Iron Ore in Nigeria | The Observatory of Economic Complexity

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Exports In 2022, Nigeria exported $1.25M in Iron Ore, making it the 71st largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 170th most exported product in Nigeria. The main destination of Iron Ore exports from Nigeria are: China ($1.24M), Spain ($16.4k), Netherlands ($360), and South Africa ($61).

The fastest growing export markets for Iron Ore of Nigeria between 2021 and 2022 were China ($1.19M), Spain ($16.4k), and South Africa ($56).

Imports In 2022, Nigeria imported $11.6k in Iron Ore, becoming the 105th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 1128th most imported product in Nigeria. Nigeria imports Iron Ore primarily from: Niger ($11.6k).

The fastest growing import markets in Iron Ore for Nigeria between 2021 and 2022 were Niger ($11.6k).

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

Latest Trends

Feb 2024

Subnational Monthly Trade

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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 Iron 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

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Trade Value

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Growth (%)

Year

EXPORTS (2022)$1.25M

IMPORTS (2022)$11.6k

NET TRADE (2022)$1.24M

In 2022, Nigeria exported $1.25M in Iron Ore. The main destinations of Nigeria exports on Iron Ore were China ($1.24M), Spain ($16.4k), Netherlands ($360), and South Africa ($61).

In 2022, Nigeria imported $11.6k in Iron Ore, mainly from Niger ($11.6k).

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