2022
Exports
$14.8MWorld Rnk 42 / 133
Flag Rnk 65 / 1077
2022
PRODUCT COMPLEXITY IN Raw Cotton
-2.57Rnk 1022 / 1025
2022
Imports
$113kWorld Rnk 113 / 183
Flag Rnk 1023 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $14.8M in Raw Cotton, making it the 42nd largest exporter of Raw Cotton in the world. At the same year, Raw Cotton was the 65th most exported product in Nigeria. The main destination of Raw Cotton exports from Nigeria are: India ($5.1M), Pakistan ($3.65M), Vietnam ($3.6M), Bangladesh ($1.77M), and China ($359k).

The fastest growing export markets for Raw Cotton of Nigeria between 2021 and 2022 were India ($4.97M), Vietnam ($1.66M), and Bangladesh ($1.62M).

Imports In 2022, Nigeria imported $113k in Raw Cotton, becoming the 113th largest importer of Raw Cotton in the world. At the same year, Raw Cotton was the 1023rd most imported product in Nigeria. Nigeria imports Raw Cotton primarily from: China ($61.4k), United Kingdom ($46.4k), Hong Kong ($4.3k), Lebanon ($1.01k), and Benin ($28).

The fastest growing import markets in Raw Cotton for Nigeria between 2021 and 2022 were United Kingdom ($46.4k), Hong Kong ($4.3k), and China ($808).

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 Raw Cotton. 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)$14.8M
IMPORTS (2022)$113k
NET TRADE (2022)$14.6M

In 2022, Nigeria exported $14.8M in Raw Cotton. The main destinations of Nigeria exports on Raw Cotton were India ($5.1M), Pakistan ($3.65M), Vietnam ($3.6M), Bangladesh ($1.77M), and China ($359k).

In 2022, Nigeria imported $113k in Raw Cotton, mainly from China ($61.4k), United Kingdom ($46.4k), Hong Kong ($4.3k), Lebanon ($1.01k), and Benin ($28).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Cotton EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
India$4.97M (3.91k%)
Vietnam$1.66M (85.3%)
Bangladesh$1.62M (1.12k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Cotton BY Nigeria WERE (2021 - 2022):
Pakistan-$10.2M (-73.5%)
Japan-$1.11M (-100%)
China-$883k (-71.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Raw Cotton were:
In 2022, Nigeria's main importing competitors in Raw Cotton were:

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Trade Value of Raw Cotton by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $5.38M
TOP IMPORT POTENTIALChina+ $30.7k

Raw Cotton’s highest export potential is India. With an export gap of $5.38M.   Raw Cotton’s highest import potential is China with an import gap of $30.7k.

See methodology.

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