2023
Exports
$32.1MWorld Rnk 28 / 125
Flag Rnk 47 / 1096
2023
PRODUCT COMPLEXITY IN Unprocessed Synthetic Staple Fibers
0.3Rnk 460 / 1025
2023
Imports
$8.77MWorld Rnk 71 / 193
Flag Rnk 475 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $32.1M in Unprocessed Synthetic Staple Fibers, making it the 28th largest exporter of Unprocessed Synthetic Staple Fibers in the world. At the same year, Unprocessed Synthetic Staple Fibers was the 47th most exported product in Nigeria. The main destination of Unprocessed Synthetic Staple Fibers exports from Nigeria are: United States ($6.16M), Morocco ($4.68M), Poland ($4.37M), Brazil ($2.24M), and Turkey ($2.15M).

The fastest growing export markets for Unprocessed Synthetic Staple Fibers of Nigeria between 2022 and 2023 were China ($1.15M), Italy ($1.11M), and Brazil ($610k).

Imports In 2023, Nigeria imported $8.77M in Unprocessed Synthetic Staple Fibers, becoming the 71st largest importer of Unprocessed Synthetic Staple Fibers in the world. At the same year, Unprocessed Synthetic Staple Fibers was the 475th most imported product in Nigeria. Nigeria imports Unprocessed Synthetic Staple Fibers primarily from: China ($6.58M), Thailand ($1.02M), India ($546k), South Korea ($223k), and Japan ($128k).

The fastest growing import markets in Unprocessed Synthetic Staple Fibers for Nigeria between 2022 and 2023 were Egypt ($47k), United Arab Emirates ($22.8k), and Belgium ($18k).

Latest Trends

Jan 2025

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 Unprocessed Synthetic Staple Fibers. 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)$32.1M
IMPORTS (2023)$8.77M
NET TRADE (2023)$23.4M

In 2023, Nigeria exported $32.1M in Unprocessed Synthetic Staple Fibers. The main destinations of Nigeria exports on Unprocessed Synthetic Staple Fibers were United States ($6.16M), Morocco ($4.68M), Poland ($4.37M), Brazil ($2.24M), and Turkey ($2.15M).

In 2023, Nigeria imported $8.77M in Unprocessed Synthetic Staple Fibers, mainly from China ($6.58M), Thailand ($1.02M), India ($546k), South Korea ($223k), and Japan ($128k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Unprocessed Synthetic Staple Fibers EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
China$1.15M (1%)
Italy$1.11M (355%)
Brazil$610k (37.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unprocessed Synthetic Staple Fibers BY Nigeria WERE (2022 - 2023):
Spain-$2.86M (-59.4%)
Lithuania-$1.25M (-46.3%)
Guatemala-$1.16M (-95.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Unprocessed Synthetic Staple Fibers were:
In 2023, Nigeria's main importing competitors in Unprocessed Synthetic Staple Fibers were:

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Trade Value of Unprocessed Synthetic Staple Fibers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.51M
TOP IMPORT POTENTIALChina+ $1.87M

Unprocessed Synthetic Staple Fibers’s highest export potential is United States. With an export gap of $5.51M.   Unprocessed Synthetic Staple Fibers’s highest import potential is China with an import gap of $1.87M.

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