2022
Exports
$170MWorld Rnk 37 / 196
Flag Rnk 12 / 1077
2022
PRODUCT COMPLEXITY IN Scrap Copper
-0.9Rnk 809 / 1025
2022
Imports
$1.65MWorld Rnk 65 / 147
Flag Rnk 754 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $170M in Scrap Copper, making it the 37th largest exporter of Scrap Copper in the world. At the same year, Scrap Copper was the 12th most exported product in Nigeria. The main destination of Scrap Copper exports from Nigeria are: South Korea ($82.7M), Japan ($45.8M), China ($17M), Germany ($13.9M), and Belgium ($5.14M).

The fastest growing export markets for Scrap Copper of Nigeria between 2021 and 2022 were South Korea ($43.9M), Japan ($29.2M), and China ($11.6M).

Imports In 2022, Nigeria imported $1.65M in Scrap Copper, becoming the 65th largest importer of Scrap Copper in the world. At the same year, Scrap Copper was the 754th most imported product in Nigeria. Nigeria imports Scrap Copper primarily from: United Arab Emirates ($851k), China ($633k), Hong Kong ($87.5k), Saint Helena ($58.2k), and India ($14.4k).

The fastest growing import markets in Scrap Copper for Nigeria between 2021 and 2022 were United Arab Emirates ($703k), China ($459k), and Saint Helena ($58.2k).

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 Scrap 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)$170M
IMPORTS (2022)$1.65M
NET TRADE (2022)$169M

In 2022, Nigeria exported $170M in Scrap Copper. The main destinations of Nigeria exports on Scrap Copper were South Korea ($82.7M), Japan ($45.8M), China ($17M), Germany ($13.9M), and Belgium ($5.14M).

In 2022, Nigeria imported $1.65M in Scrap Copper, mainly from United Arab Emirates ($851k), China ($633k), Hong Kong ($87.5k), Saint Helena ($58.2k), and India ($14.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Copper EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
South Korea$43.9M (113%)
Japan$29.2M (176%)
China$11.6M (213%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Copper BY Nigeria WERE (2021 - 2022):
Belgium-$4.38M (-46%)
United Arab Emirates-$1.73M (-100%)
Italy-$793k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Scrap Copper were:
In 2022, Nigeria's main importing competitors in Scrap Copper were:

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Trade Value of Scrap Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $31.2M
TOP IMPORT POTENTIALChina+ $252k

Scrap Copper’s highest export potential is China. With an export gap of $31.2M.   Scrap Copper’s highest import potential is China with an import gap of $252k.

See methodology.

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