2022
Exports
$7.57MWorld Rnk 102 / 220
Flag Rnk 77 / 1077
2022
PRODUCT COMPLEXITY IN Plastic Lids
-0.17Rnk 606 / 1025
2022
Imports
$130MWorld Rnk 70 / 225
Flag Rnk 86 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $7.57M in Plastic Lids, making it the 102nd largest exporter of Plastic Lids in the world. At the same year, Plastic Lids was the 77th most exported product in Nigeria. The main destination of Plastic Lids exports from Nigeria are: Niger ($5.61M), Senegal ($399k), United States ($381k), Benin ($308k), and Ghana ($293k).

The fastest growing export markets for Plastic Lids of Nigeria between 2021 and 2022 were Niger ($3.87M), Senegal ($347k), and Ghana ($293k).

Imports In 2022, Nigeria imported $130M in Plastic Lids, becoming the 70th largest importer of Plastic Lids in the world. At the same year, Plastic Lids was the 86th most imported product in Nigeria. Nigeria imports Plastic Lids primarily from: China ($84.2M), India ($11.3M), Spain ($5.62M), Germany ($4.57M), and Luxembourg ($4.28M).

The fastest growing import markets in Plastic Lids for Nigeria between 2021 and 2022 were Italy ($1.31M), Turkey ($784k), and Thailand ($618k).

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 Plastic Lids. 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)$7.57M
IMPORTS (2022)$130M
NET TRADE (2022)-$123M

In 2022, Nigeria exported $7.57M in Plastic Lids. The main destinations of Nigeria exports on Plastic Lids were Niger ($5.61M), Senegal ($399k), United States ($381k), Benin ($308k), and Ghana ($293k).

In 2022, Nigeria imported $130M in Plastic Lids, mainly from China ($84.2M), India ($11.3M), Spain ($5.62M), Germany ($4.57M), and Luxembourg ($4.28M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastic Lids EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Niger$3.87M (222%)
Senegal$347k (663%)
Ghana$293k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastic Lids BY Nigeria WERE (2021 - 2022):
Togo-$856k (-94.1%)
South Africa-$574k (-99.8%)
Sierra Leone-$43.9k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Plastic Lids were:
In 2022, Nigeria's main importing competitors in Plastic Lids were:

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Trade Value of Plastic Lids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.3M
TOP IMPORT POTENTIALChina+ $17.8M

Plastic Lids’s highest export potential is United States. With an export gap of $1.3M.   Plastic Lids’s highest import potential is China with an import gap of $17.8M.

See methodology.

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