2022
Exports
$110MWorld Rnk 1 / 66
Flag Rnk 18 / 3150
falsefalse China
2022
Imports
$6.76kWorld Rnk 44 / 74
Flag Rnk 3941 / 4266
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $110M in Niobium, tantalum and vanadium ores and concentrates, making it the 1st largest exporter of Niobium, tantalum and vanadium ores and concentrates in the world. At the same year, Niobium, tantalum and vanadium ores and concentrates was the 18th most exported product in Nigeria. The main destination of Niobium, tantalum and vanadium ores and concentrates exports from Nigeria are: China ($64.7M), Malaysia ($31.4M), Thailand ($8.07M), Hong Kong ($6.06M), and Netherlands ($1.44k).

The fastest growing export markets for Niobium, tantalum and vanadium ores and concentrates of Nigeria between 2021 and 2022 were Malaysia ($24.4M), China ($19.7M), and Thailand ($6.28M).

Imports In 2018, Nigeria imported $6.76k in Niobium, tantalum and vanadium ores and concentrates, becoming the 44th largest importer of Niobium, tantalum and vanadium ores and concentrates in the world. At the same year, Niobium, tantalum and vanadium ores and concentrates was the 3941st most imported product in Nigeria. Nigeria imports Niobium, tantalum and vanadium ores and concentrates primarily from: China ($6.76k).

COMPANIES In 2023, leading companies such as RHI Magnesita (6), Ford Motor Company (2), and Barry Callebaut (2) were at the forefront of shipping Niobium, tantalum and vanadium ores and concentrates from Nigeria to the United States.

Historical Data

Trade Balance

Color
EXPORTS (2022)$110M
IMPORTS (2022)$6.76k
NET TRADE (2022)$110M

In 2022, Nigeria exported $110M in Niobium, tantalum and vanadium ores and concentrates. The main destinations of Nigeria exports on Niobium, tantalum and vanadium ores and concentrates were China ($64.7M), Malaysia ($31.4M), Thailand ($8.07M), Hong Kong ($6.06M), and Netherlands ($1.44k).

In 2022, Nigeria imported $6.76k in Niobium, tantalum and vanadium ores and concentrates, mainly from China ($6.76k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Niobium, tantalum and vanadium ores and concentrates EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Malaysia$24.4M (348%)
China$19.7M (43.7%)
Thailand$6.28M (352%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Niobium, tantalum and vanadium ores and concentrates were:
In 2022, Nigeria's main importing competitors in Niobium, tantalum and vanadium ores and concentrates were:

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Trade Value of Niobium, tantalum and vanadium ores and concentrates by Exporters

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