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Pricing

2020
Exports $1.53kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Pig Iron-1.18Rnk 876 / 1025
2020
Imports $469kWorld Rnk 69 / 141
Flag Rnk 917 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Imports In 2022, Nigeria imported $469k in Pig Iron, becoming the 69th largest importer of Pig Iron in the world. At the same year, Pig Iron was the 917th most imported product in Nigeria. Nigeria imports Pig Iron primarily from: Singapore ($445k), France ($23.1k), United Kingdom ($616), and Belgium ($16).

The fastest growing import markets in Pig Iron for Nigeria between 2021 and 2022 were Singapore ($445k), France ($23.1k), and United Kingdom ($616).

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 Pig Iron. 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 (2020)$1.53k
IMPORTS (2022)$469k
NET TRADE (2022)-$469k

In 2022, Nigeria imported $469k in Pig Iron, mainly from Singapore ($445k), France ($23.1k), United Kingdom ($616), and Belgium ($16).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Pig Iron were:
Brazil $2.3B
Russia $1.78B
Ukraine $668M
In 2022, Nigeria's main importing competitors in Pig Iron were:
United States $2.87B
Italy $705M
Turkey $666M

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Trade Value of Pig Iron by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $792
TOP IMPORT POTENTIALFrance+ $18.7k

Pig Iron’s highest export potential is United States. With an export gap of $792.   Pig Iron’s highest import potential is France with an import gap of $18.7k.

See methodology.

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