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2021
Exports $28kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Silicates-0.58Rnk 717 / 1025
2021
Imports $7.15MWorld Rnk 40 / 193
Flag Rnk 518 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Imports In 2022, Nigeria imported $7.15M in Silicates, becoming the 40th largest importer of Silicates in the world. At the same year, Silicates was the 518th most imported product in Nigeria. Nigeria imports Silicates primarily from: China ($5M), Hong Kong ($874k), Egypt ($700k), India ($390k), and Netherlands ($63k).

The fastest growing import markets in Silicates for Nigeria between 2021 and 2022 were China ($4.89M), Hong Kong ($874k), and Philippines ($5.96k).

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 Silicates. 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 (2021)$28k
IMPORTS (2022)$7.15M
NET TRADE (2022)-$7.15M

In 2022, Nigeria imported $7.15M in Silicates, mainly from China ($5M), Hong Kong ($874k), Egypt ($700k), India ($390k), and Netherlands ($63k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicates BY Nigeria WERE (N/A - 2021):Ghana-$28k (-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 Silicates were:
China $226M
Poland $118M
Netherlands $79.9M
In 2022, Nigeria's main importing competitors in Silicates were:
Germany $83M
United States $76.6M
Netherlands $61.9M

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Trade Value of Silicates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $479
TOP IMPORT POTENTIALEgypt+ $226k

Silicates’s highest export potential is United States. With an export gap of $479.   Silicates’s highest import potential is Egypt with an import gap of $226k.

See methodology.

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