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2022
Flag → Flag
Exports $20.2MRnk 61 / 166
2022
Flag → Flag
Top Product $11MRolled Tobacco
2022
Flag → Flag
Exports $378kRnk 41 / 105
2022
Flag → Flag
Top Product $157kElectrical Power Accessories
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -2.2Rnk 132 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP GROWTH178%CURRENT US$
Rnk 4 / 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$1,532CURRENT US$
Rnk 157 / 186
2012-2022
Flag
GDP PC GROWTH116%CURRENT US$
Rnk 6 / 186

About

Nigeria-Guinea Trade: In 2022, Nigeria exported $20.2M to Guinea. The main products that Nigeria exported to Guinea were Rolled Tobacco ($11M), Metal Office Supplies ($7.34M), and Machinery Having Individual Functions ($600k). Over the past 5 years the exports of Nigeria to Guinea have increased at an annualized rate of 13.3%, from $10.8M in 2017 to $20.2M in 2022.

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

Guinea-Nigeria Trade: In 2022, Guinea exported $378k to Nigeria. The main products that Guinea exported to Nigeria were Electrical Power Accessories ($157k), Rubberworking Machinery ($151k), and Delivery Trucks ($19.1k). Over the past 5 years the exports of Guinea to Nigeria have decreased at an annualized rate of 41.6%,  from $5.59M in 2017 to $378k in 2022.

In 2022, Guinea 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, Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $20.2M to Guinea. The main products exported from Nigeria to Guinea were Rolled Tobacco ($11M), Metal Office Supplies ($7.34M), and Machinery Having Individual Functions ($600k). During the last 5 years the exports of Nigeria to Guinea have increased at an annualized rate of 13.3%, from $10.8M in 2017 to $20.2M in 2022.

In 2017, Guinea exported $378k to Nigeria. The main products exported from Guinea to Nigeria were Electrical Power Accessories ($157k), Rubberworking Machinery ($151k), and Delivery Trucks ($19.1k). During the last 5 years the exports of Guinea to Nigeria have decreased at an annualized rate of 41.6%, from $5.59M in 2022 to $378k in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Guinea (Flag)

Nigeria Exports

Date

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Guinea
Top DestinationChina$3.81B

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

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

In 2022, countries that imported more from Guinea than Nigeria included China ($3.81B), United Arab Emirates ($2.59B), and Ireland ($90.5M).

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

Comparative Advantage Nigeria - Guinea

Flow
Scale

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

During 2022, Nigeria had a large net trade with Guinea in the exports of Foodstuffs ($11.1M), Metals ($8.08M), and Machines ($600k).

During 2017, Guinea had a large net trade with Nigeria in the exports of Machines ($332k), Transportation ($27k), and Chemical Products ($15.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Guinea+$56.4kAluminium Cans
Top Product Potential Guinea Nigeria+$47.2kRubberworking Machinery

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 Guinea. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Guinea. Similarly, a dot/product with the flag of Guinea indicates it has a comparative advantage over Nigeria.

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

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