2021
Exports
$770World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Precious Metal Compounds
1.09Rnk 139 / 1025
2021
Imports
$82.3kWorld Rnk 100 / 184
Flag Rnk 1039 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Imports In 2022, Nigeria imported $82.3k in Precious Metal Compounds, becoming the 100th largest importer of Precious Metal Compounds in the world. At the same year, Precious Metal Compounds was the 1039th most imported product in Nigeria. Nigeria imports Precious Metal Compounds primarily from: China ($71.2k), Germany ($7.49k), Spain ($1.77k), India ($1.07k), and France ($688).

The fastest growing import markets in Precious Metal Compounds for Nigeria between 2021 and 2022 were China ($5.86k), France ($688), and India ($443).

Latest Trends

Aug 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 Precious Metal Compounds. 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)$770
IMPORTS (2022)$82.3k
NET TRADE (2022)-$82.3k

In 2022, Nigeria imported $82.3k in Precious Metal Compounds, mainly from China ($71.2k), Germany ($7.49k), Spain ($1.77k), India ($1.07k), and France ($688).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Compounds BY Nigeria WERE (N/A - 2021):Cote d'Ivoire-$770 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Precious Metal Compounds were:
In 2022, Nigeria's main importing competitors in Precious Metal Compounds were:
India $1.47B
Czechia $1.07B

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Trade Value of Precious Metal Compounds by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $634
TOP IMPORT POTENTIALGermany+ $34.7k

Precious Metal Compounds’s highest export potential is India. With an export gap of $634.   Precious Metal Compounds’s highest import potential is Germany with an import gap of $34.7k.

See methodology.

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