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2022
Exports $261World Rnk 109 / 116
Flag Rnk 969 / 1077
2022
Destination $261 Benin
2022
PRODUCT COMPLEXITY IN Magnesium Carbonate-0.46Rnk 685 / 1025
2022
Imports $942kWorld Rnk 82 / 172
Flag Rnk 839 / 1182
2022
Origin $61.8k Niger
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $261 in Magnesium Carbonate, making it the 109th largest exporter of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 969th most exported product in Nigeria. The main destination of Magnesium Carbonate exports from Nigeria are: Benin ($261).

The fastest growing export markets for Magnesium Carbonate of Nigeria between N/A and 2022 were Benin ($261).

Imports In 2022, Nigeria imported $942k in Magnesium Carbonate, becoming the 82nd largest importer of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 839th most imported product in Nigeria. Nigeria imports Magnesium Carbonate primarily from: Niger ($338k), Spain ($310k), China ($179k), India ($46.5k), and Tanzania ($28.4k).

The fastest growing import markets in Magnesium Carbonate for Nigeria between 2021 and 2022 were Spain ($61.8k), Tanzania ($28.4k), and India ($15.3k).

Latest Trends

Oct 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 Magnesium Carbonate. 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)$942k
NET TRADE (2022)-$941k

In 2022, Nigeria exported $261 in Magnesium Carbonate. The main destinations of Nigeria exports on Magnesium Carbonate were Benin ($261).

In 2022, Nigeria imported $942k in Magnesium Carbonate, mainly from Niger ($338k), Spain ($310k), China ($179k), India ($46.5k), and Tanzania ($28.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium Carbonate EXPORT MARKETS FOR Nigeria WERE (N/A - 2022):Benin$261 (1%)
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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 Magnesium Carbonate were:
China $1.24B
United States $185M
Netherlands $119M
In 2022, Nigeria's main importing competitors in Magnesium Carbonate were:
United States $334M
Germany $230M
Democratic Republic of the Congo $214M

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Trade Value of Magnesium Carbonate by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $675
TOP IMPORT POTENTIALChina+ $263k

Magnesium Carbonate’s highest export potential is United States. With an export gap of $675.   Magnesium Carbonate’s highest import potential is China with an import gap of $263k.

See methodology.

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