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2022
Exports $34.8MWorld Rnk 23 / 102
Flag Rnk 42 / 1077
falsefalse China
2021 - 2022
FASTEST GROWING MARKETfalsefalse
2022
PRODUCT COMPLEXITY IN Raw Copper-2.2Rnk 1006 / 1025
2022
Imports $236kWorld Rnk 52 / 152
Flag Rnk 976 / 1182
2021 - 2022
FASTEST GROWING ORIGINfalseSingapore
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $34.8M in Raw Copper, making it the 23rd largest exporter of Raw Copper in the world. At the same year, Raw Copper was the 42nd most exported product in Nigeria. The main destination of Raw Copper exports from Nigeria are: China ($34.8M).

Imports In 2022, Nigeria imported $236k in Raw Copper, becoming the 52nd largest importer of Raw Copper in the world. At the same year, Raw Copper was the 976th most imported product in Nigeria. Nigeria imports Raw Copper primarily from: Singapore ($113k), Norway ($78.7k), Netherlands ($23.4k), United Kingdom ($18.2k), and Canada ($1.03k).

The fastest growing import markets in Raw Copper for Nigeria between 2021 and 2022 were Singapore ($111k), Norway ($77.1k), and Canada ($1.03k).

Latest Trends

Oct 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 Raw Copper. 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)$34.8M
IMPORTS (2022)$236k
NET TRADE (2022)$34.6M

In 2022, Nigeria exported $34.8M in Raw Copper. The main destinations of Nigeria exports on Raw Copper were China ($34.8M).

In 2022, Nigeria imported $236k in Raw Copper, mainly from Singapore ($113k), Norway ($78.7k), Netherlands ($23.4k), United Kingdom ($18.2k), and Canada ($1.03k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Copper BY Nigeria WERE (2021 - 2022):
China-$19.3M (-35.7%)
Cote d'Ivoire-$7 (-100%)
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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 Raw Copper were:
Zambia $6.6B
Chile $2.97B
Bulgaria $1.43B
In 2022, Nigeria's main importing competitors in Raw Copper were:
China $6.42B
Switzerland $3.22B
India $2.06B

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Trade Value of Raw Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $16.2M
TOP IMPORT POTENTIALNetherlands+ $9.65k

Raw Copper’s highest export potential is China. With an export gap of $16.2M.   Raw Copper’s highest import potential is Netherlands with an import gap of $9.65k.

See methodology.

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