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2020
Exports $3.18kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Cobalt-1.74Rnk 975 / 1025
2020
Imports $170kWorld Rnk 72 / 159
Flag Rnk 996 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Imports In 2022, Nigeria imported $170k in Cobalt, becoming the 72nd largest importer of Cobalt in the world. At the same year, Cobalt was the 996th most imported product in Nigeria. Nigeria imports Cobalt primarily from: Germany ($106k), India ($32.2k), United Arab Emirates ($16.8k), United States ($4.91k), and United Kingdom ($2.41k).

The fastest growing import markets in Cobalt for Nigeria between 2021 and 2022 were Germany ($47.4k), India ($32.2k), and United Arab Emirates ($12.3k).

Latest Trends

Jul 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 Cobalt. 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 (2020)$3.18k
IMPORTS (2022)$170k
NET TRADE (2022)-$170k

In 2022, Nigeria imported $170k in Cobalt, mainly from Germany ($106k), India ($32.2k), United Arab Emirates ($16.8k), United States ($4.91k), and United Kingdom ($2.41k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
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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 Cobalt were:
Democratic Republic of the Congo $5.99B
Canada $628M
United States $398M
In 2022, Nigeria's main importing competitors in Cobalt were:
China $6.07B
Japan $585M
United States $523M

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Trade Value of Cobalt by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $816
TOP IMPORT POTENTIALGermany+ $41.6k

Cobalt’s highest export potential is China. With an export gap of $816.   Cobalt’s highest import potential is Germany with an import gap of $41.6k.

See methodology.

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