2022
Exports
$4.07kWorld Rnk 61 / 79
Flag Rnk 801 / 1077
falsefalse Brazil
2022
Imports
$64.7kWorld Rnk 72 / 140
Flag Rnk 1047 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $4.07k in Wood Wool, making it the 61st largest exporter of Wood Wool in the world. At the same year, Wood Wool was the 801st most exported product in Nigeria. The main destination of Wood Wool exports from Nigeria are: Brazil ($3.72k), Benin ($333), and Belgium ($21).

The fastest growing export markets for Wood Wool of Nigeria between 2021 and 2022 were Brazil ($2.55k) and Benin ($333).

Imports In 2022, Nigeria imported $64.7k in Wood Wool, becoming the 72nd largest importer of Wood Wool in the world. At the same year, Wood Wool was the 1047th most imported product in Nigeria. Nigeria imports Wood Wool primarily from: Vietnam ($64.7k).

Latest Trends

Nov 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 Wood Wool. 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)$4.07k
IMPORTS (2022)$64.7k
NET TRADE (2022)-$60.6k

In 2022, Nigeria exported $4.07k in Wood Wool. The main destinations of Nigeria exports on Wood Wool were Brazil ($3.72k), Benin ($333), and Belgium ($21).

In 2022, Nigeria imported $64.7k in Wood Wool, mainly from Vietnam ($64.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Wool EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Brazil$2.55k (217%)
Benin$333 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Wool BY Nigeria WERE (2021 - 2022):
Spain-$284 (-100%)
Belgium-$28 (-57.1%)
Switzerland-$25 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Wood Wool by Exporters

Potential Exports

Potential Exports

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Wood Wool’s highest export potential is N/A. With an export gap of N/A.   Wood Wool’s highest import potential is N/A with an import gap of N/A.

See methodology.

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