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2022
Exports $116MWorld Rnk 6 / 93
Flag Rnk 17 / 1077
2022
Destination $25.6M China
2021 - 2022
FASTEST GROWING MARKET $25.6MMalaysia
2022
PRODUCT COMPLEXITY IN Niobium, Tantalum, Vanadium and Zirconium Ore-2.46Rnk 1018 / 1025
2022
Imports $185kWorld Rnk 73 / 116
Flag Rnk 992 / 1182
2022
Origin $170k China
2021 - 2022
FASTEST GROWING ORIGIN $170kChina
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $116M in Niobium, Tantalum, Vanadium and Zirconium Ore, making it the 6th largest exporter of Niobium, Tantalum, Vanadium and Zirconium Ore in the world. At the same year, Niobium, Tantalum, Vanadium and Zirconium Ore was the 17th most exported product in Nigeria. The main destination of Niobium, Tantalum, Vanadium and Zirconium Ore exports from Nigeria are: China ($69.5M), Malaysia ($32.9M), Thailand ($8.07M), Hong Kong ($6.06M), and India ($9.16k).

The fastest growing export markets for Niobium, Tantalum, Vanadium and Zirconium Ore of Nigeria between 2021 and 2022 were Malaysia ($25.6M), China ($22M), and Thailand ($6.28M).

Imports In 2022, Nigeria imported $185k in Niobium, Tantalum, Vanadium and Zirconium Ore, becoming the 73rd largest importer of Niobium, Tantalum, Vanadium and Zirconium Ore in the world. At the same year, Niobium, Tantalum, Vanadium and Zirconium Ore was the 992nd most imported product in Nigeria. Nigeria imports Niobium, Tantalum, Vanadium and Zirconium Ore primarily from: China ($185k).

The fastest growing import markets in Niobium, Tantalum, Vanadium and Zirconium Ore for Nigeria between 2021 and 2022 were China ($170k).

Latest Trends

Oct 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 Niobium, Tantalum, Vanadium and Zirconium Ore. 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)$116M
IMPORTS (2022)$185k
NET TRADE (2022)$116M

In 2022, Nigeria exported $116M in Niobium, Tantalum, Vanadium and Zirconium Ore. The main destinations of Nigeria exports on Niobium, Tantalum, Vanadium and Zirconium Ore were China ($69.5M), Malaysia ($32.9M), Thailand ($8.07M), Hong Kong ($6.06M), and India ($9.16k).

In 2022, Nigeria imported $185k in Niobium, Tantalum, Vanadium and Zirconium Ore, mainly from China ($185k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Niobium, Tantalum, Vanadium and Zirconium Ore EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Malaysia$25.6M (354%)
China$22M (46.4%)
Thailand$6.28M (352%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Niobium, Tantalum, Vanadium and Zirconium Ore BY Nigeria WERE (2021 - 2022):South Africa-$132k (-100%)
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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 Niobium, Tantalum, Vanadium and Zirconium Ore were:
South Africa $642M
Australia $259M
Indonesia $214M
In 2022, Nigeria's main importing competitors in Niobium, Tantalum, Vanadium and Zirconium Ore were:
China $873M
Spain $206M
India $171M

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Trade Value of Niobium, Tantalum, Vanadium and Zirconium Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $6.79M
TOP IMPORT POTENTIALSouth Africa+ $1.49k

Niobium, Tantalum, Vanadium and Zirconium Ore’s highest export potential is China. With an export gap of $6.79M.   Niobium, Tantalum, Vanadium and Zirconium Ore’s highest import potential is South Africa with an import gap of $1.49k.

See methodology.

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