Nigeria | Imports and Exports | World | Raw aluminium | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 7601 "Unwrought aluminium" from Nigeria totalled $ 272 million in 2023. Sales of commodity group 7601 from Nigeria went up by 6.4% compared to 2022: exports of commodity group 7601 "Unwrought aluminium" went up by $ 16.3 million (cumulative exports of commodity group 7601 from Nigeria amounted $256 million in 2022)
Exports of commodity group 7601 "Unwrought aluminium" amounted to 0.418% of total exports from Nigeria (cumulative merchandise exports from Nigeria totalled $ 65 billion in 2023). The share of commodity group 7601 in total exports from Nigeria increased by 0.014 p.p. compared to 2022 (it was 0.403% in 2022 and cumulative exports from Nigeria were equal to $ 63 billion).
Exports of commodity group 7601 amounted to 90% of total sales of group "" from Nigeria in 2023 (the value of exports of commodity group from Nigeria amounted to $301 million in 2023). The share of exports of commodity group 7601 in sales of commodity group from Nigeria lowered by 0.354 p.p. compared to 2022 (it was 90% in 2022, and exports of commodity group from Nigeria were $281 million).
Where does Nigeria export Unwrought aluminium?
Top export destinations of "Unwrought aluminium" from Nigeria in 2023:
- Japan with a share of 64% (176 million US$)
- India with a share of 9.11% (24 million US$)
- China with a share of 6.2% (16.8 million US$)
- Korea with a share of 5.46% (14.9 million US$)
- United Kingdom with a share of 4.94% (13.4 million US$)
- Indonesia with a share of 3.07% (8.37 million US$)
- Malaysia with a share of 1.58% (4.32 million US$)
- Saudi Arabia with a share of 1.31% (3.58 million US$)
- Thailand - 2.39 million US$
- Greece - 2.33 million US$
Exports structure of 7601 - Unwrought aluminium - from Nigeria in 2023 represented by the following main commodity groups:
- 98% (268 million US$): 760120 - Aluminium alloys, unwrought
- 1.29% (3.52 million US$): 760110 - Aluminium, not alloyed, unwrought
The value of imports of commodity group 7601 "Unwrought aluminium" to Nigeria totalled $ 41 million in 2023. Sales of commodity group 7601 to Nigeria decreased by 24% in value terms compared to 2022. imports of commodity group 7601 "Unwrought aluminium" decreased by $ 13.6 million (the value of imports of commodity group 7601 to Nigeria was equal to $55 million in 2022)
Imports of commodity group 7601 "Unwrought aluminium" accounted for 0.063% of total import flow to Nigeria (in 2023, total imports to Nigeria amounted to $ 65 billion). The share of commodity group 7601 in total imports to Nigeria decreased by 0.027 p.p. compared to 2022 (it was 0.09% in 2022 and cumulative imports to Nigeria were equal to $ 60 billion).
Imports of commodity group 7601 reached 17.3% of total imports of group "" to Nigeria in 2023 (imports of commodity group to Nigeria totalled $239 million in 2023). The share of purchases of commodity group 7601 in total imports of commodity group to Nigeria increased by 0.533 p.p. compared to 2022 (it was 16.8% in 2022, and imports of commodity group to Nigeria accounted for $327 million).
Where does Nigeria import Unwrought aluminium from?
Top trading partners (import of "Unwrought aluminium") of Nigeria in 2023:
- China with a share of 72% (30 million US$)
- Turkey with a share of 9.29% (3.85 million US$)
- Singapore with a share of 7.11% (2.95 million US$)
- India with a share of 5.59% (2.32 million US$)
- Netherlands with a share of 4.83% (2 million US$)
- Vietnam - 192 thousand US$
- Germany - 2.09 thousand US$
- United Arab Emirates - 530 US$
- USA - 463 US$
Imports structure of 7601 - Unwrought aluminium - to Nigeria in 2023 represented by the following main commodity groups:
- 74% (31 million US$): 760120 - Aluminium alloys, unwrought
- 25% (10.4 million US$): 760110 - Aluminium, not alloyed, unwrought
