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2022
Exports $954World Rnk 86 / 111
Flag Rnk 907 / 1077
2022
Destination $954 Sao Tome and Principe
2021 - 2022
FASTEST GROWING MARKET $954Sao Tome and Principe
2022
PRODUCT COMPLEXITY IN Rubber Thread0.38Rnk 414 / 1025
2022
Imports $875kWorld Rnk 70 / 194
Flag Rnk 854 / 1182
2022
Origin $41.4k China
2021 - 2022
FASTEST GROWING ORIGIN $41.4kAustria
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $954 in Rubber Thread, making it the 86th largest exporter of Rubber Thread in the world. At the same year, Rubber Thread was the 907th most exported product in Nigeria. The main destination of Rubber Thread exports from Nigeria are: Sao Tome and Principe ($954).

The fastest growing export markets for Rubber Thread of Nigeria between 2021 and 2022 were Sao Tome and Principe ($954).

Imports In 2022, Nigeria imported $875k in Rubber Thread, becoming the 70th largest importer of Rubber Thread in the world. At the same year, Rubber Thread was the 854th most imported product in Nigeria. Nigeria imports Rubber Thread primarily from: China ($808k), Austria ($41.4k), Brazil ($20.9k), India ($1.57k), and Latvia ($1.21k).

The fastest growing import markets in Rubber Thread for Nigeria between 2021 and 2022 were Austria ($41.4k), Latvia ($1.21k), and Germany ($379).

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 Rubber Thread. 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)$954
IMPORTS (2022)$875k
NET TRADE (2022)-$874k

In 2022, Nigeria exported $954 in Rubber Thread. The main destinations of Nigeria exports on Rubber Thread were Sao Tome and Principe ($954).

In 2022, Nigeria imported $875k in Rubber Thread, mainly from China ($808k), Austria ($41.4k), Brazil ($20.9k), India ($1.57k), and Latvia ($1.21k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Thread EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):Sao Tome and Principe$954 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Thread BY Nigeria WERE (2021 - 2022):
Burkina Faso-$4.87k (-100%)
Cote d'Ivoire-$2.91k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Rubber Thread were:
Thailand $386M
Malaysia $168M
China $107M
In 2022, Nigeria's main importing competitors in Rubber Thread were:
China $308M
Bangladesh $45.3M
Vietnam $28.1M

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Trade Value of Rubber Thread by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $498
TOP IMPORT POTENTIALIndia+ $7.41k

Rubber Thread’s highest export potential is China. With an export gap of $498.   Rubber Thread’s highest import potential is India with an import gap of $7.41k.

See methodology.

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