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2022
Exports $11World Rnk 104 / 105
Flag Rnk 1062 / 1077
2022
Destination $8 Ireland
2021 - 2022
FASTEST GROWING MARKET $8Ireland
2022
PRODUCT COMPLEXITY IN Iron Powder0.78Rnk 252 / 1025
2022
Imports $534kWorld Rnk 77 / 176
Flag Rnk 903 / 1182
2022
Origin $226k China
2021 - 2022
FASTEST GROWING ORIGIN $226kChina
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $11 in Iron Powder, making it the 104th largest exporter of Iron Powder in the world. At the same year, Iron Powder was the 1062nd most exported product in Nigeria. The main destination of Iron Powder exports from Nigeria are: Ireland ($8) and South Africa ($3).

The fastest growing export markets for Iron Powder of Nigeria between 2021 and 2022 were Ireland ($8).

Imports In 2022, Nigeria imported $534k in Iron Powder, becoming the 77th largest importer of Iron Powder in the world. At the same year, Iron Powder was the 903rd most imported product in Nigeria. Nigeria imports Iron Powder primarily from: China ($289k), Spain ($87.7k), Germany ($74.2k), France ($58.8k), and South Africa ($9.09k).

The fastest growing import markets in Iron Powder for Nigeria between 2021 and 2022 were China ($226k), Spain ($87.7k), and France ($34.6k).

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 Iron Powder. 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)$11
IMPORTS (2022)$534k
NET TRADE (2022)-$534k

In 2022, Nigeria exported $11 in Iron Powder. The main destinations of Nigeria exports on Iron Powder were Ireland ($8) and South Africa ($3).

In 2022, Nigeria imported $534k in Iron Powder, mainly from China ($289k), Spain ($87.7k), Germany ($74.2k), France ($58.8k), and South Africa ($9.09k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Powder EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):Ireland$8 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Powder BY Nigeria WERE (2021 - 2022):
China-$513 (-100%)
South Africa-$6 (-66.7%)
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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 Iron Powder were:
Sweden $492M
Germany $267M
Japan $257M
In 2022, Nigeria's main importing competitors in Iron Powder were:
United States $313M
Germany $312M
China $296M

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Trade Value of Iron Powder by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $520
TOP IMPORT POTENTIALChina+ $141k

Iron Powder’s highest export potential is United States. With an export gap of $520.   Iron Powder’s highest import potential is China with an import gap of $141k.

See methodology.

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