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2022
Exports $1.38MWorld Rnk 24 / 65
Flag Rnk 162 / 1077
falsefalse Vietnam
2021 - 2022
FASTEST GROWING MARKETfalseVietnam
2022
Imports $337World Rnk 0 / 0
Flag Rnk 0 / 0
2021 - 2022
FASTEST GROWING ORIGINfalsefalse
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $1.38M in Tungsten Ore, making it the 24th largest exporter of Tungsten Ore in the world. At the same year, Tungsten Ore was the 162nd most exported product in Nigeria. The main destination of Tungsten Ore exports from Nigeria are: Vietnam ($661k), China ($436k), and Malaysia ($283k).

The fastest growing export markets for Tungsten Ore of Nigeria between 2021 and 2022 were Vietnam ($433k) and Malaysia ($283k).

Imports In 2016, Nigeria imported $337 in Tungsten Ore, becoming the 0th largest importer of Tungsten Ore in the world. At the same year, Tungsten Ore was the 0th most imported product in Nigeria. Nigeria imports Tungsten Ore primarily from: N/A.

Latest Trends

Sep 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 Tungsten Ore. 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)$1.38M
IMPORTS (2016)$337
NET TRADE (2022)$1.38M

In 2022, Nigeria exported $1.38M in Tungsten Ore. The main destinations of Nigeria exports on Tungsten Ore were Vietnam ($661k), China ($436k), and Malaysia ($283k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tungsten Ore EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Vietnam$433k (190%)
Malaysia$283k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tungsten Ore BY Nigeria WERE (2021 - 2022):China-$111k (-20.3%)
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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 Tungsten Ore were:
Rwanda $52.7M
Spain $40.7M
North Korea $30.9M
In 2022, Nigeria's main importing competitors in Tungsten Ore were:
China $60.3M
United States $48.2M
Austria $41.4M

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Trade Value of Tungsten Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $284k
TOP IMPORT POTENTIALSpain+ $291

Tungsten Ore’s highest export potential is China. With an export gap of $284k.   Tungsten Ore’s highest import potential is Spain with an import gap of $291.

See methodology.

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