# Nigeria HS 720854 exports | Yugalinks

Explore reported HS 720854 exports from Nigeria: destinations, growth, concentration, prices, and history.

## Exporter position

| Measure | Value |
| --- | --- |
| Exporter | Nigeria |
| HS6 | 720854 |
| Latest exports | $395.5K |
| Active destinations | 2 |
| Three-year growth | +557.2% |
| Destination HHI | 7,803 |
| Weighted share | 47.8% |

## Destination markets

No destination observations are available.

## Price intelligence

- Highest reported market price: India at $1.1K / ton.
- Lowest reported market price: Niger at $540.3 / ton.
- Median reported price: $607.0 / ton.
- Price spread: 84.6%.

## Export history

- 1999: $15.3K
- 2002: $13.6K
- 2003: $6.1K
- 2004: $688.1
- 2005: $17.5K
- 2006: $4.5K
- 2011: $22.7K
- 2016: $11.7K
- 2017: $13.9K
- 2018: $28.1
- 2019: $34.4K
- 2021: $1.2K
- 2023: $600.6K
- 2024: $351.2K

## Methods

Reported exporter totals are combined with destination, price, history, and country-context observations. Growth, concentration, weighted share, volatility, drawdown, and price-position values are calculated indicators rather than additional reported trade.

Missing values are shown as Not reported and are not imputed.

## Complete structured values

```json
{
  "template": "T3",
  "templateName": "Product Exporter Position Profile",
  "source": "api",
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com"
  },
  "canonical": "https://www.yugalinks.com/trade/exporter/nga/720854",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/720854",
    "exporter": "https://www.yugalinks.com/trade/exporter/nga/720854",
    "methodology": "https://www.yugalinks.com/methodology"
  },
  "methodology": {
    "summary": "Reported exporter totals are combined with destination, price, history, and country-context observations. Growth, concentration, weighted share, volatility, drawdown, and price-position values are calculated indicators rather than additional reported trade.",
    "reportedValues": "Merchandise trade observations for an exporter, HS6 product, destination market, and available year.",
    "destinations": "Destination rows are ranked by latest observed exporter-lane value.",
    "prices": "Unit values are reported trade value divided by reported quantity where quantity is positive.",
    "missingData": "Missing values are shown as Not reported and are not imputed."
  },
  "exporter": {
    "hs_code": "720854",
    "exporter_iso3": "NGA",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 11,
    "current_lane_count": 2,
    "active_market_count": 2,
    "exports_latest_observed_lanes_usd": 395451.3173359062,
    "exports_current_2024_usd": 351186.1665065138,
    "exports_avg_3y_usd": 475882.3436723056,
    "exports_avg_5y_usd": 317667.37983039283,
    "exports_avg_10y_usd": 144721.16720486258,
    "exports_cagr_3y_pct": 557.1577928977167,
    "exports_cagr_5y_pct": 59.16661890120185,
    "exports_cagr_10y_pct": 31.49997104583253,
    "exports_all_year_lane_avg_usd": 257415.10558446732,
    "exports_historical_lane_peak_usd": 677897.7196974795,
    "historical_peak_year": 2023,
    "positive_growth_year_share_pct": 38.46153846153846,
    "trend_acceleration_pct": 525.6578218518841,
    "trend_label": "Rapid growth",
    "top_market_iso3": "BEN",
    "top_market_exports_usd": 348738.04497211095,
    "top_market_share_pct": 88.18735194043725,
    "destination_hhi": 7803.010744899483,
    "weighted_share_latest_pct": 47.788545216074525,
    "weighted_share_change_1y_pp": -38.280643616568554,
    "weighted_volatility_cv": 1.078225792160034,
    "weighted_max_drawdown_pct": 89.12060787608472,
    "limited_history_lane_share_pct": 81.81818181818181,
    "data_freshness_years": 0,
    "coverage_score": 57.5,
    "confidence_label": "Medium",
    "refreshed_at": "2026-07-20 09:29:33",
    "source": "api",
    "product": {
      "hs_code": 720854,
      "hs_description": "Iron or non-alloy steel: (not in coils), flat-rolled, of a width 600mm or more, hot-rolled, without patterns in relief, of a thickness of less than 3mm",
      "hs_chapter": 72,
      "hs_heading": 7208,
      "substitution_elasticity": -12.178247,
      "price_range_label": "Low price range",
      "trade_type_label": "Two-way horizontal trade"
    },
    "hs_description": "Iron or non-alloy steel: (not in coils), flat-rolled, of a width 600mm or more, hot-rolled, without patterns in relief, of a thickness of less than 3mm",
    "hs_chapter": 72,
    "hs_heading": 7208,
    "destinations": [],
    "priceSummary": {
      "exporter_iso3": "NGA",
      "hs_code": 720854,
      "num_markets": 3,
      "highest_price_importer_iso3": "IND",
      "highest_price_usd_per_ton": 1054.0806293018684,
      "lowest_price_importer_iso3": "NER",
      "lowest_price_usd_per_ton": 540.25,
      "median_price_across_markets": 607.0118510158013,
      "price_spread_pct": 84.6491923414676,
      "avg_quantity_metric_tons": 163.3378,
      "total_trade_value_usd": 686594
    },
    "history": [
      {
        "year": 1999,
        "export_value_usd": 15268.86942843226,
        "active_destinations": 1
      },
      {
        "year": 2002,
        "export_value_usd": 13590.301044465323,
        "active_destinations": 3,
        "yoy_growth_pct": -10.99340322369424
      },
      {
        "year": 2003,
        "export_value_usd": 6091.978051925427,
        "active_destinations": 1,
        "yoy_growth_pct": -55.17407574715648
      },
      {
        "year": 2004,
        "export_value_usd": 688.0764353701264,
        "active_destinations": 1,
        "yoy_growth_pct": -88.70520495140896
      },
      {
        "year": 2005,
        "export_value_usd": 17547.938147704182,
        "active_destinations": 1,
        "yoy_growth_pct": 2450.2890733737872
      },
      {
        "year": 2006,
        "export_value_usd": 4479.174191016482,
        "active_destinations": 1,
        "yoy_growth_pct": -74.47464110418865
      },
      {
        "year": 2011,
        "export_value_usd": 22713.33091988087,
        "active_destinations": 3,
        "yoy_growth_pct": 407.08746637795787
      },
      {
        "year": 2016,
        "export_value_usd": 11741.266997262854,
        "active_destinations": 2,
        "yoy_growth_pct": -48.30671450753276
      },
      {
        "year": 2017,
        "export_value_usd": 13898.938233564855,
        "active_destinations": 1,
        "yoy_growth_pct": 18.376817738707434
      },
      {
        "year": 2018,
        "export_value_usd": 28.075947758823848,
        "active_destinations": 1,
        "yoy_growth_pct": -99.79799933428711
      },
      {
        "year": 2019,
        "export_value_usd": 34377.74976427302,
        "active_destinations": 3,
        "yoy_growth_pct": 122345.55396520361
      },
      {
        "year": 2021,
        "export_value_usd": 1237.4521465673506,
        "active_destinations": 2,
        "yoy_growth_pct": -96.40042715112968
      },
      {
        "year": 2023,
        "export_value_usd": 600578.5208380973,
        "active_destinations": 2,
        "yoy_growth_pct": 48433.474405784604
      },
      {
        "year": 2024,
        "export_value_usd": 351186.1665065138,
        "active_destinations": 2,
        "yoy_growth_pct": -41.52535358466711
      }
    ],
    "economy": {
      "year": 2024,
      "country_iso3": "NGA",
      "exports_usd": 56941418902.15539,
      "imports_usd": 50278133107.64248,
      "trade_balance_usd": 6663285794.512909,
      "yoy_exports_growth_pct": -9.67373651308262,
      "yoy_imports_growth_pct": -16.18062425952269,
      "exports_cagr_3y_pct": 4.026458555641921,
      "imports_cagr_3y_pct": -5.508057780247311,
      "export_partner_hhi": 465.8320147058125,
      "export_product_hhi": 4533.798080511278,
      "momentum_score": -5.563677992465257,
      "risk_score": 24.998150476085456,
      "gdp_million_usd": 252261.88014115053,
      "gdp_per_capita_usd": 1084.1604180543611,
      "population": 232679478,
      "labor_force": 67678.81,
      "investment_rate_pct": 26.33,
      "savings_rate_pct": 20.4,
      "secondary_education_pct": 40.44,
      "tertiary_education_pct": 3.29,
      "total_factor_productivity": 594.15,
      "trade_openness_pct": 13.142187617070435,
      "exports_gdp_pct": 6.979462200382475,
      "num_active_partners": 270,
      "num_fta_partners": 14,
      "num_wto_partners": 169,
      "num_eu_partners": 28,
      "num_shared_border_partners": 4,
      "num_shared_language_partners": 77,
      "avg_partner_distance_km": 7262.135802469136,
      "avg_partner_gdp_million_usd": 533678518.3258192,
      "avg_partner_gdp_per_capita_usd": 15.774186170212769,
      "avg_buyer_biz_entry_days": null,
      "avg_buyer_biz_entry_cost_pct": null,
      "pct_partners_with_fta": 5.185185185185185,
      "pct_partners_shared_language": 28.51851851851852,
      "pct_partners_shared_border": 1.4814814814814816,
      "avg_applied_tariff_pct": 0.13151512571683113,
      "avg_mfn_tariff_pct": 0.1364169151772714,
      "avg_preferential_tariff_pct": 0.03678156734880338,
      "tariff_advantage_pp": 0.099635347828468,
      "avg_distance_all_partners_km": 7234.188837116315,
      "num_border_partners": 100,
      "num_colonial_partners": 25,
      "avg_substitution_elasticity": -9.339842972467615,
      "pct_products_high_elasticity": 71.0772104607721,
      "pct_products_low_elasticity": 3.3935242839352426,
      "real_market_potential": 164373.51126504008,
      "foreign_market_potential": 24611.999896897145
    },
    "countryMap": {}
  },
  "product": {
    "hs_code": "720854",
    "hs_description": "Iron or non-alloy steel: (not in coils), flat-rolled, of a width 600mm or more, hot-rolled, without patterns in relief, of a thickness of less than 3mm",
    "hs_chapter": 72,
    "hs_heading": 7208
  },
  "destinations": [],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "NGA",
    "hs_code": 720854,
    "num_markets": 3,
    "highest_price_importer_iso3": "IND",
    "highest_price_usd_per_ton": 1054.0806293018684,
    "lowest_price_importer_iso3": "NER",
    "lowest_price_usd_per_ton": 540.25,
    "median_price_across_markets": 607.0118510158013,
    "price_spread_pct": 84.6491923414676,
    "avg_quantity_metric_tons": 163.3378,
    "total_trade_value_usd": 686594
  },
  "history": [
    {
      "year": 1999,
      "export_value_usd": 15268.86942843226,
      "active_destinations": 1
    },
    {
      "year": 2002,
      "export_value_usd": 13590.301044465323,
      "active_destinations": 3,
      "yoy_growth_pct": -10.99340322369424
    },
    {
      "year": 2003,
      "export_value_usd": 6091.978051925427,
      "active_destinations": 1,
      "yoy_growth_pct": -55.17407574715648
    },
    {
      "year": 2004,
      "export_value_usd": 688.0764353701264,
      "active_destinations": 1,
      "yoy_growth_pct": -88.70520495140896
    },
    {
      "year": 2005,
      "export_value_usd": 17547.938147704182,
      "active_destinations": 1,
      "yoy_growth_pct": 2450.2890733737872
    },
    {
      "year": 2006,
      "export_value_usd": 4479.174191016482,
      "active_destinations": 1,
      "yoy_growth_pct": -74.47464110418865
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    {
      "year": 2011,
      "export_value_usd": 22713.33091988087,
      "active_destinations": 3,
      "yoy_growth_pct": 407.08746637795787
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    {
      "year": 2016,
      "export_value_usd": 11741.266997262854,
      "active_destinations": 2,
      "yoy_growth_pct": -48.30671450753276
    },
    {
      "year": 2017,
      "export_value_usd": 13898.938233564855,
      "active_destinations": 1,
      "yoy_growth_pct": 18.376817738707434
    },
    {
      "year": 2018,
      "export_value_usd": 28.075947758823848,
      "active_destinations": 1,
      "yoy_growth_pct": -99.79799933428711
    },
    {
      "year": 2019,
      "export_value_usd": 34377.74976427302,
      "active_destinations": 3,
      "yoy_growth_pct": 122345.55396520361
    },
    {
      "year": 2021,
      "export_value_usd": 1237.4521465673506,
      "active_destinations": 2,
      "yoy_growth_pct": -96.40042715112968
    },
    {
      "year": 2023,
      "export_value_usd": 600578.5208380973,
      "active_destinations": 2,
      "yoy_growth_pct": 48433.474405784604
    },
    {
      "year": 2024,
      "export_value_usd": 351186.1665065138,
      "active_destinations": 2,
      "yoy_growth_pct": -41.52535358466711
    }
  ],
  "economy": {
    "year": 2024,
    "country_iso3": "NGA",
    "exports_usd": 56941418902.15539,
    "imports_usd": 50278133107.64248,
    "trade_balance_usd": 6663285794.512909,
    "yoy_exports_growth_pct": -9.67373651308262,
    "yoy_imports_growth_pct": -16.18062425952269,
    "exports_cagr_3y_pct": 4.026458555641921,
    "imports_cagr_3y_pct": -5.508057780247311,
    "export_partner_hhi": 465.8320147058125,
    "export_product_hhi": 4533.798080511278,
    "momentum_score": -5.563677992465257,
    "risk_score": 24.998150476085456,
    "gdp_million_usd": 252261.88014115053,
    "gdp_per_capita_usd": 1084.1604180543611,
    "population": 232679478,
    "labor_force": 67678.81,
    "investment_rate_pct": 26.33,
    "savings_rate_pct": 20.4,
    "secondary_education_pct": 40.44,
    "tertiary_education_pct": 3.29,
    "total_factor_productivity": 594.15,
    "trade_openness_pct": 13.142187617070435,
    "exports_gdp_pct": 6.979462200382475,
    "num_active_partners": 270,
    "num_fta_partners": 14,
    "num_wto_partners": 169,
    "num_eu_partners": 28,
    "num_shared_border_partners": 4,
    "num_shared_language_partners": 77,
    "avg_partner_distance_km": 7262.135802469136,
    "avg_partner_gdp_million_usd": 533678518.3258192,
    "avg_partner_gdp_per_capita_usd": 15.774186170212769,
    "avg_buyer_biz_entry_days": null,
    "avg_buyer_biz_entry_cost_pct": null,
    "pct_partners_with_fta": 5.185185185185185,
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    "avg_applied_tariff_pct": 0.13151512571683113,
    "avg_mfn_tariff_pct": 0.1364169151772714,
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    "avg_distance_all_partners_km": 7234.188837116315,
    "num_border_partners": 100,
    "num_colonial_partners": 25,
    "avg_substitution_elasticity": -9.339842972467615,
    "pct_products_high_elasticity": 71.0772104607721,
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    "real_market_potential": 164373.51126504008,
    "foreign_market_potential": 24611.999896897145
  }
}
```