2022
Exports
$161kWorld Rnk 124 / 221
Flag Rnk 365 / 1077
2022
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 909 / 1025
2022
Imports
$12MWorld Rnk 104 / 218
Flag Rnk 437 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $161k in Knit Sweaters, making it the 124th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 365th most exported product in Nigeria. The main destination of Knit Sweaters exports from Nigeria are: Canada ($67.4k), United Kingdom ($29.4k), Germany ($12.2k), United States ($10.7k), and South Africa ($7.88k).

The fastest growing export markets for Knit Sweaters of Nigeria between 2021 and 2022 were Canada ($54k), United Kingdom ($25.3k), and Germany ($9.27k).

Imports In 2022, Nigeria imported $12M in Knit Sweaters, becoming the 104th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 437th most imported product in Nigeria. Nigeria imports Knit Sweaters primarily from: China ($8.58M), United States ($2.49M), France ($161k), Italy ($132k), and Turkey ($99k).

The fastest growing import markets in Knit Sweaters for Nigeria between 2021 and 2022 were United States ($2.43M), Italy ($67.8k), and Netherlands ($39.9k).

Latest Trends

Oct 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 Knit Sweaters. 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)$161k
IMPORTS (2022)$12M
NET TRADE (2022)-$11.9M

In 2022, Nigeria exported $161k in Knit Sweaters. The main destinations of Nigeria exports on Knit Sweaters were Canada ($67.4k), United Kingdom ($29.4k), Germany ($12.2k), United States ($10.7k), and South Africa ($7.88k).

In 2022, Nigeria imported $12M in Knit Sweaters, mainly from China ($8.58M), United States ($2.49M), France ($161k), Italy ($132k), and Turkey ($99k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Canada$54k (404%)
United Kingdom$25.3k (617%)
Germany$9.27k (319%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Nigeria WERE (2021 - 2022):
Ireland-$5.73k (-54.2%)
Denmark-$4.74k (-100%)
Australia-$4.6k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Knit Sweaters were:
In 2022, Nigeria's main importing competitors in Knit Sweaters were:

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Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $93.1k
TOP IMPORT POTENTIALChina+ $6.8M

Knit Sweaters’s highest export potential is Canada. With an export gap of $93.1k.   Knit Sweaters’s highest import potential is China with an import gap of $6.8M.

See methodology.

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