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2022
Flag → Flag
Exports $4.95BRnk 3 / 166
2022
Flag → Flag
Top Product $4.18BCrude Petroleum
2022
Flag → Flag
Exports $654MRnk 69 / 219
2022
Flag → Flag
Top Product $73.6MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.3Rnk 16 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$2.78TCURRENT US$
Rnk 7 / 186
2012-2022
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GDP GROWTH3.7%CURRENT US$
Rnk 157 / 186
2022
Flag
GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
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GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$40,964CURRENT US$
Rnk 26 / 186
2012-2022
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GDP PC GROWTH0.23%CURRENT US$
Rnk 137 / 186

About

Nigeria-France Trade: In 2022, Nigeria exported $4.95B to France. The main products that Nigeria exported to France were Crude Petroleum ($4.18B), Petroleum Gas ($598M), and Soybean Meal ($78.7M). Over the past 5 years the exports of Nigeria to France have increased at an annualized rate of 11.8%, from $2.83B in 2017 to $4.95B in 2022.

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

France-Nigeria Trade: In 2022, France exported $654M to Nigeria. The main products that France exported to Nigeria were Refined Petroleum ($73.6M), Vaccines, blood, antisera, toxins and cultures ($55.4M), and Hard Liquor ($49.2M). Over the past 5 years the exports of France to Nigeria have decreased at an annualized rate of 12.5%,  from $1.28B in 2017 to $654M in 2022.

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 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, France ranked 16 in the Economic Complexity Index (ECI 1.3), and 8 in total exports ($608B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $4.95B to France. The main products exported from Nigeria to France were Crude Petroleum ($4.18B), Petroleum Gas ($598M), and Soybean Meal ($78.7M). During the last 5 years the exports of Nigeria to France have increased at an annualized rate of 11.8%, from $2.83B in 2017 to $4.95B in 2022.

In 2017, France exported $654M to Nigeria. The main products exported from France to Nigeria were Refined Petroleum ($73.6M), Vaccines, blood, antisera, toxins and cultures ($55.4M), and Hard Liquor ($49.2M). During the last 5 years the exports of France to Nigeria have decreased at an annualized rate of 12.5%, from $1.28B in 2022 to $654M in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and France (Flag)

Nigeria Exports

France Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
France
Top DestinationGermany$78.3B

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 2022, countries that imported more from Nigeria than France included Indonesia ($3.83B), India ($8.2B), and Gibraltar ($1.15B).

In 2022, countries that imported more from France than Nigeria included Germany ($78.3B), Italy ($56.4B), and Belgium ($47.8B).

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

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 2022, Nigeria had a large net trade with France in the exports of Mineral Products ($4.77B), Foodstuffs ($79.3M), and Chemical Products ($44.7M).

During 2017, France had a large net trade with Nigeria in the exports of Chemical Products ($157M), Foodstuffs ($133M), and Machines ($119M).

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) (2022)

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