2023
Exports
$86kWorld Rnk 63 / 113
Flag Rnk 466 / 1096
2023
PRODUCT COMPLEXITY IN Soapstone
-0.26Rnk 634 / 1025
2023
Imports
$2.64MWorld Rnk 48 / 191
Flag Rnk 675 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $86k in Soapstone, making it the 63rd largest exporter of Soapstone in the world. At the same year, Soapstone was the 466th most exported product in Nigeria. The main destination of Soapstone exports from Nigeria are: Spain ($86k), South Africa ($41), and Canada ($1).

The fastest growing export markets for Soapstone of Nigeria between 2022 and 2023 were Spain ($86k), South Africa ($41), and Canada ($1).

Imports In 2023, Nigeria imported $2.64M in Soapstone, becoming the 48th largest importer of Soapstone in the world. At the same year, Soapstone was the 675th most imported product in Nigeria. Nigeria imports Soapstone primarily from: China ($1.44M), India ($844k), Indonesia ($216k), France ($48.2k), and United Kingdom ($30.1k).

The fastest growing import markets in Soapstone for Nigeria between 2022 and 2023 were China ($633k), United Kingdom ($30.1k), and France ($25.7k).

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 Soapstone. 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)$86k
IMPORTS (2023)$2.64M
NET TRADE (2023)-$2.55M

In 2023, Nigeria exported $86k in Soapstone. The main destinations of Nigeria exports on Soapstone were Spain ($86k), South Africa ($41), and Canada ($1).

In 2023, Nigeria imported $2.64M in Soapstone, mainly from China ($1.44M), India ($844k), Indonesia ($216k), France ($48.2k), and United Kingdom ($30.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soapstone EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Spain$86k (1%)
South Africa$41 (1%)
Canada$1 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soapstone BY Nigeria WERE (2022 - 2023):
Turkey-$33 (-100%)
China-$19 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Soapstone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $465
TOP IMPORT POTENTIALChina+ $293k

Soapstone’s highest export potential is United States. With an export gap of $465.   Soapstone’s highest import potential is China with an import gap of $293k.

See methodology.

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