Flag France / Nigeria Flag

Exports Flag β†’ Flag  (2018): $795M, Rnk 61 / 214

Top Product Flag β†’ Flag (2018): $197M, Refined Petroleum

Exports Flag β†’ Flag (2018): $4.02B, Rnk 4 / 145

Top Product Flag β†’ Flag (2018): $2.89B, Crude Petroleum

Economic Complexity of Flag (2018): ECI 1.42, Rnk 15 / 137

Economic Complexity of Flag (2018): ECI -1.75, Rnk 134 / 137

France-Nigeria: In 2018, France exported $795M to Nigeria. The main products exported from France to Nigeria were Refined Petroleum ($197M), Hard Liquor ($38.7M), and Blood, antisera, vaccines, toxins and cultures ($26.3M). During the last 23 years the exports of France to Nigeria have increased at an annualized rate of 3.1%, from $394M in 1995 to $795M in 2018. In 2016, France exported services to Nigeria worth $552M, with Other business services ($473M), Transportation ($36.5M), and Travel ($14.4M) being the largest in terms of value.

Nigeria-France: In 2018, Nigeria exported $4.02B to France. The main products exported from Nigeria to France were Crude Petroleum ($2.89B), Petroleum Gas ($834M), and Refined Petroleum ($196M). During the last 23 years the exports of Nigeria to France have increased at an annualized rate of 7.95%, from $692M in 1995 to $4.02B in 2018.

Comparison: In 2018, France ranked 15 in the Economic Complexity Index (ECI 1.42), and 6 in total exports ($563B). That same year, Nigeria ranked 134 in the Economic Complexity Index (ECI -1.75), and 50 in total exports ($59.5B). N/A

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, France exported $795M to Nigeria. The main products exported from France to Nigeria were Refined Petroleum ($197M), Hard Liquor ($38.7M), and Blood, antisera, vaccines, toxins and cultures ($26.3M). During the last 23 years the exports of France to Nigeria have increased at an annualized rate of 3.1%, from $394M in 1995 to $795M in 2018.

In 2018, Nigeria exported $4.02B to France. The main products exported from Nigeria to France were Crude Petroleum ($2.89B), Petroleum Gas ($834M), and Refined Petroleum ($196M). During the last 23 years the exports of Nigeria to France have increased at an annualized rate of 7.95%, from $692M in 1995 to $4.02B in 2018.

Market Competitiveness

#permalink to section
Measure

France
Top Destination
: Germany, $78.5B

Nigeria
Top Destination
: India, $10B

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

In 2018, countries that imported more from France than Nigeria were Germany ($78.5B), Belgium-Luxembourg ($42.9B), and Italy ($42.9B).

In 2018, countries that imported more from Nigeria than France were India ($10B), South Africa ($3.87B), and Indonesia ($2.24B).

Comparative Advantage France - Nigeria

#permalink to section
Depth

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

During 2018, France had a large net trade with Nigeria in the exports of Mineral Products ($199M), Machines ($193M), and Chemical Products ($131M).

During 2018, Nigeria had a large net trade with France in the exports of Mineral Products ($3.92B), Foodstuffs ($34.5M), and Animal Products ($32.1M).

Tariff Section

#permalink to section

This sections shows import tariffs for products traded between France and Nigeria (using the HS6 product classification and the last year reported).

In 2017, the products from France that paid the highest import tariffs to enter Nigeria were Sugar beet (178%) and Whey (173%).

In 2016, the products from Nigeria that paid the highest import tariffs to enter France were Bovine carcasses and half carcasses, fresh or chilled (35%) and Bovine cuts bone in, fresh or chilled (35%).

Explore Tariff Data

*The tariffs present between France and Nigeria are:
122: EU preferential tariff for sugar producing countries
123: European Union Generalized System of Preference
136: Most Favoured Nation duty rate treatement

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between France and Nigeria. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

#permalink to section

In 2016, France exported services to Nigeria worth $552M, with Other business services ($473M), Transportation ($36.5M), and Travel ($14.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more France has comparative advantage over Nigeria. Similarly, the more red a dot/product is, the more Nigeria has comparative advantage over France.