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2023
Exports $1.22MWorld Rnk 34 / 120
Flag Rnk 180 / 1096
2023
Destination $768k Bangladesh
2022 - 2023
FASTEST GROWING MARKET $768kBangladesh
2023
Imports $132kWorld Rnk 81 / 175
Flag Rnk 1024 / 1184
2023
Origin $119k China
2022 - 2023
FASTEST GROWING ORIGIN $119kChina
2023
ECONOMIC COMPLEXITY of Nigeria-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $1.22M in Cotton Waste, making it the 34th largest exporter of Cotton Waste in the world. At the same year, Cotton Waste was the 180th most exported product in Nigeria. The main destination of Cotton Waste exports from Nigeria are: Bangladesh ($768k), Vietnam ($358k), Pakistan ($36.3k), Tunisia ($26.1k), and Portugal ($21.4k).

The fastest growing export markets for Cotton Waste of Nigeria between 2022 and 2023 were Bangladesh ($768k), Tunisia ($26.1k), and Portugal ($21.4k).

Imports In 2023, Nigeria imported $132k in Cotton Waste, becoming the 81st largest importer of Cotton Waste in the world. At the same year, Cotton Waste was the 1024th most imported product in Nigeria. Nigeria imports Cotton Waste primarily from: China ($125k), India ($5.8k), Norway ($420), and Ethiopia ($383).

The fastest growing import markets in Cotton Waste for Nigeria between 2022 and 2023 were China ($119k), India ($3.98k), and Ethiopia ($383).

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 Cotton Waste. 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)$1.22M
IMPORTS (2023)$132k
NET TRADE (2023)$1.09M

In 2023, Nigeria exported $1.22M in Cotton Waste. The main destinations of Nigeria exports on Cotton Waste were Bangladesh ($768k), Vietnam ($358k), Pakistan ($36.3k), Tunisia ($26.1k), and Portugal ($21.4k).

In 2023, Nigeria imported $132k in Cotton Waste, mainly from China ($125k), India ($5.8k), Norway ($420), and Ethiopia ($383).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cotton Waste EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Bangladesh$768k (1%)
Tunisia$26.1k (1%)
Portugal$21.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cotton Waste BY Nigeria WERE (2022 - 2023):
Vietnam-$4M (-91.8%)
India-$776k (-100%)
Pakistan-$619k (-94.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Cotton Waste were:
Turkey $89.6M
India $84.9M
Pakistan $63.2M
In 2023, Nigeria's main importing competitors in Cotton Waste were:
Germany $63.4M
Vietnam $41.8M
Chinese Taipei $35.6M

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Trade Value of Cotton Waste by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $444k
TOP IMPORT POTENTIALBenin+ $6.52k

Cotton Waste’s highest export potential is India. With an export gap of $444k.   Cotton Waste’s highest import potential is Benin with an import gap of $6.52k.

See methodology.

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