2023
Exports
$33World Rnk 93 / 96
Flag Rnk 1066 / 1096
falsefalse Niger
2023
Imports
$343kWorld Rnk 89 / 180
Flag Rnk 933 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $33 in Nitric Acids, making it the 93rd largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 1066th most exported product in Nigeria. The main destination of Nitric Acids exports from Nigeria are: Niger ($33).

Imports In 2023, Nigeria imported $343k in Nitric Acids, becoming the 89th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 933rd most imported product in Nigeria. Nigeria imports Nitric Acids primarily from: Belgium ($284k), Netherlands ($25k), United Arab Emirates ($15.1k), Spain ($9.32k), and United Kingdom ($6.76k).

The fastest growing import markets in Nitric Acids for Nigeria between 2022 and 2023 were Spain ($9.32k), United Kingdom ($6.62k), and United Arab Emirates ($6.02k).

Latest Trends

Dec 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 Nitric Acids. 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 (2023)$33
IMPORTS (2023)$343k
NET TRADE (2023)-$343k

In 2023, Nigeria exported $33 in Nitric Acids. The main destinations of Nigeria exports on Nitric Acids were Niger ($33).

In 2023, Nigeria imported $343k in Nitric Acids, mainly from Belgium ($284k), Netherlands ($25k), United Arab Emirates ($15.1k), Spain ($9.32k), and United Kingdom ($6.76k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitric Acids BY Nigeria WERE (2022 - 2023):
Ghana-$54.6k (-100%)
Burkina Faso-$938 (-100%)
Niger-$352 (-91.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Nitric Acids were:
In 2023, Nigeria's main importing competitors in Nitric Acids were:
Germany $50.8M
France $35.9M
Belgium $35.3M

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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.

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