2022
Exports
$69.7kWorld Rnk 110 / 136
Flag Rnk 465 / 1077
2022
PRODUCT COMPLEXITY IN Diamonds
-1.32Rnk 916 / 1025
2022
Imports
$6.33kWorld Rnk 151 / 159
Flag Rnk 1139 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $69.7k in Diamonds, making it the 110th largest exporter of Diamonds in the world. At the same year, Diamonds was the 465th most exported product in Nigeria. The main destination of Diamonds exports from Nigeria are: Singapore ($69.2k) and Switzerland ($423).

The fastest growing export markets for Diamonds of Nigeria between N/A and 2022 were Singapore ($69.2k) and Switzerland ($423).

Imports In 2022, Nigeria imported $6.33k in Diamonds, becoming the 151st largest importer of Diamonds in the world. At the same year, Diamonds was the 1139th most imported product in Nigeria. Nigeria imports Diamonds primarily from: United States ($6.25k) and Sweden ($78).

The fastest growing import markets in Diamonds for Nigeria between 2021 and 2022 were United States ($848) and Sweden ($78).

Latest Trends

Sep 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 Diamonds. 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)$69.7k
IMPORTS (2022)$6.33k
NET TRADE (2022)$63.3k

In 2022, Nigeria exported $69.7k in Diamonds. The main destinations of Nigeria exports on Diamonds were Singapore ($69.2k) and Switzerland ($423).

In 2022, Nigeria imported $6.33k in Diamonds, mainly from United States ($6.25k) and Sweden ($78).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Diamonds EXPORT MARKETS FOR Nigeria WERE (N/A - 2022):
Singapore$69.2k (1%)
Switzerland$423 (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Diamonds were:
In 2022, Nigeria's main importing competitors in Diamonds were:

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Trade Value of Diamonds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $67.5k
TOP IMPORT POTENTIALUnited States+ $20.7k

Diamonds’s highest export potential is Singapore. With an export gap of $67.5k.   Diamonds’s highest import potential is United States with an import gap of $20.7k.

See methodology.

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