2022
Exports
$158kWorld Rnk 103 / 167
Flag Rnk 366 / 1077
2022
PRODUCT COMPLEXITY IN Carbonates
-0.61Rnk 730 / 1025
2022
Imports
$112MWorld Rnk 31 / 216
Flag Rnk 101 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $158k in Carbonates, making it the 103rd largest exporter of Carbonates in the world. At the same year, Carbonates was the 366th most exported product in Nigeria. The main destination of Carbonates exports from Nigeria are: Benin ($94.8k), Ghana ($32.9k), China ($16.5k), Niger ($6.3k), and Russia ($4.39k).

The fastest growing export markets for Carbonates of Nigeria between 2021 and 2022 were Benin ($63.8k), Ghana ($22.2k), and China ($16.5k).

Imports In 2022, Nigeria imported $112M in Carbonates, becoming the 31st largest importer of Carbonates in the world. At the same year, Carbonates was the 101st most imported product in Nigeria. Nigeria imports Carbonates primarily from: China ($57.9M), Turkey ($19.3M), Spain ($14.9M), Bulgaria ($3.6M), and United Kingdom ($3.2M).

The fastest growing import markets in Carbonates for Nigeria between 2021 and 2022 were China ($44.8M), Turkey ($11.5M), and Spain ($7.94M).

Latest Trends

Sep 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 Carbonates. 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)$158k
IMPORTS (2022)$112M
NET TRADE (2022)-$112M

In 2022, Nigeria exported $158k in Carbonates. The main destinations of Nigeria exports on Carbonates were Benin ($94.8k), Ghana ($32.9k), China ($16.5k), Niger ($6.3k), and Russia ($4.39k).

In 2022, Nigeria imported $112M in Carbonates, mainly from China ($57.9M), Turkey ($19.3M), Spain ($14.9M), Bulgaria ($3.6M), and United Kingdom ($3.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Carbonates EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Benin$63.8k (206%)
Ghana$22.2k (208%)
China$16.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Carbonates BY Nigeria WERE (2021 - 2022):
Mauritania-$17.2k (-100%)
Sierra Leone-$4.84k (-100%)
Eswatini-$42 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Carbonates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $81.6k
TOP IMPORT POTENTIALTurkey+ $3.19M

Carbonates’s highest export potential is China. With an export gap of $81.6k.   Carbonates’s highest import potential is Turkey with an import gap of $3.19M.

See methodology.

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