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2023
Flag → Flag
Exports $4.76BRnk 3 / 159
2023
Flag → Flag
Top Product $4.38BCrude Petroleum
2023
Flag → Flag
Exports $687MRnk 67 / 219
2023
Flag → Flag
Top Product $195MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
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Economic Complexity (ECI) ECI 1.34Rnk 16 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
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GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
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 GDP$3.05TCURRENT US$
Rnk 7 / 195
2013-2023
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GDP GROWTH8.37%CURRENT US$
Rnk 159 / 195
2023
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GDP PC $1,597CURRENT US$
Rnk 164 / 195
2013-2023
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GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195
2023
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GDP PC$44,691CURRENT US$
Rnk 30 / 196
2013-2023
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GDP PC GROWTH4.74%CURRENT US$
Rnk 146 / 195

About

Nigeria-France Trade: In 2023, Nigeria exported $4.76B to France. The main products that Nigeria exported to France were Crude Petroleum ($4.38B), Petroleum Gas ($271M), and Soybean Meal ($71M). Over the past 5 years the exports of Nigeria to France have increased at an annualized rate of 1.44%, from $4.44B in 2018 to $4.76B in 2023.

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

France-Nigeria Trade: In 2023, France exported $687M to Nigeria. The main products that France exported to Nigeria were Refined Petroleum ($195M), Wheat ($42.2M), and Hard Liquor ($25.7M). Over the past 5 years the exports of France to Nigeria have decreased at an annualized rate of 2.44%,  from $778M in 2018 to $687M in 2023.

In 2020, France exported services to Nigeria worth $378M, with Other business services ($271M), Transportation ($49.1M), and Financial services ($38.8M) being the largest in terms of value.

Comparison: In 2023,  Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). That same year, France ranked 16 in the Economic Complexity Index (ECI 1.34), and 7 in total exports ($635B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $4.76B to France. The main products exported from Nigeria to France were Crude Petroleum ($4.38B), Petroleum Gas ($271M), and Soybean Meal ($71M). During the last 5 years the exports of Nigeria to France have increased at an annualized rate of 1.44%, from $4.44B in 2018 to $4.76B in 2023.

In 2018, France exported $687M to Nigeria. The main products exported from France to Nigeria were Refined Petroleum ($195M), Wheat ($42.2M), and Hard Liquor ($25.7M). During the last 5 years the exports of France to Nigeria have decreased at an annualized rate of 2.44%, from $778M in 2023 to $687M in 2018.

Exports from Nigeria (Flag) to France (Flag) (2023)

Exports from France (Flag) to Nigeria (Flag) (2023)

Latest Data

Trade between Nigeria (Flag) and France (Flag)

Nigeria Exports

France Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
France
Top DestinationGermany$72.8B

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

In 2023, countries that imported more from Nigeria than France included Indonesia ($3.44B), Cote d'Ivoire ($2.4B), and South Africa ($2.37B).

In 2023, countries that imported more from France than Nigeria included Germany ($72.8B), Italy ($56.3B), and Belgium ($49.2B).

Difference in imports from France (Flag) and Nigeria (Flag) (2023)

Comparative Advantage Nigeria - France

Flow
Scale

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

During 2023, Nigeria had a large net trade with France in the exports of Mineral Products ($4.65B), Foodstuffs ($73.4M), and Chemical Products ($18.7M).

During 2018, France had a large net trade with Nigeria in the exports of Mineral Products ($196M), Chemical Products ($114M), and Machines ($112M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria France+$1.3BPetroleum Gas
Top Product Potential France Nigeria+$92.9MRefined 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.

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Bilateral Service Trade

In 2020, France exported services to Nigeria worth $378M, with Other business services ($271M), Transportation ($49.1M), and Financial services ($38.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from France (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 France. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over France. Similarly, a dot/product with the flag of France indicates it has a comparative advantage over Nigeria.

Product Space of Nigeria (Flag) and France (Flag) (2023)

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