About

Exports In 2022, Nigeria exported $55.8k in Nitric Acids, making it the 59th largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 502nd most exported product in Nigeria. The main destination of Nitric Acids exports from Nigeria are: Ghana ($54.6k), Burkina Faso ($836), Niger ($347), and South Africa ($5).

The fastest growing export markets for Nitric Acids of Nigeria between 2021 and 2022 were Ghana ($54.6k), Burkina Faso ($836), and Niger ($347).

Imports In 2022, Nigeria imported $812k in Nitric Acids, becoming the 65th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 858th most imported product in Nigeria. Nigeria imports Nitric Acids primarily from: Belgium ($420k), Netherlands ($278k), China ($81k), India ($18.7k), and United Arab Emirates ($9.03k).

The fastest growing import markets in Nitric Acids for Nigeria between 2021 and 2022 were Netherlands ($220k), Belgium ($165k), and India ($18.6k).

Latest Trends

Jul 2024

Subnational Monthly Trade

View
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 Nitric Acids. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$55.8k
IMPORTS (2022)$812k
NET TRADE (2022)-$756k

In 2022, Nigeria exported $55.8k in Nitric Acids. The main destinations of Nigeria exports on Nitric Acids were Ghana ($54.6k), Burkina Faso ($836), Niger ($347), and South Africa ($5).

In 2022, Nigeria imported $812k in Nitric Acids, mainly from Belgium ($420k), Netherlands ($278k), China ($81k), India ($18.7k), and United Arab Emirates ($9.03k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitric Acids EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Ghana$54.6k (1%)
Burkina Faso$836 (1%)
Niger$347 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitric Acids BY Nigeria WERE (2021 - 2022):
Cameroon-$918 (-100%)
Benin-$68 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Nigeria's main exporting competitors in Nitric Acids were:
In 2022, Nigeria's main importing competitors in Nitric Acids were:
Germany $83.3M
France $64.3M
Japan $47.6M

Explore Visualizations

Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBurkina Faso+ $1.19k
TOP IMPORT POTENTIALChina+ $37.5k

Nitric Acids’s highest export potential is Burkina Faso. With an export gap of $1.19k.   Nitric Acids’s highest import potential is China with an import gap of $37.5k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with