2023
Exports
$2.01MWorld Rnk 64 / 128
Flag Rnk 146 / 1096
2023
PRODUCT COMPLEXITY IN Potassic Fertilizers
-1.12Rnk 857 / 1025
2023
Imports
$52.4MWorld Rnk 48 / 191
Flag Rnk 170 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $2.01M in Potassic Fertilizers, making it the 64th largest exporter of Potassic Fertilizers in the world. At the same year, Potassic Fertilizers was the 146th most exported product in Nigeria. The main destination of Potassic Fertilizers exports from Nigeria are: South Africa ($1.75M), Mali ($210k), Burkina Faso ($42.9k), Republic of the Congo ($9.85k), and Ireland ($72).

The fastest growing export markets for Potassic Fertilizers of Nigeria between 2022 and 2023 were South Africa ($1.75M), Mali ($210k), and Burkina Faso ($24k).

Imports In 2023, Nigeria imported $52.4M in Potassic Fertilizers, becoming the 48th largest importer of Potassic Fertilizers in the world. At the same year, Potassic Fertilizers was the 170th most imported product in Nigeria. Nigeria imports Potassic Fertilizers primarily from: Canada ($47.8M), Germany ($923k), Chile ($894k), China ($854k), and Israel ($446k).

The fastest growing import markets in Potassic Fertilizers for Nigeria between 2022 and 2023 were Chile ($894k), China ($837k), and Germany ($780k).

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 Potassic Fertilizers. 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)$2.01M
IMPORTS (2023)$52.4M
NET TRADE (2023)-$50.4M

In 2023, Nigeria exported $2.01M in Potassic Fertilizers. The main destinations of Nigeria exports on Potassic Fertilizers were South Africa ($1.75M), Mali ($210k), Burkina Faso ($42.9k), Republic of the Congo ($9.85k), and Ireland ($72).

In 2023, Nigeria imported $52.4M in Potassic Fertilizers, mainly from Canada ($47.8M), Germany ($923k), Chile ($894k), China ($854k), and Israel ($446k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Potassic Fertilizers EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
South Africa$1.75M (1%)
Mali$210k (1%)
Burkina Faso$24k (127%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Potassic Fertilizers BY Nigeria WERE (2022 - 2023):
Chad-$2.68M (-100%)
Niger-$1.09M (-100%)
Cameroon-$62k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Potassic Fertilizers were:
Canada $9.44B
Belarus $2.01B
In 2023, Nigeria's main importing competitors in Potassic Fertilizers were:

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Trade Value of Potassic Fertilizers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCameroon+ $76.5k
TOP IMPORT POTENTIALRussia+ $9.54M

Potassic Fertilizers’s highest export potential is Cameroon. With an export gap of $76.5k.   Potassic Fertilizers’s highest import potential is Russia with an import gap of $9.54M.

See methodology.

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