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2023
Exports $3.93MWorld Rnk 53 / 108
Flag Rnk 108 / 1096
2023
Destination $3.06M China
2022 - 2023
FASTEST GROWING MARKET $3.06MChina
2023
PRODUCT COMPLEXITY IN Precious Metal Ore-1.75Rnk 979 / 1025
2023
Imports $14.1kWorld Rnk 69 / 107
Flag Rnk 1117 / 1184
2023
Origin $14.1k Spain
2022 - 2023
FASTEST GROWING ORIGIN $14.1kSpain
2023
ECONOMIC COMPLEXITY of Nigeria-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $3.93M in Precious Metal Ore, making it the 53rd largest exporter of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 108th most exported product in Nigeria. The main destination of Precious Metal Ore exports from Nigeria are: China ($3.75M), United Arab Emirates ($182k), Spain ($198), and Netherlands ($77).

The fastest growing export markets for Precious Metal Ore of Nigeria between 2022 and 2023 were China ($3.06M), United Arab Emirates ($27.3k), and Spain ($198).

Imports In 2023, Nigeria imported $14.1k in Precious Metal Ore, becoming the 69th largest importer of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 1117th most imported product in Nigeria. Nigeria imports Precious Metal Ore primarily from: Spain ($14.1k).

The fastest growing import markets in Precious Metal Ore for Nigeria between 2022 and 2023 were Spain ($14.1k).

Latest Trends

Jan 2025

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 Ore. 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)$3.93M
IMPORTS (2023)$14.1k
NET TRADE (2023)$3.92M

In 2023, Nigeria exported $3.93M in Precious Metal Ore. The main destinations of Nigeria exports on Precious Metal Ore were China ($3.75M), United Arab Emirates ($182k), Spain ($198), and Netherlands ($77).

In 2023, Nigeria imported $14.1k in Precious Metal Ore, mainly from Spain ($14.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Ore EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
China$3.06M (441%)
United Arab Emirates$27.3k (17.6%)
Spain$198 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Ore BY Nigeria WERE (2022 - 2023):
South Korea-$49 (-100%)
South Africa-$5 (-100%)
Canada-$5 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Precious Metal Ore were:
Mexico $1.89B
South Africa $1.7B
Russia $1.48B
In 2023, Nigeria's main importing competitors in Precious Metal Ore were:
China $8.08B
Germany $2.77B
United Kingdom $848M

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Trade Value of Precious Metal Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.03M
TOP IMPORT POTENTIALNetherlands+ $4.18k

Precious Metal Ore’s highest export potential is China. With an export gap of $1.03M.   Precious Metal Ore’s highest import potential is Netherlands with an import gap of $4.18k.

See methodology.

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