2022
Exports
$5.13kWorld Rnk 116 / 129
Flag Rnk 771 / 1077
2022
PRODUCT COMPLEXITY IN Ferroalloys
-1.24Rnk 892 / 1025
2022
Imports
$35.9MWorld Rnk 57 / 172
Flag Rnk 239 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $5.13k in Ferroalloys, making it the 116th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 771st most exported product in Nigeria. The main destination of Ferroalloys exports from Nigeria are: Niger ($5.04k) and Netherlands ($95).

The fastest growing export markets for Ferroalloys of Nigeria between 2021 and 2022 were Niger ($4.67k) and Netherlands ($11).

Imports In 2022, Nigeria imported $35.9M in Ferroalloys, becoming the 57th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 239th most imported product in Nigeria. Nigeria imports Ferroalloys primarily from: India ($32.8M), China ($1.26M), Zambia ($894k), United Arab Emirates ($531k), and South Africa ($340k).

The fastest growing import markets in Ferroalloys for Nigeria between 2021 and 2022 were India ($846k), Zambia ($634k), and United Arab Emirates ($531k).

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 Ferroalloys. 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)$5.13k
IMPORTS (2022)$35.9M
NET TRADE (2022)-$35.9M

In 2022, Nigeria exported $5.13k in Ferroalloys. The main destinations of Nigeria exports on Ferroalloys were Niger ($5.04k) and Netherlands ($95).

In 2022, Nigeria imported $35.9M in Ferroalloys, mainly from India ($32.8M), China ($1.26M), Zambia ($894k), United Arab Emirates ($531k), and South Africa ($340k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Niger$4.67k (1.28k%)
Netherlands$11 (13.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Nigeria WERE (2021 - 2022):Cameroon-$86.6k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.03k
TOP IMPORT POTENTIALIndia+ $6.3M

Ferroalloys’s highest export potential is China. With an export gap of $2.03k.   Ferroalloys’s highest import potential is India with an import gap of $6.3M.

See methodology.

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