2018
Exports
$216kWorld Rnk 92 / 136
Flag Rnk 352 / 1096
2023
PRODUCT COMPLEXITY IN Silver
-0.85Rnk 794 / 1025
2018
Imports
$70.2kWorld Rnk 110 / 179
Flag Rnk 1057 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2018, Nigeria exported $216k in Silver, making it the 92nd largest exporter of Silver in the world. At the same year, Silver was the 352nd most exported product in Nigeria. The main destination of Silver exports from Nigeria are: United Arab Emirates ($216k) and Ghana ($317).

The fastest growing export markets for Silver of Nigeria between 2022 and 2023 were Ghana ($317).

Imports In 2023, Nigeria imported $70.2k in Silver, becoming the 110th largest importer of Silver in the world. At the same year, Silver was the 1057th most imported product in Nigeria. Nigeria imports Silver primarily from: Germany ($54.5k), India ($11.6k), United Arab Emirates ($2.94k), Bulgaria ($890), and United Kingdom ($170).

The fastest growing import markets in Silver for Nigeria between 2022 and 2023 were United Arab Emirates ($2.94k), Bulgaria ($890), and United Kingdom ($170).

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 Silver. 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)$216k
IMPORTS (2023)$70.2k
NET TRADE (2023)$146k

In 2023, Nigeria exported $216k in Silver. The main destinations of Nigeria exports on Silver were United Arab Emirates ($216k) and Ghana ($317).

In 2023, Nigeria imported $70.2k in Silver, mainly from Germany ($54.5k), India ($11.6k), United Arab Emirates ($2.94k), Bulgaria ($890), and United Kingdom ($170).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):Ghana$317 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Nigeria WERE (2022 - 2023):
United Arab Emirates-$1.58M (-88%)
Netherlands-$194 (-100%)
Ireland-$141 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $14.2k
TOP IMPORT POTENTIALGermany+ $101k

Silver’s highest export potential is United Arab Emirates. With an export gap of $14.2k.   Silver’s highest import potential is Germany with an import gap of $101k.

See methodology.

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