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2023
Exports $136MWorld Rnk 5 / 100
Flag Rnk 15 / 1096
2023
Destination $24.8M China
2022 - 2023
FASTEST GROWING MARKET $24.8MChina
2023
PRODUCT COMPLEXITY IN Niobium, Tantalum, Vanadium and Zirconium Ore-2.53Rnk 1020 / 1025
2023
Imports $6.06kWorld Rnk 93 / 111
Flag Rnk 1146 / 1184
2023
Origin $92N/A
2022 - 2023
FASTEST GROWING ORIGIN $92Italy
2023
ECONOMIC COMPLEXITY of Nigeria-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $136M in Niobium, Tantalum, Vanadium and Zirconium Ore, making it the 5th largest exporter of Niobium, Tantalum, Vanadium and Zirconium Ore in the world. At the same year, Niobium, Tantalum, Vanadium and Zirconium Ore was the 15th most exported product in Nigeria. The main destination of Niobium, Tantalum, Vanadium and Zirconium Ore exports from Nigeria are: China ($113M), Malaysia ($12.1M), Hong Kong ($9.12M), Thailand ($2.52M), and India ($11.1k).

The fastest growing export markets for Niobium, Tantalum, Vanadium and Zirconium Ore of Nigeria between 2022 and 2023 were China ($24.8M), Hong Kong ($2.64M), and India ($1.97k).

Imports In 2023, Nigeria imported $6.06k in Niobium, Tantalum, Vanadium and Zirconium Ore, becoming the 93rd largest importer of Niobium, Tantalum, Vanadium and Zirconium Ore in the world. At the same year, Niobium, Tantalum, Vanadium and Zirconium Ore was the 1146th most imported product in Nigeria. Nigeria imports Niobium, Tantalum, Vanadium and Zirconium Ore primarily from: N/A.

The fastest growing import markets in Niobium, Tantalum, Vanadium and Zirconium Ore for Nigeria between 2022 and 2023 were Italy ($92).

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 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 (2023)$136M
IMPORTS (2023)$6.06k
NET TRADE (2023)$136M

In 2023, Nigeria exported $136M in Niobium, Tantalum, Vanadium and Zirconium Ore. The main destinations of Nigeria exports on Niobium, Tantalum, Vanadium and Zirconium Ore were China ($113M), Malaysia ($12.1M), Hong Kong ($9.12M), Thailand ($2.52M), and India ($11.1k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Niobium, Tantalum, Vanadium and Zirconium Ore EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
China$24.8M (28.3%)
Hong Kong$2.64M (40.6%)
India$1.97k (21.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Niobium, Tantalum, Vanadium and Zirconium Ore BY Nigeria WERE (2022 - 2023):
Malaysia-$23.8M (-66.3%)
Thailand-$5.74M (-69.5%)
Netherlands-$286 (-19.6%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Niobium, Tantalum, Vanadium and Zirconium Ore were:
South Africa $579M
Australia $311M
Mozambique $200M
In 2023, Nigeria's main importing competitors in Niobium, Tantalum, Vanadium and Zirconium Ore were:
China $1.1B
Spain $184M
India $164M

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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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