2022
Exports
$2.13MWorld Rnk 68 / 161
Flag Rnk 130 / 1077
2022
PRODUCT COMPLEXITY IN Other Inorganic Acids
0.33Rnk 431 / 1025
2022
Imports
$9.42MWorld Rnk 61 / 214
Flag Rnk 481 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $2.13M in Other Inorganic Acids, making it the 68th largest exporter of Other Inorganic Acids in the world. At the same year, Other Inorganic Acids was the 130th most exported product in Nigeria. The main destination of Other Inorganic Acids exports from Nigeria are: Ghana ($556k), South Africa ($456k), United Arab Emirates ($212k), United States ($152k), and China ($120k).

The fastest growing export markets for Other Inorganic Acids of Nigeria between 2021 and 2022 were South Africa ($177k), United Arab Emirates ($128k), and Benin ($107k).

Imports In 2022, Nigeria imported $9.42M in Other Inorganic Acids, becoming the 61st largest importer of Other Inorganic Acids in the world. At the same year, Other Inorganic Acids was the 481st most imported product in Nigeria. Nigeria imports Other Inorganic Acids primarily from: Finland ($3M), India ($2.23M), Netherlands ($1.53M), China ($937k), and Denmark ($425k).

The fastest growing import markets in Other Inorganic Acids for Nigeria between 2021 and 2022 were Finland ($3M), Belgium ($223k), and Poland ($87.4k).

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 Other Inorganic 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 (2022)$2.13M
IMPORTS (2022)$9.42M
NET TRADE (2022)-$7.29M

In 2022, Nigeria exported $2.13M in Other Inorganic Acids. The main destinations of Nigeria exports on Other Inorganic Acids were Ghana ($556k), South Africa ($456k), United Arab Emirates ($212k), United States ($152k), and China ($120k).

In 2022, Nigeria imported $9.42M in Other Inorganic Acids, mainly from Finland ($3M), India ($2.23M), Netherlands ($1.53M), China ($937k), and Denmark ($425k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Other Inorganic Acids EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
South Africa$177k (63.7%)
Benin$107k (1.04k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Inorganic Acids BY Nigeria WERE (2021 - 2022):
Ghana-$2.74M (-83.1%)
Mozambique-$249k (-100%)
Germany-$167k (-68.6%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Other Inorganic Acids were:
In 2022, Nigeria's main importing competitors in Other Inorganic Acids were:

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Trade Value of Other Inorganic Acids by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $328k
TOP IMPORT POTENTIALChina+ $1.61M

Other Inorganic Acids’s highest export potential is United States. With an export gap of $328k.   Other Inorganic Acids’s highest import potential is China with an import gap of $1.61M.

See methodology.

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