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Pricing

2022
Flag → Flag
Exports $1.52MRnk 99 / 166
2022
Flag → Flag
Top Product $1.02MFloat Glass
2022
Flag → Flag
Exports $1.02MRnk 116 / 170
2022
Flag → Flag
Top Product $842kNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 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$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Nigeria-Ecuador Trade: In 2022, Nigeria exported $1.52M to Ecuador. The main products that Nigeria exported to Ecuador were Float Glass ($1.02M), Prepared Pigments ($234k), and Perfume Plants ($122k). Over the past 5 years the exports of Nigeria to Ecuador have decreased at an annualized rate of 43.1%, from $25.6M in 2017 to $1.52M in 2022.

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

Ecuador-Nigeria Trade: In 2022, Ecuador exported $1.02M to Nigeria. The main products that Ecuador exported to Nigeria were Non-fillet Frozen Fish ($842k), Cut Flowers ($99.7k), and Machinery Having Individual Functions ($39k). Over the past 5 years the exports of Ecuador to Nigeria have decreased at an annualized rate of 4.16%,  from $1.84M in 2017 to $1.02M in 2022.

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

Comparison: In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $1.52M to Ecuador. The main products exported from Nigeria to Ecuador were Float Glass ($1.02M), Prepared Pigments ($234k), and Perfume Plants ($122k). During the last 5 years the exports of Nigeria to Ecuador have decreased at an annualized rate of 43.1%, from $25.6M in 2017 to $1.52M in 2022.

In 2017, Ecuador exported $1.02M to Nigeria. The main products exported from Ecuador to Nigeria were Non-fillet Frozen Fish ($842k), Cut Flowers ($99.7k), and Machinery Having Individual Functions ($39k). During the last 5 years the exports of Ecuador to Nigeria have decreased at an annualized rate of 4.16%, from $1.84M in 2022 to $1.02M in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Ecuador (Flag)

Ecuador Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Nigeria than Ecuador included Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2022, countries that imported more from Ecuador than Nigeria included United States ($9.86B), Panama ($4.97B), and China ($6.17B).

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

Comparative Advantage Nigeria - Ecuador

Flow
Scale

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

During 2022, Nigeria had a large net trade with Ecuador in the exports of Stone And Glass ($1.02M), Chemical Products ($234k), and Vegetable Products ($173k).

During 2017, Ecuador had a large net trade with Nigeria in the exports of Animal Products ($842k), Vegetable Products ($99.7k), and Machines ($40.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Ecuador+$82.6kFloat Glass
Top Product Potential Ecuador Nigeria+$748kNon-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

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

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

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