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2022
Flag → Flag
Exports $1.17BRnk 19 / 166
2022
Flag → Flag
Top Product $1.11BCrude Petroleum
2022
Flag → Flag
Exports $559MRnk 42 / 215
2022
Flag → Flag
Top Product $203MWheat
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Nigeria-Canada Trade: In 2022, Nigeria exported $1.17B to Canada. The main products that Nigeria exported to Canada were Crude Petroleum ($1.11B), Cocoa Beans ($29.4M), and Soybeans ($6.78M). Over the past 5 years the exports of Nigeria to Canada have increased at an annualized rate of 10.3%, from $713M in 2017 to $1.17B in 2022.

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

Canada-Nigeria Trade: In 2022, Canada exported $559M to Nigeria. The main products that Canada exported to Nigeria were Wheat ($203M), Potassic Fertilizers ($191M), and Cars ($76M). Over the past 5 years the exports of Canada to Nigeria have increased at an annualized rate of 10.3%,  from $343M in 2017 to $559M in 2022.

In 2020, Canada exported services to Nigeria worth $245M, with Travel ($242M), Computer and information services ($2.24M), and Communications services ($746k) being the largest in terms of value.

Comparison: In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $1.17B to Canada. The main products exported from Nigeria to Canada were Crude Petroleum ($1.11B), Cocoa Beans ($29.4M), and Soybeans ($6.78M). During the last 5 years the exports of Nigeria to Canada have increased at an annualized rate of 10.3%, from $713M in 2017 to $1.17B in 2022.

In 2017, Canada exported $559M to Nigeria. The main products exported from Canada to Nigeria were Wheat ($203M), Potassic Fertilizers ($191M), and Cars ($76M). During the last 5 years the exports of Canada to Nigeria have increased at an annualized rate of 10.3%, from $343M in 2022 to $559M in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Canada (Flag)

Nigeria Exports

Canada Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Canada
Top DestinationUnited States$438B

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

In 2022, countries that imported more from Nigeria than Canada included Spain ($9.41B), India ($8.2B), and Cote d'Ivoire ($1.97B).

In 2022, countries that imported more from Canada than Nigeria included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Nigeria - Canada

Flow
Scale

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

During 2022, Nigeria had a large net trade with Canada in the exports of Mineral Products ($1.11B), Foodstuffs ($36.8M), and Vegetable Products ($16.1M).

During 2017, Canada had a large net trade with Nigeria in the exports of Vegetable Products ($204M), Chemical Products ($192M), and Transportation ($130M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Canada+$455MCrude Petroleum
Top Product Potential Canada Nigeria+$55.5MCars

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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Bilateral Service Trade

In 2020, Canada exported services to Nigeria worth $245M, with Travel ($242M), Computer and information services ($2.24M), and Communications services ($746k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Nigeria (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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