2022
Exports
$443World Rnk 55 / 61
Flag Rnk 952 / 1077
2022
PRODUCT COMPLEXITY IN Cobalt Oxides and Hydroxides
-1.68Rnk 970 / 1025
2022
Imports
$1.53MWorld Rnk 34 / 119
Flag Rnk 762 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $443 in Cobalt Oxides and Hydroxides, making it the 55th largest exporter of Cobalt Oxides and Hydroxides in the world. At the same year, Cobalt Oxides and Hydroxides was the 952nd most exported product in Nigeria. The main destination of Cobalt Oxides and Hydroxides exports from Nigeria are: South Korea ($443).

The fastest growing export markets for Cobalt Oxides and Hydroxides of Nigeria between N/A and 2022 were South Korea ($443).

Imports In 2022, Nigeria imported $1.53M in Cobalt Oxides and Hydroxides, becoming the 34th largest importer of Cobalt Oxides and Hydroxides in the world. At the same year, Cobalt Oxides and Hydroxides was the 762nd most imported product in Nigeria. Nigeria imports Cobalt Oxides and Hydroxides primarily from: China ($1.04M), Belgium ($482k), and India ($12.8k).

The fastest growing import markets in Cobalt Oxides and Hydroxides for Nigeria between 2021 and 2022 were China ($313k) and Belgium ($224k).

Latest Trends

Oct 2024

Subnational Monthly Trade

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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 Cobalt Oxides and Hydroxides. 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)$443
IMPORTS (2022)$1.53M
NET TRADE (2022)-$1.53M

In 2022, Nigeria exported $443 in Cobalt Oxides and Hydroxides. The main destinations of Nigeria exports on Cobalt Oxides and Hydroxides were South Korea ($443).

In 2022, Nigeria imported $1.53M in Cobalt Oxides and Hydroxides, mainly from China ($1.04M), Belgium ($482k), and India ($12.8k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Cobalt Oxides and Hydroxides EXPORT MARKETS FOR Nigeria WERE (N/A - 2022):South Korea$443 (1%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Type
In 2022, Nigeria's main exporting competitors in Cobalt Oxides and Hydroxides were:
In 2022, Nigeria's main importing competitors in Cobalt Oxides and Hydroxides were:

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Trade Value of Cobalt Oxides and Hydroxides by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALSouth Korea+ $1.02k
TOP IMPORT POTENTIALChina+ $192k

Cobalt Oxides and Hydroxides’s highest export potential is South Korea. With an export gap of $1.02k.   Cobalt Oxides and Hydroxides’s highest import potential is China with an import gap of $192k.

See methodology.

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