2022
Exports
$1.8MWorld Rnk 67 / 144
Flag Rnk 143 / 1077
2022
PRODUCT COMPLEXITY IN Silver
-0.98Rnk 832 / 1025
2022
Imports
$137kWorld Rnk 103 / 182
Flag Rnk 1014 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $1.8M in Silver, making it the 67th largest exporter of Silver in the world. At the same year, Silver was the 143rd most exported product in Nigeria. The main destination of Silver exports from Nigeria are: United Arab Emirates ($1.8M), Netherlands ($194), and Ireland ($141).

The fastest growing export markets for Silver of Nigeria between 2021 and 2022 were United Arab Emirates ($962k), Netherlands ($194), and Ireland ($141).

Imports In 2022, Nigeria imported $137k in Silver, becoming the 103rd largest importer of Silver in the world. At the same year, Silver was the 1014th most imported product in Nigeria. Nigeria imports Silver primarily from: Germany ($106k), India ($22.5k), Australia ($5.08k), Greece ($1.45k), and Italy ($1.41k).

The fastest growing import markets in Silver for Nigeria between 2021 and 2022 were Australia ($5.08k), Greece ($1.45k), and Italy ($1.36k).

Latest Trends

Sep 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 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 (2022)$1.8M
IMPORTS (2022)$137k
NET TRADE (2022)$1.66M

In 2022, Nigeria exported $1.8M in Silver. The main destinations of Nigeria exports on Silver were United Arab Emirates ($1.8M), Netherlands ($194), and Ireland ($141).

In 2022, Nigeria imported $137k in Silver, mainly from Germany ($106k), India ($22.5k), Australia ($5.08k), Greece ($1.45k), and Italy ($1.41k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Netherlands$194 (1%)
Ireland$141 (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Silver were:
In 2022, 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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