2022
Exports
$826kWorld Rnk 77 / 143
Flag Rnk 202 / 1077
2022
PRODUCT COMPLEXITY IN Styrene Polymers
0.75Rnk 262 / 1025
2022
Imports
$42.3MWorld Rnk 66 / 205
Flag Rnk 216 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $826k in Styrene Polymers, making it the 77th largest exporter of Styrene Polymers in the world. At the same year, Styrene Polymers was the 202nd most exported product in Nigeria. The main destination of Styrene Polymers exports from Nigeria are: China ($674k), India ($108k), Malaysia ($41.9k), Niger ($1.82k), and Benin ($455).

The fastest growing export markets for Styrene Polymers of Nigeria between 2021 and 2022 were China ($436k), India ($108k), and Malaysia ($17.8k).

Imports In 2022, Nigeria imported $42.3M in Styrene Polymers, becoming the 66th largest importer of Styrene Polymers in the world. At the same year, Styrene Polymers was the 216th most imported product in Nigeria. Nigeria imports Styrene Polymers primarily from: United Arab Emirates ($9.5M), Turkey ($8.61M), China ($6.76M), Chinese Taipei ($4.46M), and South Korea ($3.78M).

The fastest growing import markets in Styrene Polymers for Nigeria between 2021 and 2022 were United Arab Emirates ($2.91M), Brazil ($997k), and Chinese Taipei ($997k).

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 Styrene Polymers. 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)$826k
IMPORTS (2022)$42.3M
NET TRADE (2022)-$41.5M

In 2022, Nigeria exported $826k in Styrene Polymers. The main destinations of Nigeria exports on Styrene Polymers were China ($674k), India ($108k), Malaysia ($41.9k), Niger ($1.82k), and Benin ($455).

In 2022, Nigeria imported $42.3M in Styrene Polymers, mainly from United Arab Emirates ($9.5M), Turkey ($8.61M), China ($6.76M), Chinese Taipei ($4.46M), and South Korea ($3.78M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Styrene Polymers EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
China$436k (183%)
India$108k (1%)
Malaysia$17.8k (73.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Styrene Polymers BY Nigeria WERE (2021 - 2022):
Ghana-$4.04k (-100%)
Cameroon-$863 (-100%)
Portugal-$123 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Styrene Polymers were:
In 2022, Nigeria's main importing competitors in Styrene Polymers were:

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Trade Value of Styrene Polymers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $787k
TOP IMPORT POTENTIALChina+ $3.06M

Styrene Polymers’s highest export potential is China. With an export gap of $787k.   Styrene Polymers’s highest import potential is China with an import gap of $3.06M.

See methodology.

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