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2023
Exports $142kWorld Rnk 80 / 111
Flag Rnk 405 / 1096
falsefalse China
2022 - 2023
FASTEST GROWING MARKETfalseChina
2023
PRODUCT COMPLEXITY IN Copper Ore-1.95Rnk 994 / 1025
2023
Imports $2.57kWorld Rnk 0 / 0
Flag Rnk 0 / 0
2022 - 2023
FASTEST GROWING ORIGINfalsefalse
2023
ECONOMIC COMPLEXITY of Nigeria-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $142k in Copper Ore, making it the 80th largest exporter of Copper Ore in the world. At the same year, Copper Ore was the 405th most exported product in Nigeria. The main destination of Copper Ore exports from Nigeria are: China ($137k), Thailand ($4.8k), and Netherlands ($75).

The fastest growing export markets for Copper Ore of Nigeria between 2022 and 2023 were China ($26.1k) and Thailand ($4.8k).

Imports In 2022, Nigeria imported $2.57k in Copper Ore, becoming the 0th largest importer of Copper Ore in the world. At the same year, Copper Ore was the 0th most imported product in Nigeria. Nigeria imports Copper Ore primarily from: N/A.

Latest Trends

Dec 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 Copper 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 (2023)$142k
IMPORTS (2022)$2.57k
NET TRADE (2023)$142k

In 2023, Nigeria exported $142k in Copper Ore. The main destinations of Nigeria exports on Copper Ore were China ($137k), Thailand ($4.8k), and Netherlands ($75).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Copper Ore EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
China$26.1k (23.6%)
Thailand$4.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Ore BY Nigeria WERE (2022 - 2023):
Hong Kong-$30.6k (-100%)
Vietnam-$4.82k (-100%)
Netherlands-$921 (-92.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Copper Ore were:
Chile $24.2B
Peru $19.9B
Indonesia $8.55B
In 2023, Nigeria's main importing competitors in Copper Ore were:
China $57.3B
Japan $11B
South Korea $4.95B

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Trade Value of Copper Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.73M
TOP IMPORT POTENTIALChile+ $1.27k

Copper Ore’s highest export potential is China. With an export gap of $1.73M.   Copper Ore’s highest import potential is Chile with an import gap of $1.27k.

See methodology.

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