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2015
Exports $1.06kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2015
Imports $156kWorld Rnk 71 / 156
Flag Rnk 1000 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Imports In 2022, Nigeria imported $156k in Magnesium Hydroxide and Peroxide, becoming the 71st largest importer of Magnesium Hydroxide and Peroxide in the world. At the same year, Magnesium Hydroxide and Peroxide was the 1000th most imported product in Nigeria. Nigeria imports Magnesium Hydroxide and Peroxide primarily from: China ($79.1k), India ($68.2k), and Belgium ($8.95k).

The fastest growing import markets in Magnesium Hydroxide and Peroxide for Nigeria between 2021 and 2022 were China ($79.1k) and Belgium ($2.22k).

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 Magnesium Hydroxide and Peroxide. 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 (2015)$1.06k
IMPORTS (2022)$156k
NET TRADE (2022)-$156k

In 2022, Nigeria imported $156k in Magnesium Hydroxide and Peroxide, mainly from China ($79.1k), India ($68.2k), and Belgium ($8.95k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
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Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, Nigeria's main exporting competitors in Magnesium Hydroxide and Peroxide were:
China $58.1M
Russia $49.1M
Netherlands $35.4M
In 2022, Nigeria's main importing competitors in Magnesium Hydroxide and Peroxide were:
United States $33.1M
China $29.1M
South Korea $25.2M

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Trade Value of Magnesium Hydroxide and Peroxide by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $378
TOP IMPORT POTENTIALChina+ $36.1k

Magnesium Hydroxide and Peroxide’s highest export potential is United States. With an export gap of $378.   Magnesium Hydroxide and Peroxide’s highest import potential is China with an import gap of $36.1k.

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