2022
Exports
$102kWorld Rnk 65 / 121
Flag Rnk 417 / 1077
2022
PRODUCT COMPLEXITY IN Other Precious Metal Products
-0.036Rnk 559 / 1025
2022
Imports
$141kWorld Rnk 94 / 189
Flag Rnk 1011 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $102k in Other Precious Metal Products, making it the 65th largest exporter of Other Precious Metal Products in the world. At the same year, Other Precious Metal Products was the 417th most exported product in Nigeria. The main destination of Other Precious Metal Products exports from Nigeria are: United States ($101k), Sweden ($494), Angola ($442), Tanzania ($41), and Ireland ($22).

The fastest growing export markets for Other Precious Metal Products of Nigeria between 2021 and 2022 were United States ($97.4k), Sweden ($494), and Angola ($442).

Imports In 2022, Nigeria imported $141k in Other Precious Metal Products, becoming the 94th largest importer of Other Precious Metal Products in the world. At the same year, Other Precious Metal Products was the 1011th most imported product in Nigeria. Nigeria imports Other Precious Metal Products primarily from: China ($85k), United States ($19k), India ($18k), United Kingdom ($7.85k), and Italy ($5.49k).

The fastest growing import markets in Other Precious Metal Products for Nigeria between 2021 and 2022 were China ($48.8k), United States ($19k), and United Kingdom ($5.82k).

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 Other Precious Metal Products. 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)$102k
IMPORTS (2022)$141k
NET TRADE (2022)-$39.1k

In 2022, Nigeria exported $102k in Other Precious Metal Products. The main destinations of Nigeria exports on Other Precious Metal Products were United States ($101k), Sweden ($494), Angola ($442), Tanzania ($41), and Ireland ($22).

In 2022, Nigeria imported $141k in Other Precious Metal Products, mainly from China ($85k), United States ($19k), India ($18k), United Kingdom ($7.85k), and Italy ($5.49k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Precious Metal Products EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
United States$97.4k (2.63k%)
Sweden$494 (1%)
Angola$442 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Precious Metal Products BY Nigeria WERE (2021 - 2022):
Niger-$99 (-100%)
South Africa-$54 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Other Precious Metal Products were:
In 2022, Nigeria's main importing competitors in Other Precious Metal Products were:

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Trade Value of Other Precious Metal Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $214k
TOP IMPORT POTENTIALUnited States+ $48.7k

Other Precious Metal Products’s highest export potential is United States. With an export gap of $214k.   Other Precious Metal Products’s highest import potential is United States with an import gap of $48.7k.

See methodology.

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