2023
Exports
$12.3MWorld Rnk 62 / 160
Flag Rnk 67 / 1096
2023
PRODUCT COMPLEXITY IN Rough Wood
-1.34Rnk 910 / 1025
2023
Imports
$167kWorld Rnk 147 / 205
Flag Rnk 1003 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $12.3M in Rough Wood, making it the 62nd largest exporter of Rough Wood in the world. At the same year, Rough Wood was the 67th most exported product in Nigeria. The main destination of Rough Wood exports from Nigeria are: India ($5.93M), China ($5.32M), United States ($475k), Germany ($294k), and United Arab Emirates ($163k).

The fastest growing export markets for Rough Wood of Nigeria between 2022 and 2023 were United States ($179k), United Arab Emirates ($163k), and Benin ($18.1k).

Imports In 2023, Nigeria imported $167k in Rough Wood, becoming the 147th largest importer of Rough Wood in the world. At the same year, Rough Wood was the 1003rd most imported product in Nigeria. Nigeria imports Rough Wood primarily from: Hong Kong ($136k), China ($16k), United Kingdom ($8.43k), United States ($6.64k), and Italy ($251).

The fastest growing import markets in Rough Wood for Nigeria between 2022 and 2023 were Hong Kong ($136k), United Kingdom ($8.43k), and United States ($3.94k).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 (2023)$12.3M
IMPORTS (2023)$167k
NET TRADE (2023)$12.1M

In 2023, Nigeria exported $12.3M in Rough Wood. The main destinations of Nigeria exports on Rough Wood were India ($5.93M), China ($5.32M), United States ($475k), Germany ($294k), and United Arab Emirates ($163k).

In 2023, Nigeria imported $167k in Rough Wood, mainly from Hong Kong ($136k), China ($16k), United Kingdom ($8.43k), United States ($6.64k), and Italy ($251).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rough Wood EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
United States$179k (60.5%)
Benin$18.1k (532%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rough Wood BY Nigeria WERE (2022 - 2023):
Vietnam-$36.6M (-100%)
India-$3.02M (-33.7%)
China-$1.59M (-23%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Rough Wood were:
In 2023, Nigeria's main importing competitors in Rough Wood were:
China $5.64B
India $836M

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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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