2022
Exports
$2.97kWorld Rnk 69 / 89
Flag Rnk 826 / 1077
falsefalse Niger
2022
PRODUCT COMPLEXITY IN Iron Reductions
-1.54Rnk 951 / 1025
2022
Imports
$152kWorld Rnk 66 / 144
Flag Rnk 1003 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $2.97k in Iron Reductions, making it the 69th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 826th most exported product in Nigeria. The main destination of Iron Reductions exports from Nigeria are: Niger ($2.97k).

The fastest growing export markets for Iron Reductions of Nigeria between 2021 and 2022 were Niger ($2.97k).

Imports In 2022, Nigeria imported $152k in Iron Reductions, becoming the 66th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 1003rd most imported product in Nigeria. Nigeria imports Iron Reductions primarily from: India ($152k) and China ($10).

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 Iron Reductions. 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)$2.97k
IMPORTS (2022)$152k
NET TRADE (2022)-$149k

In 2022, Nigeria exported $2.97k in Iron Reductions. The main destinations of Nigeria exports on Iron Reductions were Niger ($2.97k).

In 2022, Nigeria imported $152k in Iron Reductions, mainly from India ($152k) and China ($10).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):Niger$2.97k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Nigeria WERE (2021 - 2022):South Africa-$16 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.33k
TOP IMPORT POTENTIALIndia+ $131k

Iron Reductions’s highest export potential is United States. With an export gap of $1.33k.   Iron Reductions’s highest import potential is India with an import gap of $131k.

See methodology.

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