Nigeria (NGA) and Angola (AGO) Trade | The Observatory of Economic Complexity

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Nigeria-Angola Trade: In 2023, Nigeria exported $12.4M to Angola. The main products that Nigeria exported to Angola were Oil Seed Flower ($3.08M), Bran ($2.45M), and Soybean Meal ($1.09M). Over the past 5 years the exports of Nigeria to Angola have increased at an annualized rate of 24.4%, from $4.15M in 2018 to $12.4M in 2023.

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

Angola-Nigeria Trade: In 2023, Angola exported $14.3M to Nigeria. The main products that Angola exported to Nigeria were Special Purpose Ships ($6.68M), Tug Boats ($1.93M), and Other Sea Vessels ($1.85M). Over the past 5 years the exports of Angola to Nigeria have decreased at an annualized rate of 8.73%, from $22.6M in 2018 to $14.3M in 2023.

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

Comparison: In 2023, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). That same year, Angola ranked 120 in the Economic Complexity Index (ECI -1.23), and 62 in total exports ($42.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nigeria exported $12.4M to Angola. The main products exported from Nigeria to Angola were Oil Seed Flower ($3.08M), Bran ($2.45M), and Soybean Meal ($1.09M). During the last 5 years the exports of Nigeria to Angola have increased at an annualized rate of 24.4%, from $4.15M in 2018 to $12.4M in 2023.

In 2018, Angola exported $14.3M to Nigeria. The main products exported from Angola to Nigeria were Special Purpose Ships ($6.68M), Tug Boats ($1.93M), and Other Sea Vessels ($1.85M). During the last 5 years the exports of Angola to Nigeria have decreased at an annualized rate of 8.73%, from $22.6M in 2023 to $14.3M in 2018.

Exports from Nigeria () to Angola () (2023)

Exports from Angola () to Nigeria () (2023)

Latest Data

Trade between Nigeria () and Angola ()

Nigeria Exports

Date

Angola Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationUnited States$6.29B

Angola
Top DestinationChina$17.1B

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

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

In 2023, countries that imported more from Angola than Nigeria included China ($17.1B), United Arab Emirates ($2.75B), and Republic of the Congo ($1.24B).

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

Comparative Advantage Nigeria - Angola

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nigeria had a large net trade with Angola in the exports of Foodstuffs ($4.03M), Vegetable Products ($3.69M), and Machines ($2.48M).

During 2018, Angola had a large net trade with Nigeria in the exports of Transportation ($11M), Instruments ($2.09M), and Machines ($1.01M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nigeria Angola+$402kRaw Plastic Sheeting

Top Product Potential Angola Nigeria+$529kNon-fillet Frozen Fish

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 Nigeria and Angola. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Angola. Similarly, a dot/product with the flag of Angola indicates it has a comparative advantage over Nigeria.

About

Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Angola () (2023)

Exports from Angola () to Nigeria () (2023)

Latest Data

Trade between Nigeria () and Angola ()

Nigeria Exports

Angola Exports

Market Competitiveness

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

Comparative Advantage Nigeria - Angola

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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