Gold in Nigeria

EXPORTS (2018): $577M, World Rnk 56 / 166
Flag Rnk 5 / 849

TOP DESTINATION (2018): $575M, United Arab Emirates

FASTEST GROWING MARKET (2017 - 2018): $575M, United Arab Emirates

IMPORTS (2018): $202k, World Rnk 117 / 142
Flag Rnk 983 / 1174

TOP ORIGIN (2018): $202k, United Arab Emirates

FASTEST GROWING ORIGIN (2017 - 2018): $202k, United Arab Emirates

ECONOMIC COMPLEXITY of Nigeria (2018): -1.75, Rnk 134 / 137

PRODUCT COMPLEXITY  IN Gold (2018): -2.33, Rnk 1009 / 1018

Overview: This page contains the latest trade data of Gold in Nigeria.

Exports: In 2018, Nigeria exported $577M in Gold, making it the 56th largest exporter of Gold in the world. At the same year, Gold was the 5th most exported product in Nigeria. The main destination of Gold exports from Nigeria are: United Arab Emirates ($575M), Switzerland ($1.62M), and Spain ($109k).

The fastest growing export markets for Gold of Nigeria between 2017 and 2018 were United Arab Emirates ($575M) and Spain ($109k).

Imports: In 2018, Nigeria imported $202k in Gold, becoming the 117th largest importer of Gold in the world. At the same year, Gold was the 983rd most imported product in Nigeria. Nigeria imports Gold primarily from: United Arab Emirates ($202k).

The fastest growing import markets in Gold for Nigeria between 2017 and 2018 were United Arab Emirates ($202k).

Tariffs: In 2016, the average tariff for Nigeria in Gold was 7.57%. The countries with the highest import tariffs for Gold were Angola (8%), Burundi (8%), Botswana (8%), Central African Republic (8%), and Cameroon (8%).

Value

EXPORTS (2018): $577M

IMPORTS (2018): $202k

NET TRADE (2018): $577M

In 2018, Nigeria exported $577M in Gold. The main destinations of Nigeria exports on Gold were United Arab Emirates ($575M), Switzerland ($1.62M), and Spain ($109k).

In 2018, Nigeria imported $202k in Gold, mainly from United Arab Emirates ($202k).

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IN 2018, Nigeria HAD A POSITIVE NET TRADE IN Gold WITH:

  • United Arab Emirates, $575M ($575M - $202k)
  • Switzerland, $1.62M ($1.62M - $0)
  • Spain, $109k ($109k - $0)
Flow

THE FASTEST GROWING Gold EXPORT MARKETS FOR Nigeria WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Nigeria WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Nigeria's main exporting competitors in Gold were:

In 2018, Nigeria's main importing competitors in Gold were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Gold in Nigeria. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2016, the average tariff for Nigeria in Gold was 7.57%.

The countries with the highest tariffs for Gold in Nigeria were Angola (8%), Burundi (8%), Botswana (8%), Central African Republic (8%), and Cameroon (8%).

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