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2022
Exports $826kWorld Rnk 64 / 109
Flag Rnk 204 / 1077
2022
Destination $100k China
2021 - 2022
FASTEST GROWING MARKET $100kUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Precious Metal Ore-1.71Rnk 973 / 1025
2022
Imports $6.88kWorld Rnk 73 / 109
Flag Rnk 1137 / 1182
2022
Origin $6.88k Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $6.88kNetherlands
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $826k in Precious Metal Ore, making it the 64th largest exporter of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 204th most exported product in Nigeria. The main destination of Precious Metal Ore exports from Nigeria are: China ($671k), United Arab Emirates ($155k), South Korea ($47), South Africa ($5), and Canada ($4).

The fastest growing export markets for Precious Metal Ore of Nigeria between 2021 and 2022 were United Arab Emirates ($100k), South Korea ($47), and Canada ($4).

Imports In 2022, Nigeria imported $6.88k in Precious Metal Ore, becoming the 73rd largest importer of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 1137th most imported product in Nigeria. Nigeria imports Precious Metal Ore primarily from: Netherlands ($6.88k).

The fastest growing import markets in Precious Metal Ore for Nigeria between 2021 and 2022 were Netherlands ($6.88k).

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 Precious Metal Ore. 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)$826k
IMPORTS (2022)$6.88k
NET TRADE (2022)$819k

In 2022, Nigeria exported $826k in Precious Metal Ore. The main destinations of Nigeria exports on Precious Metal Ore were China ($671k), United Arab Emirates ($155k), South Korea ($47), South Africa ($5), and Canada ($4).

In 2022, Nigeria imported $6.88k in Precious Metal Ore, mainly from Netherlands ($6.88k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Ore EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
United Arab Emirates$100k (182%)
South Korea$47 (1%)
Canada$4 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Ore BY Nigeria WERE (2021 - 2022):
China-$1.35M (-66.8%)
United States-$3.36k (-100%)
Netherlands-$478 (-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 Precious Metal Ore were:
South Africa $1.97B
Australia $1.56B
Mexico $1.25B
In 2022, Nigeria's main importing competitors in Precious Metal Ore were:
China $5.16B
Germany $2.75B
South Korea $783M

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Trade Value of Precious Metal Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.03M
TOP IMPORT POTENTIALNetherlands+ $4.18k

Precious Metal Ore’s highest export potential is China. With an export gap of $1.03M.   Precious Metal Ore’s highest import potential is Netherlands with an import gap of $4.18k.

See methodology.

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