2022
Exports
$36.6MWorld Rnk 29 / 132
Flag Rnk 39 / 1077
2022
PRODUCT COMPLEXITY IN Unprocessed Synthetic Staple Fibers
0.33Rnk 430 / 1025
2022
Imports
$15.5MWorld Rnk 63 / 188
Flag Rnk 385 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $36.6M in Unprocessed Synthetic Staple Fibers, making it the 29th largest exporter of Unprocessed Synthetic Staple Fibers in the world. At the same year, Unprocessed Synthetic Staple Fibers was the 39th most exported product in Nigeria. The main destination of Unprocessed Synthetic Staple Fibers exports from Nigeria are: United States ($6.96M), Spain ($4.82M), Morocco ($4.76M), Poland ($4.5M), and Portugal ($2.76M).

The fastest growing export markets for Unprocessed Synthetic Staple Fibers of Nigeria between 2021 and 2022 were Morocco ($4.11M), Poland ($2.94M), and Spain ($2.91M).

Imports In 2022, Nigeria imported $15.5M in Unprocessed Synthetic Staple Fibers, becoming the 63rd largest importer of Unprocessed Synthetic Staple Fibers in the world. At the same year, Unprocessed Synthetic Staple Fibers was the 385th most imported product in Nigeria. Nigeria imports Unprocessed Synthetic Staple Fibers primarily from: China ($10.2M), Thailand ($2.32M), South Korea ($1.18M), India ($797k), and Japan ($601k).

The fastest growing import markets in Unprocessed Synthetic Staple Fibers for Nigeria between 2021 and 2022 were South Korea ($982k), Thailand ($504k), and India ($236k).

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 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 (2022)$36.6M
IMPORTS (2022)$15.5M
NET TRADE (2022)$21.2M

In 2022, Nigeria exported $36.6M in Unprocessed Synthetic Staple Fibers. The main destinations of Nigeria exports on Unprocessed Synthetic Staple Fibers were United States ($6.96M), Spain ($4.82M), Morocco ($4.76M), Poland ($4.5M), and Portugal ($2.76M).

In 2022, Nigeria imported $15.5M in Unprocessed Synthetic Staple Fibers, mainly from China ($10.2M), Thailand ($2.32M), South Korea ($1.18M), India ($797k), and Japan ($601k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Unprocessed Synthetic Staple Fibers EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Morocco$4.11M (641%)
Poland$2.94M (190%)
Spain$2.91M (152%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unprocessed Synthetic Staple Fibers BY Nigeria WERE (2021 - 2022):
China-$4.23M (-100%)
Bulgaria-$429k (-46.3%)
Brazil-$359k (-19.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Unprocessed Synthetic Staple Fibers were:
In 2022, 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
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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.

See methodology.

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