2022
Exports
$261World Rnk 107 / 114
Flag Rnk 2603 / 3150
2022
Imports
$891kWorld Rnk 83 / 169
Flag Rnk 2210 / 4266
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $261 in Magnesia, fused, dead-burned etc and magnesium oxide, making it the 107th largest exporter of Magnesia, fused, dead-burned etc and magnesium oxide in the world. At the same year, Magnesia, fused, dead-burned etc and magnesium oxide was the 2603rd most exported product in Nigeria. The main destination of Magnesia, fused, dead-burned etc and magnesium oxide exports from Nigeria are: Benin ($261).

The fastest growing export markets for Magnesia, fused, dead-burned etc and magnesium oxide of Nigeria between N/A and 2022 were Benin ($261).

Imports In 2018, Nigeria imported $891k in Magnesia, fused, dead-burned etc and magnesium oxide, becoming the 83rd largest importer of Magnesia, fused, dead-burned etc and magnesium oxide in the world. At the same year, Magnesia, fused, dead-burned etc and magnesium oxide was the 2210th most imported product in Nigeria. Nigeria imports Magnesia, fused, dead-burned etc and magnesium oxide primarily from: Niger ($338k), Spain ($277k), China ($179k), India ($44.4k), and Tanzania ($28.4k).

The fastest growing import markets in Magnesia, fused, dead-burned etc and magnesium oxide for Nigeria between 2021 and 2022 were Spain ($59.4k), Tanzania ($28.4k), and India ($15k).

COMPANIES In 2023, leading companies such as RHI Magnesita (6), Ford Motor Company (2), and Barry Callebaut (2) were at the forefront of shipping Magnesia, fused, dead-burned etc and magnesium oxide from Nigeria to the United States.

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 Magnesia, fused, dead-burned etc and magnesium oxide. 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)$261
IMPORTS (2022)$891k
NET TRADE (2022)-$891k

In 2022, Nigeria exported $261 in Magnesia, fused, dead-burned etc and magnesium oxide. The main destinations of Nigeria exports on Magnesia, fused, dead-burned etc and magnesium oxide were Benin ($261).

In 2022, Nigeria imported $891k in Magnesia, fused, dead-burned etc and magnesium oxide, mainly from Niger ($338k), Spain ($277k), China ($179k), India ($44.4k), and Tanzania ($28.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesia, fused, dead-burned etc and magnesium oxide EXPORT MARKETS FOR Nigeria WERE (N/A - 2022):Benin$261 (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Magnesia, fused, dead-burned etc and magnesium oxide were:
In 2022, Nigeria's main importing competitors in Magnesia, fused, dead-burned etc and magnesium oxide were:

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Trade Value of Magnesia, fused, dead-burned etc and magnesium oxide by Exporters

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