2023
Exports
$17.2kWorld Rnk 123 / 175
Flag Rnk 650 / 1096
2023
PRODUCT COMPLEXITY IN Bandages
0.86Rnk 224 / 1025
2023
Imports
$13.8MWorld Rnk 62 / 221
Flag Rnk 383 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $17.2k in Bandages, making it the 123rd largest exporter of Bandages in the world. At the same year, Bandages was the 650th most exported product in Nigeria. The main destination of Bandages exports from Nigeria are: Liberia ($5.07k), Benin ($4.1k), Niger ($3.65k), Namibia ($1.92k), and Sao Tome and Principe ($960).

The fastest growing export markets for Bandages of Nigeria between 2022 and 2023 were Benin ($3k), Namibia ($1.92k), and Sao Tome and Principe ($823).

Imports In 2023, Nigeria imported $13.8M in Bandages, becoming the 62nd largest importer of Bandages in the world. At the same year, Bandages was the 383rd most imported product in Nigeria. Nigeria imports Bandages primarily from: China ($10.3M), United States ($2.19M), India ($730k), United Kingdom ($120k), and France ($87.5k).

The fastest growing import markets in Bandages for Nigeria between 2022 and 2023 were United States ($1.99M), India ($361k), and Morocco ($47.1k).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Bandages. 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)$17.2k
IMPORTS (2023)$13.8M
NET TRADE (2023)-$13.8M

In 2023, Nigeria exported $17.2k in Bandages. The main destinations of Nigeria exports on Bandages were Liberia ($5.07k), Benin ($4.1k), Niger ($3.65k), Namibia ($1.92k), and Sao Tome and Principe ($960).

In 2023, Nigeria imported $13.8M in Bandages, mainly from China ($10.3M), United States ($2.19M), India ($730k), United Kingdom ($120k), and France ($87.5k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bandages EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Benin$3k (273%)
Namibia$1.92k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bandages BY Nigeria WERE (2022 - 2023):
Niger-$1.26k (-25.6%)
Mauritania-$404 (-100%)
France-$149 (-24.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Bandages by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $3.01k
TOP IMPORT POTENTIALChina+ $2.62M

Bandages’s highest export potential is France. With an export gap of $3.01k.   Bandages’s highest import potential is China with an import gap of $2.62M.

See methodology.

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