2022
Exports | Imports
$22.7M | $4.4MWorld Rnk 35 / 181
Flag Rnk 51 / 1077
World Rnk 64 / 188
Flag Rnk 599 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 119 / 124
2022
PRODUCT COMPLEXITY IN Scrap Plastic
-0.63Rnk 739 / 1025

About

Exports In 2022, Nigeria exported $22.7M in Scrap Plastic, making it the 35th largest exporter of Scrap Plastic in the world. At the same year, Scrap Plastic was the 51st most exported product in Nigeria. The main destination of Scrap Plastic exports from Nigeria are: Spain ($9.41M), United Kingdom ($3.1M), Turkey ($2.6M), Ireland ($2.01M), and United States ($1.83M).

The fastest growing export markets for Scrap Plastic of Nigeria between 2021 and 2022 were Spain ($9.28M), United Kingdom ($1.98M), and Turkey ($1.67M).

Imports In 2022, Nigeria imported $4.4M in Scrap Plastic, becoming the 64th largest importer of Scrap Plastic in the world. At the same year, Scrap Plastic was the 599th most imported product in Nigeria. Nigeria imports Scrap Plastic primarily from: Thailand ($2.41M), China ($1.52M), Vietnam ($216k), Hong Kong ($83.5k), and United Kingdom ($74.3k).

The fastest growing import markets in Scrap Plastic for Nigeria between 2021 and 2022 were Thailand ($1.74M), Hong Kong ($50.6k), and Spain ($40.4k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Scrap Plastic from Nigeria to the United States.

Latest Trends

Feb 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 Scrap Plastic. 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)$22.7M
IMPORTS (2022)$4.4M
NET TRADE (2022)$18.3M

In 2022, Nigeria exported $22.7M in Scrap Plastic. The main destinations of Nigeria exports on Scrap Plastic were Spain ($9.41M), United Kingdom ($3.1M), Turkey ($2.6M), Ireland ($2.01M), and United States ($1.83M).

In 2022, Nigeria imported $4.4M in Scrap Plastic, mainly from Thailand ($2.41M), China ($1.52M), Vietnam ($216k), Hong Kong ($83.5k), and United Kingdom ($74.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Plastic EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Spain$9.28M (7.27k%)
United Kingdom$1.98M (177%)
Turkey$1.67M (181%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Plastic BY Nigeria WERE (2021 - 2022):
Ukraine-$1.6M (-71.1%)
United States-$1.54M (-45.7%)
Ireland-$552k (-21.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Scrap Plastic by Exporters

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