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2022
Flag → Flag
Exports $1.24BRnk 70 / 223
2022
Flag → Flag
Top Product $142MWheat
2022
Flag → Flag
Exports $2.35BRnk 7 / 166
2022
Flag → Flag
Top Product $2.14BCrude Petroleum
2022
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Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
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Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
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GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
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GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
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GDP PC$2,184CURRENT US$
Rnk 146 / 186
2012-2022
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GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

Germany-Nigeria Trade: In 2022, Germany exported $1.24B to Nigeria. The main products that Germany exported to Nigeria were Wheat ($142M), Washing and Bottling Machines ($53M), and Cars ($48.3M). Over the past 5 years the exports of Germany to Nigeria have decreased at an annualized rate of 0.57%, from $1.28B in 2017 to $1.24B in 2022.

In 2020, Germany exported services to Nigeria worth $162M, with Transportation ($77.7M), Other business services ($72M), and Computer and information services ($8M) being the largest in terms of value.

Nigeria-Germany Trade: In 2022, Nigeria exported $2.35B to Germany. The main products that Nigeria exported to Germany were Crude Petroleum ($2.14B), Cocoa Butter ($39.1M), and Nitrogenous Fertilizers ($35.4M). Over the past 5 years the exports of Nigeria to Germany have increased at an annualized rate of 5.76%,  from $1.78B in 2017 to $2.35B in 2022.

In 2022, Nigeria did not export any services to Germany.

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Latest Trends

June, 2024

About

Overview In June 2024, Germany exported €66M and imported €179M from Nigeria, resulting in a negative trade balance of €113M. Between June 2023 and June 2024 the exports of Germany have decreased by €-14.5M (-18%) from €80.5M to €66M, while imports decreased by €-49.7M (-21.7%) from €229M to €179M.

Trade In June 2024, the top exports of Germany to Nigeria were Articles of plastic (€5.19M), Bakery products and other cereal preperations (€5.03M), Measuring and automatical control instruments (€3.66M), Motor cars and motor caravans (€2.39M), and Machinery for electricity production, distribution (€2.07M). In June 2024 the top imports of Germany from Nigeria were Petroleum oil and petroleum gases (€143M), Cocoa and cocoa products (€2.42M), Oilseed and oleaginous fruits (€2.1M), Other raw materials inclusive waste (€1.25M), and Fish and crustaceans, molluscs (€1.16M).

Origins In June 2024 the exports of Germany were mainly from Bavaria (€12.5M), Rhineland-Pfalz (€8.54M), North Rhine-Westphalia (€7.54M), Baden-Württemberg (€6.89M), and Hesse (€3.96M), while imports destinations were mainly Hamburg (€155M), Brandenburg (€11.4M), Bavaria (€1.42M), and North Rhine-Westphalia (€1.13M).

Growth In June 2024, the decrease in Germany's year-by-year exports to Nigeria was explained primarily by an decrease in product exports in Lorries and special purpose motor vehicles (€-2.34M or -68.6%), Machinery for paper production and printing (€-2.2M or -95.4%), and Other food of vegetable origin (€-2M or -50.5%). In June 2024, the decrease in Germany's year-by-year imports  from Nigeria was explained primarily by an decrease in product imports  in Cocoa and cocoa products (€-1.33M or -35.6%), Crude rubber (€-947k or -88.4%), and Other raw materials inclusive waste (€-534k or -29.9%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)€-14.5M(-18%)
IMPORT GROWTH (June 2023 - June 2024)€-49.7M(-21.7%)
MAIN EXPORTER (June 2024)Bavaria€12.5M

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Nigeria and Germany trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nigeria and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $1.24B to Nigeria. The main products exported from Germany to Nigeria were Wheat ($142M), Washing and Bottling Machines ($53M), and Cars ($48.3M). During the last 5 years the exports of Germany to Nigeria have decreased at an annualized rate of 0.57%, from $1.28B in 2017 to $1.24B in 2022.

In 2017, Nigeria exported $2.35B to Germany. The main products exported from Nigeria to Germany were Crude Petroleum ($2.14B), Cocoa Butter ($39.1M), and Nitrogenous Fertilizers ($35.4M). During the last 5 years the exports of Nigeria to Germany have increased at an annualized rate of 5.76%, from $1.78B in 2022 to $2.35B in 2017.

Exports from Germany (Flag) to Nigeria (Flag) (2022)

Exports from Nigeria (Flag) to Germany (Flag) (2022)

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from Germany than Nigeria included United States ($153B), France ($120B), and China ($109B).

In 2022, countries that imported more from Nigeria than Germany included Cote d'Ivoire ($1.97B), Gibraltar ($1.15B), and Togo ($750M).

Difference in imports from Nigeria (Flag) and Germany (Flag) (2022)

Comparative Advantage Germany - Nigeria

Flow
Scale

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

During 2022, Germany had a large net trade with Nigeria in the exports of N/A.

During 2017, Nigeria had a large net trade with Germany in the exports of Mineral Products ($2.15B), Foodstuffs ($64.6M), and Vegetable Products ($44.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Nigeria+$81MCars
Top Product Potential Nigeria Germany+$1.08BCrude Petroleum

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

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

Product Space of Germany (Flag) and Nigeria (Flag) (2022)

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