Platinum in Nigeria | The Observatory of Economic Complexity

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2021
Exports $679World Rnk 0 / 0
Flag

Rnk 0 / 0

falsefalseN/A

2022
PRODUCT COMPLEXITY IN Platinum0.58Rnk 328 / 1025

2021
Imports $3.09kWorld Rnk 123 / 143
Flag

Rnk 1151 / 1182

2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

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Latest Trends
Historical Data

About

Imports In 2022, Nigeria imported $3.09k in Platinum, becoming the 123rd largest importer of Platinum in the world. At the same year, Platinum was the 1151st most imported product in Nigeria. Nigeria imports Platinum primarily from: Indonesia ($1.9k), Denmark ($730), United States ($455), and India ($7).

The fastest growing import markets in Platinum for Nigeria between 2021 and 2022 were Indonesia ($1.9k), Denmark ($730), and United States ($455).

Latest Trends

Apr 2024

Subnational Monthly Trade

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Exports

Imports

Y-AXIS SCALE

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Value

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 Platinum. 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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2021)$679

IMPORTS (2022)$3.09k

NET TRADE (2022)-$3.09k

In 2022, Nigeria imported $3.09k in Platinum, mainly from Indonesia ($1.9k), Denmark ($730), United States ($455), and India ($7).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow

Exports

Imports

Starting

Ending

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY Nigeria WERE (N/A - 2021):

Vietnam-$545 (-100%)

Netherlands-$134 (-100%)

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Change in Exports by Market (2021 - 2022)

Market Concentration

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Export

Import

Type

Value

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In 2022, Nigeria's main exporting competitors in Platinum were:

South Africa $19.1B

United Kingdom $8.43B

United States $7.9B

In 2022, Nigeria's main importing competitors in Platinum were:

United States $13.2B

Explore Visualizations

Trade Value of Platinum by Exporters

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