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2022
Exports $940World Rnk 99 / 113
Flag Rnk 909 / 1077
2022
Destination $940 Norway
2021 - 2022
FASTEST GROWING MARKET $940Norway
2022
Imports $2.38MWorld Rnk 37 / 161
Flag Rnk 705 / 1182
2022
Origin $2.1M Poland
2021 - 2022
FASTEST GROWING ORIGIN $2.1MPoland
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $940 in Parachutes, making it the 99th largest exporter of Parachutes in the world. At the same year, Parachutes was the 909th most exported product in Nigeria. The main destination of Parachutes exports from Nigeria are: Norway ($940).

The fastest growing export markets for Parachutes of Nigeria between 2021 and 2022 were Norway ($940).

Imports In 2022, Nigeria imported $2.38M in Parachutes, becoming the 37th largest importer of Parachutes in the world. At the same year, Parachutes was the 705th most imported product in Nigeria. Nigeria imports Parachutes primarily from: Poland ($2.1M), China ($210k), United Kingdom ($71.4k), United States ($137), and France ($121).

The fastest growing import markets in Parachutes for Nigeria between 2021 and 2022 were Poland ($2.1M), China ($198k), and United Kingdom ($70.5k).

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 Parachutes. 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)$940
IMPORTS (2022)$2.38M
NET TRADE (2022)-$2.38M

In 2022, Nigeria exported $940 in Parachutes. The main destinations of Nigeria exports on Parachutes were Norway ($940).

In 2022, Nigeria imported $2.38M in Parachutes, mainly from Poland ($2.1M), China ($210k), United Kingdom ($71.4k), United States ($137), and France ($121).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Parachutes EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):Norway$940 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Parachutes BY Nigeria WERE (2021 - 2022):United Kingdom-$1.66k (-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 Parachutes were:
United States $127M
Vietnam $37.5M
United Kingdom $29.9M
In 2022, Nigeria's main importing competitors in Parachutes were:
United States $57.3M
France $43.1M
Germany $39.7M

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Trade Value of Parachutes by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALNorway+ $633
TOP IMPORT POTENTIALChina+ $56.2k

Parachutes’s highest export potential is Norway. With an export gap of $633.   Parachutes’s highest import potential is China with an import gap of $56.2k.

See methodology.

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