2023
Exports
$878kWorld Rnk 88 / 162
Flag Rnk 212 / 1096
2023
PRODUCT COMPLEXITY IN Other Inorganic Acids
0.46Rnk 375 / 1025
2023
Imports
$23.5MWorld Rnk 45 / 213
Flag Rnk 293 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $878k in Other Inorganic Acids, making it the 88th largest exporter of Other Inorganic Acids in the world. At the same year, Other Inorganic Acids was the 212th most exported product in Nigeria. The main destination of Other Inorganic Acids exports from Nigeria are: Cameroon ($268k), Niger ($132k), Ghana ($116k), Benin ($112k), and Burkina Faso ($111k).

The fastest growing export markets for Other Inorganic Acids of Nigeria between 2022 and 2023 were Cameroon ($197k), Burkina Faso ($111k), and Sierra Leone ($46.8k).

Imports In 2023, Nigeria imported $23.5M in Other Inorganic Acids, becoming the 45th largest importer of Other Inorganic Acids in the world. At the same year, Other Inorganic Acids was the 293rd most imported product in Nigeria. Nigeria imports Other Inorganic Acids primarily from: China ($13.8M), India ($6.07M), Netherlands ($880k), Poland ($600k), and Finland ($418k).

The fastest growing import markets in Other Inorganic Acids for Nigeria between 2022 and 2023 were China ($12.5M), India ($3.69M), and Poland ($512k).

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 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 (2023)$878k
IMPORTS (2023)$23.5M
NET TRADE (2023)-$22.7M

In 2023, Nigeria exported $878k in Other Inorganic Acids. The main destinations of Nigeria exports on Other Inorganic Acids were Cameroon ($268k), Niger ($132k), Ghana ($116k), Benin ($112k), and Burkina Faso ($111k).

In 2023, Nigeria imported $23.5M in Other Inorganic Acids, mainly from China ($13.8M), India ($6.07M), Netherlands ($880k), Poland ($600k), and Finland ($418k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Inorganic Acids EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Cameroon$197k (274%)
Burkina Faso$111k (1%)
Sierra Leone$46.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Inorganic Acids BY Nigeria WERE (2022 - 2023):
South Africa-$456k (-100%)
Ghana-$424k (-78.6%)
United Arab Emirates-$213k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Other Inorganic Acids were:
China $1.62B
Japan $434M
In 2023, 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
View
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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