2023
Exports
$134World Rnk 41 / 46
Flag Rnk 1027 / 1096
2023
Imports
$73World Rnk 53 / 62
Flag Rnk 1178 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $134 in Cobalt Ore, making it the 41st largest exporter of Cobalt Ore in the world. At the same year, Cobalt Ore was the 1027th most exported product in Nigeria. The main destination of Cobalt Ore exports from Nigeria are: Poland ($134).

The fastest growing export markets for Cobalt Ore of Nigeria between N/A and 2023 were Poland ($134).

Imports In 2023, Nigeria imported $73 in Cobalt Ore, becoming the 53rd largest importer of Cobalt Ore in the world. At the same year, Cobalt Ore was the 1178th most imported product in Nigeria. Nigeria imports Cobalt Ore primarily from: United States ($73).

The fastest growing import markets in Cobalt Ore for Nigeria between N/A and 2023 were United States ($73).

Historical Data

Trade Balance

Color
EXPORTS (2023)$134
IMPORTS (2023)$73
NET TRADE (2023)$61

In 2023, Nigeria exported $134 in Cobalt Ore. The main destinations of Nigeria exports on Cobalt Ore were Poland ($134).

In 2023, Nigeria imported $73 in Cobalt Ore, mainly from United States ($73).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cobalt Ore EXPORT MARKETS FOR Nigeria WERE (N/A - 2023):Poland$134 (1%)

Change in Exports by Market (2021 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Cobalt Ore were:
In 2023, Nigeria's main importing competitors in Cobalt Ore were:

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Trade Value of Cobalt Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $431
TOP IMPORT POTENTIALDemocratic Republic of the Congo+ $441

Cobalt Ore’s highest export potential is China. With an export gap of $431.   Cobalt Ore’s highest import potential is Democratic Republic of the Congo with an import gap of $441.

See methodology.

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