2022
Exports
$260kWorld Rnk 90 / 158
Flag Rnk 319 / 1077
2022
PRODUCT COMPLEXITY IN Non-Retail Synthetic Filament Yarn
0.016Rnk 540 / 1025
2022
Imports
$34.7MWorld Rnk 69 / 210
Flag Rnk 248 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $260k in Non-Retail Synthetic Filament Yarn, making it the 90th largest exporter of Non-Retail Synthetic Filament Yarn in the world. At the same year, Non-Retail Synthetic Filament Yarn was the 319th most exported product in Nigeria. The main destination of Non-Retail Synthetic Filament Yarn exports from Nigeria are: China ($218k), Netherlands ($35k), Benin ($3.4k), Sao Tome and Principe ($1.82k), and Niger ($1.24k).

The fastest growing export markets for Non-Retail Synthetic Filament Yarn of Nigeria between 2021 and 2022 were Netherlands ($35k), Benin ($2.95k), and Sao Tome and Principe ($1.82k).

Imports In 2022, Nigeria imported $34.7M in Non-Retail Synthetic Filament Yarn, becoming the 69th largest importer of Non-Retail Synthetic Filament Yarn in the world. At the same year, Non-Retail Synthetic Filament Yarn was the 248th most imported product in Nigeria. Nigeria imports Non-Retail Synthetic Filament Yarn primarily from: China ($16.7M), Kenya ($6.4M), Japan ($4.61M), Thailand ($3.33M), and India ($1.98M).

The fastest growing import markets in Non-Retail Synthetic Filament Yarn for Nigeria between 2021 and 2022 were Kenya ($6.4M), Hong Kong ($809k), and China ($493k).

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 Non-Retail Synthetic Filament Yarn. 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)$260k
IMPORTS (2022)$34.7M
NET TRADE (2022)-$34.4M

In 2022, Nigeria exported $260k in Non-Retail Synthetic Filament Yarn. The main destinations of Nigeria exports on Non-Retail Synthetic Filament Yarn were China ($218k), Netherlands ($35k), Benin ($3.4k), Sao Tome and Principe ($1.82k), and Niger ($1.24k).

In 2022, Nigeria imported $34.7M in Non-Retail Synthetic Filament Yarn, mainly from China ($16.7M), Kenya ($6.4M), Japan ($4.61M), Thailand ($3.33M), and India ($1.98M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Retail Synthetic Filament Yarn EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Netherlands$35k (1%)
Benin$2.95k (649%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Retail Synthetic Filament Yarn BY Nigeria WERE (2021 - 2022):
China-$869k (-80%)
Gabon-$4.57k (-100%)
Spain-$2.72k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Non-Retail Synthetic Filament Yarn were:
China $8.27B
India $1.18B
Vietnam $1.08B
In 2022, Nigeria's main importing competitors in Non-Retail Synthetic Filament Yarn were:

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Trade Value of Non-Retail Synthetic Filament Yarn by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $208k
TOP IMPORT POTENTIALChina+ $8.43M

Non-Retail Synthetic Filament Yarn’s highest export potential is China. With an export gap of $208k.   Non-Retail Synthetic Filament Yarn’s highest import potential is China with an import gap of $8.43M.

See methodology.

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