2022
Exports
$204kWorld Rnk 67 / 119
Flag Rnk 341 / 1077
2022
PRODUCT COMPLEXITY IN Tungsten
1.45Rnk 63 / 1025
2022
Imports
$3.37MWorld Rnk 40 / 169
Flag Rnk 652 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $204k in Tungsten, making it the 67th largest exporter of Tungsten in the world. At the same year, Tungsten was the 341st most exported product in Nigeria. The main destination of Tungsten exports from Nigeria are: China ($158k), Malaysia ($45.9k), and Netherlands ($63).

The fastest growing export markets for Tungsten of Nigeria between 2021 and 2022 were China ($158k) and Netherlands ($63).

Imports In 2022, Nigeria imported $3.37M in Tungsten, becoming the 40th largest importer of Tungsten in the world. At the same year, Tungsten was the 652nd most imported product in Nigeria. Nigeria imports Tungsten primarily from: China ($3.35M), South Africa ($4.24k), India ($3.67k), United Arab Emirates ($3.39k), and Germany ($2.06k).

The fastest growing import markets in Tungsten for Nigeria between 2021 and 2022 were China ($1.31M), South Africa ($4.24k), and United Arab Emirates ($2.59k).

Latest Trends

Jul 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 Tungsten. 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)$204k
IMPORTS (2022)$3.37M
NET TRADE (2022)-$3.16M

In 2022, Nigeria exported $204k in Tungsten. The main destinations of Nigeria exports on Tungsten were China ($158k), Malaysia ($45.9k), and Netherlands ($63).

In 2022, Nigeria imported $3.37M in Tungsten, mainly from China ($3.35M), South Africa ($4.24k), India ($3.67k), United Arab Emirates ($3.39k), and Germany ($2.06k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tungsten EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
China$158k (1%)
Netherlands$63 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tungsten BY Nigeria WERE (2021 - 2022):
Malaysia-$66.9k (-59.3%)
Cote d'Ivoire-$147 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Tungsten by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $75.8k
TOP IMPORT POTENTIALChina+ $165k

Tungsten’s highest export potential is China. With an export gap of $75.8k.   Tungsten’s highest import potential is China with an import gap of $165k.

See methodology.

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