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Pricing

2022
Flag → Flag
Exports $2.06BRnk 9 / 166
2022
Flag → Flag
Top Product $1.33BCrude Petroleum
2022
Flag → Flag
Exports $1.87BRnk 38 / 224
2022
Flag → Flag
Top Product $923MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Nigeria-United Kingdom Trade: In 2022, Nigeria exported $2.06B to United Kingdom. The main products that Nigeria exported to United Kingdom were Crude Petroleum ($1.33B), Refined Petroleum ($446M), and Petroleum Gas ($210M). Over the past 5 years the exports of Nigeria to United Kingdom have increased at an annualized rate of 4.51%, from $1.65B in 2017 to $2.06B in 2022.

In 2022, Nigeria did not export any services to United Kingdom.

United Kingdom-Nigeria Trade: In 2022, United Kingdom exported $1.87B to Nigeria. The main products that United Kingdom exported to Nigeria were Refined Petroleum ($923M), Light Pure Woven Cotton ($60.9M), and Acyclic Alcohols ($48.2M). Over the past 5 years the exports of United Kingdom to Nigeria have increased at an annualized rate of 4.07%,  from $1.53B in 2017 to $1.87B in 2022.

In 2022, United Kingdom 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $2.06B to United Kingdom. The main products exported from Nigeria to United Kingdom were Crude Petroleum ($1.33B), Refined Petroleum ($446M), and Petroleum Gas ($210M). During the last 5 years the exports of Nigeria to United Kingdom have increased at an annualized rate of 4.51%, from $1.65B in 2017 to $2.06B in 2022.

In 2017, United Kingdom exported $1.87B to Nigeria. The main products exported from United Kingdom to Nigeria were Refined Petroleum ($923M), Light Pure Woven Cotton ($60.9M), and Acyclic Alcohols ($48.2M). During the last 5 years the exports of United Kingdom to Nigeria have increased at an annualized rate of 4.07%, from $1.53B in 2022 to $1.87B in 2017.

Exports from Nigeria (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Nigeria (Flag) (2022)

Latest Data

Trade between Nigeria (Flag) and United Kingdom (Flag)

Nigeria Exports

United Kingdom Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Nigeria than United Kingdom included Indonesia ($3.83B), India ($8.2B), and Cote d'Ivoire ($1.97B).

In 2022, countries that imported more from United Kingdom than Nigeria included United States ($61.8B), Germany ($40.6B), and Netherlands ($41.9B).

Difference in imports from United Kingdom (Flag) and Nigeria (Flag) (2022)

Comparative Advantage Nigeria - United Kingdom

Flow
Scale

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

During 2022, Nigeria had a large net trade with United Kingdom in the exports of Mineral Products ($1.99B), Metals ($14.2M), and Foodstuffs ($14.2M).

During 2017, United Kingdom had a large net trade with Nigeria in the exports of Mineral Products ($925M), Machines ($254M), and Chemical Products ($184M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria United Kingdom+$1.09BCrude Petroleum
Top Product Potential United Kingdom Nigeria+$127MRefined 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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Economic Complexity

Competitive Landscape

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

Product Space of Nigeria (Flag) and United Kingdom (Flag) (2022)

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