Petroleum Resins in Nigeria | The Observatory of Economic Complexity

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2021
Exports $1.86kWorld Rnk 0 / 0
Flag

Rnk 0 / 0

falsefalseN/A

2022
PRODUCT COMPLEXITY IN Petroleum Resins1.53Rnk 46 / 1025

2021
Imports $4.35MWorld Rnk 75 / 197
Flag

Rnk 604 / 1182

2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

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Latest Trends
Historical Data

About

Imports In 2022, Nigeria imported $4.35M in Petroleum Resins, becoming the 75th largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 604th most imported product in Nigeria. Nigeria imports Petroleum Resins primarily from: United Kingdom ($1.14M), China ($817k), United Arab Emirates ($693k), Germany ($508k), and Greece ($262k).

The fastest growing import markets in Petroleum Resins for Nigeria between 2021 and 2022 were Germany ($420k), United Arab Emirates ($362k), and United Kingdom ($308k).

Latest Trends

Mar 2024

Subnational Monthly Trade

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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 Petroleum Resins. 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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2021)$1.86k

IMPORTS (2022)$4.35M

NET TRADE (2022)-$4.35M

In 2022, Nigeria imported $4.35M in Petroleum Resins, mainly from United Kingdom ($1.14M), China ($817k), United Arab Emirates ($693k), Germany ($508k), and Greece ($262k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow

Exports

Imports

Starting

Ending

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY Nigeria WERE (N/A - 2021):Kenya-$1.86k (-100%)

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Change in Exports by Market (2021 - 2022)

Market Concentration

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Export

Import

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Value

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In 2022, Nigeria's main exporting competitors in Petroleum Resins were:

United States $1.31B

In 2022, Nigeria's main importing competitors in Petroleum Resins were:

United States $662M

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Trade Value of Petroleum Resins by Exporters

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