Cameroon (CMR) and Nigeria (NGA) Trade | The Observatory of Economic Complexity

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Cameroon-Nigeria Trade: In 2023, Cameroon exported $5.79M to Nigeria. The main products that Cameroon exported to Nigeria were Scrap Vessels ($4.05M), Other Oily Seeds ($475k), and Other Vegetable Oils ($279k). Over the past 5 years the exports of Cameroon to Nigeria have decreased at an annualized rate of 29.9%, from $34.2M in 2018 to $5.79M in 2023.

In 2023, Cameroon did not export any services to Nigeria.

Nigeria-Cameroon Trade: In 2023, Nigeria exported $169M to Cameroon. The main products that Nigeria exported to Cameroon were Steam Turbines ($74.7M), Scrap Vessels ($31.1M), and Passenger and Cargo Ships ($21.2M). Over the past 5 years the exports of Nigeria to Cameroon have decreased at an annualized rate of 15.8%, from $401M in 2018 to $169M in 2023.

In 2023, Nigeria did not export any services to Cameroon.

Comparison: In 2023, Cameroon ranked 119 in the Economic Complexity Index (ECI -1.2), and 117 in total exports ($6.76B). That same year, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Cameroon exported $5.79M to Nigeria. The main products exported from Cameroon to Nigeria were Scrap Vessels ($4.05M), Other Oily Seeds ($475k), and Other Vegetable Oils ($279k). During the last 5 years the exports of Cameroon to Nigeria have decreased at an annualized rate of 29.9%, from $34.2M in 2018 to $5.79M in 2023.

In 2018, Nigeria exported $169M to Cameroon. The main products exported from Nigeria to Cameroon were Steam Turbines ($74.7M), Scrap Vessels ($31.1M), and Passenger and Cargo Ships ($21.2M). During the last 5 years the exports of Nigeria to Cameroon have decreased at an annualized rate of 15.8%, from $401M in 2023 to $169M in 2018.

Exports from Cameroon () to Nigeria () (2023)

Exports from Nigeria () to Cameroon () (2023)

Latest Data

Trade between Cameroon () and Nigeria ()

Cameroon Exports

Date

Nigeria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cameroon
Top DestinationNetherlands$1.44B

Nigeria
Top DestinationUnited States$6.29B

This map shows whether countries import more from Cameroon or Nigeria. Each country is colored based on the difference in imports they receive from Cameroon and Nigeria or the difference in the growth in imports.

In 2023, countries that imported more from Cameroon than Nigeria included Central African Republic ($115M), Uganda ($72.7M), and Slovakia ($16.2M).

In 2023, countries that imported more from Nigeria than Cameroon included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

Difference in imports from Nigeria () and Cameroon () (2023)

Comparative Advantage Cameroon - Nigeria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Cameroon and Nigeria by product, considering products traded by both, Cameroon and Nigeria.

During 2023, Cameroon had a large net trade with Nigeria in the exports of Transportation ($4.31M), Vegetable Products ($566k), and Animal and Vegetable Bi-Products ($533k).

During 2018, Nigeria had a large net trade with Cameroon in the exports of Machines ($75.5M), Transportation ($52.3M), and Mineral Products ($13.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Cameroon Nigeria+$144kTelephones

Top Product Potential Nigeria Cameroon+$6.8MNitrogenous Fertilizers

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Cameroon and Nigeria. This means that a dot/product with the flag of Cameroon indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over Cameroon.

About

Historical Data

Bilateral Trade by Products

Exports from Cameroon () to Nigeria () (2023)

Exports from Nigeria () to Cameroon () (2023)

Latest Data

Trade between Cameroon () and Nigeria ()

Cameroon Exports

Nigeria Exports

Market Competitiveness

Difference in imports from Nigeria () and Cameroon () (2023)

Comparative Advantage Cameroon - Nigeria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Cameroon () and Nigeria () (2023)

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