2022
Exports
$46.9MWorld Rnk 46 / 158
Flag Rnk 35 / 1077
2022
PRODUCT COMPLEXITY IN Rough Wood
-1.3Rnk 908 / 1025
2022
Imports
$8.16MWorld Rnk 55 / 205
Flag Rnk 501 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $46.9M in Rough Wood, making it the 46th largest exporter of Rough Wood in the world. At the same year, Rough Wood was the 35th most exported product in Nigeria. The main destination of Rough Wood exports from Nigeria are: Vietnam ($31.3M), India ($8.94M), China ($5.9M), United States ($296k), and Germany ($244k).

The fastest growing export markets for Rough Wood of Nigeria between 2021 and 2022 were Vietnam ($8.22M), India ($923k), and United States ($296k).

Imports In 2022, Nigeria imported $8.16M in Rough Wood, becoming the 55th largest importer of Rough Wood in the world. At the same year, Rough Wood was the 501st most imported product in Nigeria. Nigeria imports Rough Wood primarily from: Madagascar ($7.96M), South Korea ($109k), China ($60.2k), Sudan ($31.2k), and United States ($4.05k).

The fastest growing import markets in Rough Wood for Nigeria between 2021 and 2022 were Madagascar ($2.28M), South Korea ($109k), and Sudan ($31.2k).

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 Rough Wood. 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)$46.9M
IMPORTS (2022)$8.16M
NET TRADE (2022)$38.7M

In 2022, Nigeria exported $46.9M in Rough Wood. The main destinations of Nigeria exports on Rough Wood were Vietnam ($31.3M), India ($8.94M), China ($5.9M), United States ($296k), and Germany ($244k).

In 2022, Nigeria imported $8.16M in Rough Wood, mainly from Madagascar ($7.96M), South Korea ($109k), China ($60.2k), Sudan ($31.2k), and United States ($4.05k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rough Wood EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Vietnam$8.22M (35.6%)
India$923k (11.5%)
United States$296k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rough Wood BY Nigeria WERE (2021 - 2022):
Singapore-$1.49M (-100%)
China-$782k (-11.7%)
Ghana-$178k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Rough Wood were:
In 2022, Nigeria's main importing competitors in Rough Wood were:

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Trade Value of Rough Wood by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $9.49M
TOP IMPORT POTENTIALChina+ $61.5k

Rough Wood’s highest export potential is China. With an export gap of $9.49M.   Rough Wood’s highest import potential is China with an import gap of $61.5k.

See methodology.

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