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2023
Exports $38World Rnk 76 / 78
Flag Rnk 1062 / 1096
2023
Destination $38 France
2023
Imports $174kWorld Rnk 71 / 142
Flag Rnk 999 / 1184
2023
Origin $87.1k India
2023
ECONOMIC COMPLEXITY of Nigeria-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $38 in Magnesium Hydroxide and Peroxide, making it the 76th largest exporter of Magnesium Hydroxide and Peroxide in the world. At the same year, Magnesium Hydroxide and Peroxide was the 1062nd most exported product in Nigeria. The main destination of Magnesium Hydroxide and Peroxide exports from Nigeria are: France ($38).

The fastest growing export markets for Magnesium Hydroxide and Peroxide of Nigeria between N/A and 2023 were France ($38).

Imports In 2023, Nigeria imported $174k in Magnesium Hydroxide and Peroxide, becoming the 71st largest importer of Magnesium Hydroxide and Peroxide in the world. At the same year, Magnesium Hydroxide and Peroxide was the 999th most imported product in Nigeria. Nigeria imports Magnesium Hydroxide and Peroxide primarily from: India ($155k), China ($17.4k), and Belgium ($1.64k).

The fastest growing import markets in Magnesium Hydroxide and Peroxide for Nigeria between 2022 and 2023 were India ($87.1k).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Y-AXIS SCALE

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The following visualization shows the latest trends on Magnesium Hydroxide and Peroxide. 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)$38
IMPORTS (2023)$174k
NET TRADE (2023)-$174k

In 2023, Nigeria exported $38 in Magnesium Hydroxide and Peroxide. The main destinations of Nigeria exports on Magnesium Hydroxide and Peroxide were France ($38).

In 2023, Nigeria imported $174k in Magnesium Hydroxide and Peroxide, mainly from India ($155k), China ($17.4k), and Belgium ($1.64k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Magnesium Hydroxide and Peroxide EXPORT MARKETS FOR Nigeria WERE (N/A - 2023):France$38 (1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Magnesium Hydroxide and Peroxide were:
China $52.8M
Russia $41.6M
Netherlands $37.6M
In 2023, Nigeria's main importing competitors in Magnesium Hydroxide and Peroxide were:
China $30.7M
Italy $27.3M
South Korea $26.1M

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Trade Value of Magnesium Hydroxide and Peroxide by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $378
TOP IMPORT POTENTIALChina+ $36.1k

Magnesium Hydroxide and Peroxide’s highest export potential is United States. With an export gap of $378.   Magnesium Hydroxide and Peroxide’s highest import potential is China with an import gap of $36.1k.

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