2023
Exports
$107kWorld Rnk 62 / 101
Flag Rnk 437 / 1096
2023
PRODUCT COMPLEXITY IN Phosphoric Acid
-0.67Rnk 754 / 1025
2023
Imports
$1.18MWorld Rnk 85 / 190
Flag Rnk 786 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $107k in Phosphoric Acid, making it the 62nd largest exporter of Phosphoric Acid in the world. At the same year, Phosphoric Acid was the 437th most exported product in Nigeria. The main destination of Phosphoric Acid exports from Nigeria are: Ghana ($107k).

The fastest growing export markets for Phosphoric Acid of Nigeria between N/A and 2023 were Ghana ($107k).

Imports In 2023, Nigeria imported $1.18M in Phosphoric Acid, becoming the 85th largest importer of Phosphoric Acid in the world. At the same year, Phosphoric Acid was the 786th most imported product in Nigeria. Nigeria imports Phosphoric Acid primarily from: China ($433k), Spain ($234k), Norway ($184k), United Arab Emirates ($160k), and India ($73.3k).

The fastest growing import markets in Phosphoric Acid for Nigeria between 2022 and 2023 were Norway ($184k), Spain ($177k), and United Arab Emirates ($87.3k).

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 Phosphoric Acid. 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)$107k
IMPORTS (2023)$1.18M
NET TRADE (2023)-$1.08M

In 2023, Nigeria exported $107k in Phosphoric Acid. The main destinations of Nigeria exports on Phosphoric Acid were Ghana ($107k).

In 2023, Nigeria imported $1.18M in Phosphoric Acid, mainly from China ($433k), Spain ($234k), Norway ($184k), United Arab Emirates ($160k), and India ($73.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Phosphoric Acid EXPORT MARKETS FOR Nigeria WERE (N/A - 2023):Ghana$107k (1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Phosphoric Acid were:
Morocco $1.41B
China $708M
In 2023, Nigeria's main importing competitors in Phosphoric Acid were:

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Trade Value of Phosphoric Acid by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $705
TOP IMPORT POTENTIALBelgium+ $388k

Phosphoric Acid’s highest export potential is India. With an export gap of $705.   Phosphoric Acid’s highest import potential is Belgium with an import gap of $388k.

See methodology.

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