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2022
Exports $5.47MWorld Rnk 72 / 192
Flag Rnk 89 / 1077
2022
Destination $1.86M Republic of the Congo
2021 - 2022
FASTEST GROWING MARKET $1.86MRepublic of the Congo
2022
PRODUCT COMPLEXITY IN Packing Bags-1.76Rnk 978 / 1025
2022
Imports $9.55MWorld Rnk 99 / 223
Flag Rnk 477 / 1182
2022
Origin $62.5k China
2021 - 2022
FASTEST GROWING ORIGIN $62.5kUnited States
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $5.47M in Packing Bags, making it the 72nd largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 89th most exported product in Nigeria. The main destination of Packing Bags exports from Nigeria are: Republic of the Congo ($2.86M), Ghana ($1.54M), Benin ($602k), Sierra Leone ($322k), and Niger ($102k).

The fastest growing export markets for Packing Bags of Nigeria between 2021 and 2022 were Republic of the Congo ($1.86M), Benin ($309k), and Ghana ($233k).

Imports In 2022, Nigeria imported $9.55M in Packing Bags, becoming the 99th largest importer of Packing Bags in the world. At the same year, Packing Bags was the 477th most imported product in Nigeria. Nigeria imports Packing Bags primarily from: China ($6.18M), Bangladesh ($1.63M), Vietnam ($612k), India ($394k), and Turkey ($243k).

The fastest growing import markets in Packing Bags for Nigeria between 2021 and 2022 were United States ($62.5k), United Arab Emirates ($38.8k), and Italy ($34.6k).

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 Packing Bags. 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)$5.47M
IMPORTS (2022)$9.55M
NET TRADE (2022)-$4.08M

In 2022, Nigeria exported $5.47M in Packing Bags. The main destinations of Nigeria exports on Packing Bags were Republic of the Congo ($2.86M), Ghana ($1.54M), Benin ($602k), Sierra Leone ($322k), and Niger ($102k).

In 2022, Nigeria imported $9.55M in Packing Bags, mainly from China ($6.18M), Bangladesh ($1.63M), Vietnam ($612k), India ($394k), and Turkey ($243k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Republic of the Congo$1.86M (186%)
Benin$309k (105%)
Ghana$233k (17.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Nigeria WERE (2021 - 2022):
Sierra Leone-$900k (-73.7%)
Democratic Republic of the Congo-$323k (-96.9%)
Cote d'Ivoire-$90.9k (-99%)
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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 Packing Bags were:
China $1.74B
India $1.39B
Vietnam $639M
In 2022, Nigeria's main importing competitors in Packing Bags were:
United States $894M
Japan $472M
Germany $351M

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALBenin+ $211k
TOP IMPORT POTENTIALChina+ $1.59M

Packing Bags’s highest export potential is Benin. With an export gap of $211k.   Packing Bags’s highest import potential is China with an import gap of $1.59M.

See methodology.

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