2021
Exports
$679World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Platinum
0.58Rnk 328 / 1025
2021
Imports
$3.09kWorld Rnk 123 / 143
Flag Rnk 1151 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

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

Sep 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 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
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
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY Nigeria WERE (N/A - 2021):
Vietnam-$545 (-100%)
Netherlands-$134 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Platinum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $917
TOP IMPORT POTENTIALUnited States+ $3.54k

Platinum’s highest export potential is United States. With an export gap of $917.   Platinum’s highest import potential is United States with an import gap of $3.54k.

See methodology.

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