2022
Exports | Imports
$116M | $185kWorld Rnk 6 / 93
Flag Rnk 17 / 1077
World Rnk 73 / 116
Flag Rnk 992 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 119 / 124
2022
PRODUCT COMPLEXITY IN Niobium, Tantalum, Vanadium and Zirconium Ore
-2.52Rnk 1018 / 1025

About

Exports In 2022, Nigeria exported $116M in Niobium, Tantalum, Vanadium and Zirconium Ore, making it the 6th largest exporter of Niobium, Tantalum, Vanadium and Zirconium Ore in the world. At the same year, Niobium, Tantalum, Vanadium and Zirconium Ore was the 17th most exported product in Nigeria. The main destination of Niobium, Tantalum, Vanadium and Zirconium Ore exports from Nigeria are: China ($69.5M), Malaysia ($32.9M), Thailand ($8.07M), Hong Kong ($6.06M), and India ($9.16k).

The fastest growing export markets for Niobium, Tantalum, Vanadium and Zirconium Ore of Nigeria between 2021 and 2022 were Malaysia ($25.6M), China ($22M), and Thailand ($6.28M).

Imports In 2022, Nigeria imported $185k in Niobium, Tantalum, Vanadium and Zirconium Ore, becoming the 73rd largest importer of Niobium, Tantalum, Vanadium and Zirconium Ore in the world. At the same year, Niobium, Tantalum, Vanadium and Zirconium Ore was the 992nd most imported product in Nigeria. Nigeria imports Niobium, Tantalum, Vanadium and Zirconium Ore primarily from: China ($185k).

The fastest growing import markets in Niobium, Tantalum, Vanadium and Zirconium Ore for Nigeria between 2021 and 2022 were China ($170k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Niobium, Tantalum, Vanadium and Zirconium Ore from Nigeria to the United States.

Latest Trends

Feb 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 Niobium, Tantalum, Vanadium and Zirconium Ore. 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)$116M
IMPORTS (2022)$185k
NET TRADE (2022)$116M

In 2022, Nigeria exported $116M in Niobium, Tantalum, Vanadium and Zirconium Ore. The main destinations of Nigeria exports on Niobium, Tantalum, Vanadium and Zirconium Ore were China ($69.5M), Malaysia ($32.9M), Thailand ($8.07M), Hong Kong ($6.06M), and India ($9.16k).

In 2022, Nigeria imported $185k in Niobium, Tantalum, Vanadium and Zirconium Ore, mainly from China ($185k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Niobium, Tantalum, Vanadium and Zirconium Ore EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Malaysia$25.6M (354%)
China$22M (46.4%)
Thailand$6.28M (352%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Niobium, Tantalum, Vanadium and Zirconium Ore BY Nigeria WERE (2021 - 2022):South Africa-$132k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Niobium, Tantalum, Vanadium and Zirconium Ore were:
In 2022, Nigeria's main importing competitors in Niobium, Tantalum, Vanadium and Zirconium Ore were:
China $873M
Spain $206M
India $171M

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Trade Value of Niobium, Tantalum, Vanadium and Zirconium Ore by Exporters

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