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2022
Exports $264kWorld Rnk 77 / 110
Flag Rnk 315 / 1077
2022
Destination $171k China
2021 - 2022
FASTEST GROWING MARKET $171kChina
2022
PRODUCT COMPLEXITY IN Copper Ore-1.94Rnk 995 / 1025
2022
Imports $2.57kWorld Rnk 86 / 117
Flag Rnk 1153 / 1182
2022
Origin $2.57k Niger
2021 - 2022
FASTEST GROWING ORIGIN $2.57kNiger
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $264k in Copper Ore, making it the 77th largest exporter of Copper Ore in the world. At the same year, Copper Ore was the 315th most exported product in Nigeria. The main destination of Copper Ore exports from Nigeria are: China ($231k), Hong Kong ($27.7k), Vietnam ($4.82k), and Netherlands ($912).

The fastest growing export markets for Copper Ore of Nigeria between 2021 and 2022 were China ($171k), Hong Kong ($27.7k), and Vietnam ($4.82k).

Imports In 2022, Nigeria imported $2.57k in Copper Ore, becoming the 86th largest importer of Copper Ore in the world. At the same year, Copper Ore was the 1153rd most imported product in Nigeria. Nigeria imports Copper Ore primarily from: Niger ($2.57k).

The fastest growing import markets in Copper Ore for Nigeria between 2021 and 2022 were Niger ($2.57k).

Latest Trends

Aug 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 (2022)$264k
IMPORTS (2022)$2.57k
NET TRADE (2022)$262k

In 2022, Nigeria exported $264k in Copper Ore. The main destinations of Nigeria exports on Copper Ore were China ($231k), Hong Kong ($27.7k), Vietnam ($4.82k), and Netherlands ($912).

In 2022, Nigeria imported $2.57k in Copper Ore, mainly from Niger ($2.57k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper Ore EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
China$171k (286%)
Hong Kong$27.7k (1%)
Vietnam$4.82k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Ore BY Nigeria WERE (2021 - 2022):
South Korea-$1.42M (-100%)
Belgium-$513k (-100%)
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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 Copper Ore were:
Chile $22.8B
Peru $13.5B
Indonesia $8.89B
In 2022, Nigeria's main importing competitors in Copper Ore were:
China $50.5B
Japan $12.4B
South Korea $6.27B

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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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