2022
Exports
$1.27MWorld Rnk 113 / 223
Flag Rnk 168 / 1077
2022
PRODUCT COMPLEXITY IN Other Furniture
0.34Rnk 424 / 1025
2022
Imports
$313MWorld Rnk 49 / 225
Flag Rnk 37 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $1.27M in Other Furniture, making it the 113th largest exporter of Other Furniture in the world. At the same year, Other Furniture was the 168th most exported product in Nigeria. The main destination of Other Furniture exports from Nigeria are: United Kingdom ($685k), Benin ($132k), Niger ($99.2k), Ghana ($71.6k), and United States ($55.1k).

The fastest growing export markets for Other Furniture of Nigeria between 2021 and 2022 were United Kingdom ($520k), Ghana ($71.6k), and United States ($47.8k).

Imports In 2022, Nigeria imported $313M in Other Furniture, becoming the 49th largest importer of Other Furniture in the world. At the same year, Other Furniture was the 37th most imported product in Nigeria. Nigeria imports Other Furniture primarily from: China ($240M), Turkey ($27.4M), Italy ($16.3M), South Africa ($6.01M), and United Kingdom ($4.06M).

The fastest growing import markets in Other Furniture for Nigeria between 2021 and 2022 were China ($44.4M), Turkey ($8.6M), and South Africa ($3.93M).

Latest Trends

Sep 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 Other Furniture. 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)$1.27M
IMPORTS (2022)$313M
NET TRADE (2022)-$311M

In 2022, Nigeria exported $1.27M in Other Furniture. The main destinations of Nigeria exports on Other Furniture were United Kingdom ($685k), Benin ($132k), Niger ($99.2k), Ghana ($71.6k), and United States ($55.1k).

In 2022, Nigeria imported $313M in Other Furniture, mainly from China ($240M), Turkey ($27.4M), Italy ($16.3M), South Africa ($6.01M), and United Kingdom ($4.06M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Furniture EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
United Kingdom$520k (315%)
Ghana$71.6k (1%)
United States$47.8k (662%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Furniture BY Nigeria WERE (2021 - 2022):
Vietnam-$160k (-100%)
India-$151k (-100%)
United Arab Emirates-$107k (-74.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Other Furniture were:
China $36.6B
Vietnam $9.13B
Germany $8.79B
In 2022, Nigeria's main importing competitors in Other Furniture were:

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Trade Value of Other Furniture by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $828k
TOP IMPORT POTENTIALChina+ $50.2M

Other Furniture’s highest export potential is United Kingdom. With an export gap of $828k.   Other Furniture’s highest import potential is China with an import gap of $50.2M.

See methodology.

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