Sign In
Pricing

2022
Flag → Flag
Exports $832MRnk 69 / 221
2022
Flag → Flag
Top Product $154MRefined Petroleum
2022
Flag → Flag
Exports $1.53BRnk 14 / 166
2022
Flag → Flag
Top Product $1.4BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

Italy-Nigeria Trade: In 2022, Italy exported $832M to Nigeria. The main products that Italy exported to Nigeria were Refined Petroleum ($154M), Washing and Bottling Machines ($58.6M), and Industrial Food Preperation Machinery ($24.2M). Over the past 5 years the exports of Italy to Nigeria have increased at an annualized rate of 6.53%, from $606M in 2017 to $832M in 2022.

In 2020, Italy exported services to Nigeria worth $68.9M, with Transportation ($28.6M), Other business services ($19.6M), and Communications services ($9.37M) being the largest in terms of value.

Nigeria-Italy Trade: In 2022, Nigeria exported $1.53B to Italy. The main products that Nigeria exported to Italy were Crude Petroleum ($1.4B), Tanned Sheep Hides ($26.7M), and Precious Metal Scraps ($21.4M). Over the past 5 years the exports of Nigeria to Italy have increased at an annualized rate of 11.1%,  from $816M in 2017 to $1.53B in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Latest Trends

July, 2024

About

Overview In July 2024, Italy exported €22.9M and imported €181M from Nigeria, resulting in a negative trade balance of €158M. Between July 2023 and July 2024 the exports of Italy have decreased by €-106M (-82.3%) from €129M to €22.9M, while imports increased by €139M (329%) from €42.2M to €181M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€-106M(-82.3%)
IMPORT GROWTH (July 2023 - July 2024)€139M(329%)

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

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

For full datasets download visit Bulk Download page.

Explore Nigeria and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $832M to Nigeria. The main products exported from Italy to Nigeria were Refined Petroleum ($154M), Washing and Bottling Machines ($58.6M), and Industrial Food Preperation Machinery ($24.2M). During the last 5 years the exports of Italy to Nigeria have increased at an annualized rate of 6.53%, from $606M in 2017 to $832M in 2022.

In 2017, Nigeria exported $1.53B to Italy. The main products exported from Nigeria to Italy were Crude Petroleum ($1.4B), Tanned Sheep Hides ($26.7M), and Precious Metal Scraps ($21.4M). During the last 5 years the exports of Nigeria to Italy have increased at an annualized rate of 11.1%, from $816M in 2022 to $1.53B in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from Italy than Nigeria included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Nigeria than Italy included India ($8.2B), Indonesia ($3.83B), and Cote d'Ivoire ($1.97B).

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

Comparative Advantage Italy - Nigeria

Flow
Scale

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

During 2022, Italy had a large net trade with Nigeria in the exports of Machines ($307M), Mineral Products ($163M), and Chemical Products ($76.6M).

During 2017, Nigeria had a large net trade with Italy in the exports of Mineral Products ($1.42B), Animal Hides ($40M), and Precious Metals ($22.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Nigeria+$160MRefined Petroleum
Top Product Potential Nigeria Italy+$879MCrude 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms