2023
Exports
$200MWorld Rnk 41 / 147
Flag Rnk 13 / 1096
2023
PRODUCT COMPLEXITY IN Refined Copper
-1.41Rnk 931 / 1025
2023
Imports
$1.08MWorld Rnk 85 / 184
Flag Rnk 798 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $200M in Refined Copper, making it the 41st largest exporter of Refined Copper in the world. At the same year, Refined Copper was the 13th most exported product in Nigeria. The main destination of Refined Copper exports from Nigeria are: China ($86.5M), Japan ($82.1M), South Korea ($21.6M), Thailand ($2.84M), and India ($1.96M).

The fastest growing export markets for Refined Copper of Nigeria between 2022 and 2023 were Japan ($41.3M), China ($25.1M), and Thailand ($2.84M).

Imports In 2023, Nigeria imported $1.08M in Refined Copper, becoming the 85th largest importer of Refined Copper in the world. At the same year, Refined Copper was the 798th most imported product in Nigeria. Nigeria imports Refined Copper primarily from: Italy ($403k), India ($314k), United Kingdom ($250k), France ($102k), and Japan ($4.04k).

The fastest growing import markets in Refined Copper for Nigeria between 2022 and 2023 were United Kingdom ($250k), Italy ($244k), and Japan ($4.04k).

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 Refined Copper. 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)$200M
IMPORTS (2023)$1.08M
NET TRADE (2023)$199M

In 2023, Nigeria exported $200M in Refined Copper. The main destinations of Nigeria exports on Refined Copper were China ($86.5M), Japan ($82.1M), South Korea ($21.6M), Thailand ($2.84M), and India ($1.96M).

In 2023, Nigeria imported $1.08M in Refined Copper, mainly from Italy ($403k), India ($314k), United Kingdom ($250k), France ($102k), and Japan ($4.04k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Copper EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Japan$41.3M (101%)
China$25.1M (40.8%)
Thailand$2.84M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Copper BY Nigeria WERE (2022 - 2023):
South Korea-$17.6M (-44.8%)
Belgium-$829k (-93.8%)
Saudi Arabia-$400k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Refined Copper were:
In 2023, Nigeria's main importing competitors in Refined Copper were:

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Trade Value of Refined Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $67.2M
TOP IMPORT POTENTIALIndia+ $449k

Refined Copper’s highest export potential is China. With an export gap of $67.2M.   Refined Copper’s highest import potential is India with an import gap of $449k.

See methodology.

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