Nigeria | Imports and Exports | World | Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 71 "Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin" from Nigeria totalled $ 141 million in 2023. Sales of commodity group 71 from Nigeria decreased by 6.55% in value terms compared to 2022. exports of commodity group 71 "Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin" decreased by $ 9.9 million (cumulative exports of commodity group 71 from Nigeria amounted $150 million in 2022)
Exports of commodity group 71 "Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin" amounted to 0.216% of total exports from Nigeria (cumulative merchandise exports from Nigeria totalled $ 65 billion in 2023). The share of commodity group 71 in total exports from Nigeria decreased by 0.021 p.p. compared to 2022 (it was 0.238% in 2022 and cumulative exports from Nigeria were equal to $ 63 billion).
Where does Nigeria export Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin?
Top export destinations of "Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin" from Nigeria in 2023:
- Switzerland with a share of 100% (141 million US$)
Exports structure of 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin - from Nigeria in 2023 represented by the following main commodity groups:
- 100% (141 million US$): 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
The value of imports of commodity group 71 "Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin" to Nigeria totalled $ 7.58 million in 2023. Sales of commodity group 71 to Nigeria went up by 150% compared to 2022: imports of commodity group 71 "Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin" went up by $ 4.56 million (the value of imports of commodity group 71 to Nigeria was equal to $3.02 million in 2022)
Imports of commodity group 71 "Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin" accounted for 0.011% of total import flow to Nigeria (in 2023, total imports to Nigeria amounted to $ 65 billion). The share of commodity group 71 in total imports to Nigeria increased by 0.006 p.p. compared to 2022 (it was 0.004% in 2022 and cumulative imports to Nigeria were equal to $ 60 billion).
Imports of commodity group 71 reached 99% of total imports of group 71 "Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin" to Nigeria in 2023 (imports of commodity group 71 to Nigeria totalled $7.58 million in 2023). The share of purchases of commodity group 71 in imports of commodity group 71 to Nigeria went down by 0 p.p. compared to 2022 (it was 100% in 2022, and imports of commodity group 71 to Nigeria accounted for $3.02 million).
Where does Nigeria import Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin from?
Top trading partners (import of "Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin") of Nigeria in 2023:
- China with a share of 82% (6.25 million US$)
- United Kingdom with a share of 4.13% (313 thousand US$)
- USA with a share of 3.56% (270 thousand US$)
- Thailand with a share of 2.11% (160 thousand US$)
- South Africa with a share of 1.99% (150 thousand US$)
- Ethiopia - 64 thousand US$
- Italy - 62 thousand US$
- Hong Kong - 61 thousand US$
- United Arab Emirates - 42 thousand US$
- India - 30 thousand US$
Imports structure of 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin - to Nigeria in 2023 represented by the following main commodity groups:
- 81% (6.18 million US$): 7117 - Imitation jewellery
- 12.4% (943 thousand US$): 7113 - Articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal
- 2.83% (215 thousand US$): 7115 - Other articles of precious metal or of metal clad with precious metal
- 2.57% (195 thousand US$): 7116 - Articles of natural or cultured pearls, precious or semi-precious stones (natural, synthetic or reconstructed)
- 0.168% (12.8 thousand US$): 7103 - Precious stones (other than diamonds) and semi-precious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport
- 0.119% (9.04 thousand US$): 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
- 0.088% (6.72 thousand US$): 7101 - Pearls, natural or cultured, whether or not worked or graded but not strung, mounted or set; pearls, natural or cultured, temporarily strung for convenience of transport.
- 0.06% (4.6 thousand US$): 7112 - Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal or precious metal compounds, of a kind used principally for the recovery of precious metal
- 0.054% (4.13 thousand US$): 7114 - Articles of goldsmiths' or silversmiths' wares and parts thereof, of precious metal or of metal clad with precious metal
- 0.054% (4.13 thousand US$): 7109 - Base metals or silver, clad with gold, not further worked than semi-manufactured
