Gold in Nigeria | The Observatory of Economic Complexity

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Exports In 2022, Nigeria exported $806M in Gold, making it the 63rd largest exporter of Gold in the world. At the same year, Gold was the 5th most exported product in Nigeria. The main destination of Gold exports from Nigeria are: United Arab Emirates ($489M), Switzerland ($317M), France ($175k), South Korea ($48.7k), and Indonesia ($113).

The fastest growing export markets for Gold of Nigeria between 2021 and 2022 were United Arab Emirates ($345M), Switzerland ($304M), and France ($175k).

Imports In 2022, Nigeria imported $1.32M in Gold, becoming the 118th largest importer of Gold in the world. At the same year, Gold was the 784th most imported product in Nigeria. Nigeria imports Gold primarily from: United Arab Emirates ($1.16M), Germany ($86.2k), Kenya ($55.2k), South Korea ($13.2k), and China ($2.12k).

The fastest growing import markets in Gold for Nigeria between 2021 and 2022 were United Arab Emirates ($723k), Germany ($86.2k), and Kenya ($55.2k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Gold from Nigeria to the United States.

Feb 2024

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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 Gold. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Year

EXPORTS (2022)$806M

IMPORTS (2022)$1.32M

NET TRADE (2022)$805M

In 2022, Nigeria exported $806M in Gold. The main destinations of Nigeria exports on Gold were United Arab Emirates ($489M), Switzerland ($317M), France ($175k), South Korea ($48.7k), and Indonesia ($113).

In 2022, Nigeria imported $1.32M in Gold, mainly from United Arab Emirates ($1.16M), Germany ($86.2k), Kenya ($55.2k), South Korea ($13.2k), and China ($2.12k).