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2022
Exports $1.46MWorld Rnk 49 / 132
Flag Rnk 154 / 1077
2022
Destination $1.44M Angola
2021 - 2022
FASTEST GROWING MARKET $1.44MAngola
2022
PRODUCT COMPLEXITY IN Natural Polymers0.71Rnk 274 / 1025
2022
Imports $2.42MWorld Rnk 77 / 193
Flag Rnk 704 / 1182
2022
Origin $250k China
2021 - 2022
FASTEST GROWING ORIGIN $250kGermany
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $1.46M in Natural Polymers, making it the 49th largest exporter of Natural Polymers in the world. At the same year, Natural Polymers was the 154th most exported product in Nigeria. The main destination of Natural Polymers exports from Nigeria are: Angola ($1.44M), Mozambique ($18.1k), and Benin ($3.18k).

The fastest growing export markets for Natural Polymers of Nigeria between 2021 and 2022 were Angola ($1.44M), Mozambique ($18.1k), and Benin ($3.1k).

Imports In 2022, Nigeria imported $2.42M in Natural Polymers, becoming the 77th largest importer of Natural Polymers in the world. At the same year, Natural Polymers was the 704th most imported product in Nigeria. Nigeria imports Natural Polymers primarily from: China ($1.43M), Germany ($271k), United States ($151k), United Arab Emirates ($147k), and Norway ($141k).

The fastest growing import markets in Natural Polymers for Nigeria between 2021 and 2022 were Germany ($250k), United States ($138k), and Norway ($80.5k).

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 Natural Polymers. 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)$1.46M
IMPORTS (2022)$2.42M
NET TRADE (2022)-$959k

In 2022, Nigeria exported $1.46M in Natural Polymers. The main destinations of Nigeria exports on Natural Polymers were Angola ($1.44M), Mozambique ($18.1k), and Benin ($3.18k).

In 2022, Nigeria imported $2.42M in Natural Polymers, mainly from China ($1.43M), Germany ($271k), United States ($151k), United Arab Emirates ($147k), and Norway ($141k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural Polymers EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Angola$1.44M (1%)
Mozambique$18.1k (1%)
Benin$3.1k (3.69k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural Polymers BY Nigeria WERE (2021 - 2022):Canada-$9 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Natural Polymers were:
China $1.23B
Sweden $500M
United States $347M
In 2022, Nigeria's main importing competitors in Natural Polymers were:
United States $518M
Germany $218M
Japan $207M

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Trade Value of Natural Polymers by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALBenin+ $1.65k
TOP IMPORT POTENTIALChina+ $718k

Natural Polymers’s highest export potential is Benin. With an export gap of $1.65k.   Natural Polymers’s highest import potential is China with an import gap of $718k.

See methodology.

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