2022
Exports
$6.09kWorld Rnk 116 / 150
Flag Rnk 754 / 1077
2022
PRODUCT COMPLEXITY IN Wadding
-0.33Rnk 657 / 1025
2022
Imports
$6.84MWorld Rnk 68 / 216
Flag Rnk 532 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $6.09k in Wadding, making it the 116th largest exporter of Wadding in the world. At the same year, Wadding was the 754th most exported product in Nigeria. The main destination of Wadding exports from Nigeria are: Benin ($5.49k), Niger ($265), Sao Tome and Principe ($187), India ($96), and Ireland ($37).

The fastest growing export markets for Wadding of Nigeria between 2021 and 2022 were Benin ($3.32k), Niger ($209), and Sao Tome and Principe ($187).

Imports In 2022, Nigeria imported $6.84M in Wadding, becoming the 68th largest importer of Wadding in the world. At the same year, Wadding was the 532nd most imported product in Nigeria. Nigeria imports Wadding primarily from: China ($3.69M), Lithuania ($2.74M), Serbia ($138k), Poland ($76.1k), and United Arab Emirates ($68.4k).

The fastest growing import markets in Wadding for Nigeria between 2021 and 2022 were Lithuania ($179k), Serbia ($63.9k), and Brazil ($38k).

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 Wadding. 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)$6.09k
IMPORTS (2022)$6.84M
NET TRADE (2022)-$6.83M

In 2022, Nigeria exported $6.09k in Wadding. The main destinations of Nigeria exports on Wadding were Benin ($5.49k), Niger ($265), Sao Tome and Principe ($187), India ($96), and Ireland ($37).

In 2022, Nigeria imported $6.84M in Wadding, mainly from China ($3.69M), Lithuania ($2.74M), Serbia ($138k), Poland ($76.1k), and United Arab Emirates ($68.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wadding EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Benin$3.32k (153%)
Niger$209 (373%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wadding BY Nigeria WERE (2021 - 2022):
United Arab Emirates-$55.6k (-100%)
Kenya-$6.13k (-100%)
Senegal-$544 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Wadding by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBenin+ $1.36k
TOP IMPORT POTENTIALChina+ $593k

Wadding’s highest export potential is Benin. With an export gap of $1.36k.   Wadding’s highest import potential is China with an import gap of $593k.

See methodology.

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