2023
Exports
$722kWorld Rnk 77 / 135
Flag Rnk 222 / 1096
2023
PRODUCT COMPLEXITY IN Diamonds
-1.54Rnk 950 / 1025
2023
Imports
$16World Rnk 157 / 158
Flag Rnk 1183 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $722k in Diamonds, making it the 77th largest exporter of Diamonds in the world. At the same year, Diamonds was the 222nd most exported product in Nigeria. The main destination of Diamonds exports from Nigeria are: United States ($697k), Liberia ($24.4k), Germany ($959), and South Africa ($27).

The fastest growing export markets for Diamonds of Nigeria between 2022 and 2023 were United States ($697k), Germany ($959), and South Africa ($27).

Imports In 2023, Nigeria imported $16 in Diamonds, becoming the 157th largest importer of Diamonds in the world. At the same year, Diamonds was the 1183rd most imported product in Nigeria. Nigeria imports Diamonds primarily from: Ireland ($16).

The fastest growing import markets in Diamonds for Nigeria between 2022 and 2023 were Ireland ($16).

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 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 (2023)$722k
IMPORTS (2023)$16
NET TRADE (2023)$722k

In 2023, Nigeria exported $722k in Diamonds. The main destinations of Nigeria exports on Diamonds were United States ($697k), Liberia ($24.4k), Germany ($959), and South Africa ($27).

In 2023, Nigeria imported $16 in Diamonds, mainly from Ireland ($16).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Diamonds EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
United States$697k (1%)
Germany$959 (1%)
South Africa$27 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Diamonds BY Nigeria WERE (2022 - 2023):
Singapore-$69.2k (-100%)
Liberia-$2.02k (-7.66%)
Switzerland-$423 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Diamonds were:
In 2023, 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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