# Nigeria HS 721410 exports | Yugalinks

Explore reported HS 721410 exports from Nigeria: destinations, growth, concentration, prices, and history.

## Exporter position

| Measure | Value |
| --- | --- |
| Exporter | Nigeria |
| HS6 | 721410 |
| Latest exports | $223.1K |
| Active destinations | 3 |
| Three-year growth | +56.6% |
| Destination HHI | 6,992 |
| Weighted share | 53.6% |

## Destination markets

No destination observations are available.

## Price intelligence

- Highest reported market price: Côte d\'Ivoire at $53.3K / ton.
- Lowest reported market price: Cameroon at $69.2 / ton.
- Median reported price: $671.3 / ton.
- Price spread: 7,935%.

## Export history

- 2010: $51.8K
- 2011: $191.3
- 2012: $3.1K
- 2013: $41.0K
- 2014: $19.4K
- 2015: $59.6K
- 2016: $214.8K
- 2017: $102.5K
- 2018: $422.3K
- 2019: $269.0K
- 2020: $64.0K
- 2021: $48.1K
- 2022: $172.2K
- 2023: $167.6K
- 2024: $185.0K

## 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/721410",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/721410",
    "exporter": "https://www.yugalinks.com/trade/exporter/nga/721410",
    "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": "721410",
    "exporter_iso3": "NGA",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 11,
    "current_lane_count": 3,
    "active_market_count": 3,
    "exports_latest_observed_lanes_usd": 223122.2767307338,
    "exports_current_2024_usd": 185020.46526633794,
    "exports_avg_3y_usd": 174947.14667084813,
    "exports_avg_5y_usd": 127387.87261273374,
    "exports_avg_10y_usd": 170521.2388497873,
    "exports_cagr_3y_pct": 56.63962445697006,
    "exports_cagr_5y_pct": -7.212611366824717,
    "exports_cagr_10y_pct": 25.296802613754956,
    "exports_all_year_lane_avg_usd": 150540.07164507813,
    "exports_historical_lane_peak_usd": 534560.0703037695,
    "historical_peak_year": 2018,
    "positive_growth_year_share_pct": 59.25925925925926,
    "trend_acceleration_pct": 31.342821843215106,
    "trend_label": "Rapid growth",
    "top_market_iso3": "NER",
    "top_market_exports_usd": 184779.39679701917,
    "top_market_share_pct": 82.81530625470123,
    "destination_hhi": 6992.357006120372,
    "weighted_share_latest_pct": 53.57102124805693,
    "weighted_share_change_1y_pp": 50.15328734047937,
    "weighted_volatility_cv": 1.0795320364940635,
    "weighted_max_drawdown_pct": 86.19119569265092,
    "limited_history_lane_share_pct": 72.72727272727273,
    "data_freshness_years": 0,
    "coverage_score": 58,
    "confidence_label": "Medium",
    "refreshed_at": "2026-07-20 09:29:33",
    "source": "api",
    "product": {
      "hs_code": 721410,
      "hs_description": "Iron or non-alloy steel: bars and rods, forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling",
      "hs_chapter": 72,
      "hs_heading": 7214,
      "substitution_elasticity": -22.191757,
      "price_range_label": "Low price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Iron or non-alloy steel: bars and rods, forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling",
    "hs_chapter": 72,
    "hs_heading": 7214,
    "destinations": [],
    "priceSummary": {
      "exporter_iso3": "NGA",
      "hs_code": 721410,
      "num_markets": 4,
      "highest_price_importer_iso3": "CIV",
      "highest_price_usd_per_ton": 53333.333333333336,
      "lowest_price_importer_iso3": "CMR",
      "lowest_price_usd_per_ton": 69.2,
      "median_price_across_markets": 671.2547410234629,
      "price_spread_pct": 7935.010373576126,
      "avg_quantity_metric_tons": 121.51045454545452,
      "total_trade_value_usd": 741236
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 51780.982308931445,
        "active_destinations": 1,
        "yoy_growth_pct": 22.658664552150416
      },
      {
        "year": 2011,
        "export_value_usd": 191.2654850472207,
        "active_destinations": 1,
        "yoy_growth_pct": -99.63062600105556
      },
      {
        "year": 2012,
        "export_value_usd": 3063.2451739967305,
        "active_destinations": 3,
        "yoy_growth_pct": 1501.5671480091974
      },
      {
        "year": 2013,
        "export_value_usd": 40981.50482563209,
        "active_destinations": 2,
        "yoy_growth_pct": 1237.8460586020278
      },
      {
        "year": 2014,
        "export_value_usd": 19400.81090862069,
        "active_destinations": 3,
        "yoy_growth_pct": -52.65959366019581
      },
      {
        "year": 2015,
        "export_value_usd": 59621.49405705702,
        "active_destinations": 4,
        "yoy_growth_pct": 207.31444339042753
      },
      {
        "year": 2016,
        "export_value_usd": 214801.9311888481,
        "active_destinations": 4,
        "yoy_growth_pct": 260.27599540408255
      },
      {
        "year": 2017,
        "export_value_usd": 102513.17567201689,
        "active_destinations": 3,
        "yoy_growth_pct": -52.27548695458884
      },
      {
        "year": 2018,
        "export_value_usd": 422322.34702251345,
        "active_destinations": 4,
        "yoy_growth_pct": 311.9688462034399
      },
      {
        "year": 2019,
        "export_value_usd": 269014.07749376877,
        "active_destinations": 2,
        "yoy_growth_pct": -36.30124491626109
      },
      {
        "year": 2020,
        "export_value_usd": 63956.94946916221,
        "active_destinations": 4,
        "yoy_growth_pct": -76.22542654086804
      },
      {
        "year": 2021,
        "export_value_usd": 48140.97358196215,
        "active_destinations": 3,
        "yoy_growth_pct": -24.729096710320693
      },
      {
        "year": 2022,
        "export_value_usd": 172243.88147191724,
        "active_destinations": 3,
        "yoy_growth_pct": 257.7906067451344
      },
      {
        "year": 2023,
        "export_value_usd": 167577.09327428925,
        "active_destinations": 2,
        "yoy_growth_pct": -2.709407241492561
      },
      {
        "year": 2024,
        "export_value_usd": 185020.46526633794,
        "active_destinations": 3,
        "yoy_growth_pct": 10.409162524079276
      }
    ],
    "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": "721410",
    "hs_description": "Iron or non-alloy steel: bars and rods, forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling",
    "hs_chapter": 72,
    "hs_heading": 7214
  },
  "destinations": [],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "NGA",
    "hs_code": 721410,
    "num_markets": 4,
    "highest_price_importer_iso3": "CIV",
    "highest_price_usd_per_ton": 53333.333333333336,
    "lowest_price_importer_iso3": "CMR",
    "lowest_price_usd_per_ton": 69.2,
    "median_price_across_markets": 671.2547410234629,
    "price_spread_pct": 7935.010373576126,
    "avg_quantity_metric_tons": 121.51045454545452,
    "total_trade_value_usd": 741236
  },
  "history": [
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      "year": 2010,
      "export_value_usd": 51780.982308931445,
      "active_destinations": 1,
      "yoy_growth_pct": 22.658664552150416
    },
    {
      "year": 2011,
      "export_value_usd": 191.2654850472207,
      "active_destinations": 1,
      "yoy_growth_pct": -99.63062600105556
    },
    {
      "year": 2012,
      "export_value_usd": 3063.2451739967305,
      "active_destinations": 3,
      "yoy_growth_pct": 1501.5671480091974
    },
    {
      "year": 2013,
      "export_value_usd": 40981.50482563209,
      "active_destinations": 2,
      "yoy_growth_pct": 1237.8460586020278
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    {
      "year": 2014,
      "export_value_usd": 19400.81090862069,
      "active_destinations": 3,
      "yoy_growth_pct": -52.65959366019581
    },
    {
      "year": 2015,
      "export_value_usd": 59621.49405705702,
      "active_destinations": 4,
      "yoy_growth_pct": 207.31444339042753
    },
    {
      "year": 2016,
      "export_value_usd": 214801.9311888481,
      "active_destinations": 4,
      "yoy_growth_pct": 260.27599540408255
    },
    {
      "year": 2017,
      "export_value_usd": 102513.17567201689,
      "active_destinations": 3,
      "yoy_growth_pct": -52.27548695458884
    },
    {
      "year": 2018,
      "export_value_usd": 422322.34702251345,
      "active_destinations": 4,
      "yoy_growth_pct": 311.9688462034399
    },
    {
      "year": 2019,
      "export_value_usd": 269014.07749376877,
      "active_destinations": 2,
      "yoy_growth_pct": -36.30124491626109
    },
    {
      "year": 2020,
      "export_value_usd": 63956.94946916221,
      "active_destinations": 4,
      "yoy_growth_pct": -76.22542654086804
    },
    {
      "year": 2021,
      "export_value_usd": 48140.97358196215,
      "active_destinations": 3,
      "yoy_growth_pct": -24.729096710320693
    },
    {
      "year": 2022,
      "export_value_usd": 172243.88147191724,
      "active_destinations": 3,
      "yoy_growth_pct": 257.7906067451344
    },
    {
      "year": 2023,
      "export_value_usd": 167577.09327428925,
      "active_destinations": 2,
      "yoy_growth_pct": -2.709407241492561
    },
    {
      "year": 2024,
      "export_value_usd": 185020.46526633794,
      "active_destinations": 3,
      "yoy_growth_pct": 10.409162524079276
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  ],
  "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,
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    "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,
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    "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,
    "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
  }
}
```