2022
Exports
$16.6MWorld Rnk 18 / 175
Flag Rnk 58 / 1077
2022
PRODUCT COMPLEXITY IN Fake Hair
-2.31Rnk 1013 / 1025
2022
Imports
$461MWorld Rnk 2 / 210
Flag Rnk 17 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $16.6M in Fake Hair, making it the 18th largest exporter of Fake Hair in the world. At the same year, Fake Hair was the 58th most exported product in Nigeria. The main destination of Fake Hair exports from Nigeria are: United States ($6.21M), Ghana ($2.6M), China ($1.88M), United Kingdom ($1.09M), and Cote d'Ivoire ($865k).

The fastest growing export markets for Fake Hair of Nigeria between 2021 and 2022 were Ghana ($2.51M), Cote d'Ivoire ($848k), and Benin ($238k).

Imports In 2022, Nigeria imported $461M in Fake Hair, becoming the 2nd largest importer of Fake Hair in the world. At the same year, Fake Hair was the 17th most imported product in Nigeria. Nigeria imports Fake Hair primarily from: China ($460M), Vietnam ($448k), United States ($352k), South Korea ($67.4k), and Philippines ($43.5k).

The fastest growing import markets in Fake Hair for Nigeria between 2021 and 2022 were China ($55M), United States ($298k), and Vietnam ($96.7k).

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 Fake Hair. 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)$16.6M
IMPORTS (2022)$461M
NET TRADE (2022)-$444M

In 2022, Nigeria exported $16.6M in Fake Hair. The main destinations of Nigeria exports on Fake Hair were United States ($6.21M), Ghana ($2.6M), China ($1.88M), United Kingdom ($1.09M), and Cote d'Ivoire ($865k).

In 2022, Nigeria imported $461M in Fake Hair, mainly from China ($460M), Vietnam ($448k), United States ($352k), South Korea ($67.4k), and Philippines ($43.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fake Hair EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Ghana$2.51M (2.83k%)
Cote d'Ivoire$848k (5.08k%)
Benin$238k (130%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fake Hair BY Nigeria WERE (2021 - 2022):
United States-$2.19M (-26.1%)
United Kingdom-$1.87M (-63.2%)
China-$1.09M (-36.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Fake Hair were:
In 2022, Nigeria's main importing competitors in Fake Hair were:

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Trade Value of Fake Hair by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.57M
TOP IMPORT POTENTIALVietnam+ $550k

Fake Hair’s highest export potential is United States. With an export gap of $4.57M.   Fake Hair’s highest import potential is Vietnam with an import gap of $550k.

See methodology.

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