan-$970k (-27.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Raw Cotton were:
In 2023, Nigeria's main importing competitors in Raw Cotton were:

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Trade Value of Raw Cotton by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $5.38M
TOP IMPORT POTENTIALChina+ $30.7k

Raw Cotton’s highest export potential is India. With an export gap of $5.38M.   Raw Cotton’s highest import potential is China with an import gap of $30.7k.

See methodology.

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