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2023
Flag → Flag
Exports $3.29MRnk 92 / 159
2023
Flag → Flag
Top Product $2.73MRolled Tobacco
2023
Flag → Flag
Exports $240kRnk 46 / 109
2023
Flag → Flag
Top Product $105kMill Machinery
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI -2.18Rnk 131 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$22.2BCURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP GROWTH165%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC $1,597CURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195
2023
Flag
GDP PC$1,541CURRENT US$
Rnk 166 / 196
2013-2023
Flag
GDP PC GROWTH106%CURRENT US$
Rnk 7 / 195

About

Nigeria-Guinea Trade: In 2023, Nigeria exported $3.29M to Guinea. The main products that Nigeria exported to Guinea were Rolled Tobacco ($2.73M), Fake Hair ($190k), and Hair Products ($105k). Over the past 5 years the exports of Nigeria to Guinea have decreased at an annualized rate of 21.5%, from $11.1M in 2018 to $3.29M in 2023.

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

Guinea-Nigeria Trade: In 2023, Guinea exported $240k to Nigeria. The main products that Guinea exported to Nigeria were Mill Machinery ($105k), Rubberworking Machinery ($102k), and Machinery Having Individual Functions ($18.6k). Over the past 5 years the exports of Guinea to Nigeria have decreased at an annualized rate of 51.9%,  from $9.37M in 2018 to $240k in 2023.

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

Comparison: In 2023,  Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). That same year, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $3.29M to Guinea. The main products exported from Nigeria to Guinea were Rolled Tobacco ($2.73M), Fake Hair ($190k), and Hair Products ($105k). During the last 5 years the exports of Nigeria to Guinea have decreased at an annualized rate of 21.5%, from $11.1M in 2018 to $3.29M in 2023.

In 2018, Guinea exported $240k to Nigeria. The main products exported from Guinea to Nigeria were Mill Machinery ($105k), Rubberworking Machinery ($102k), and Machinery Having Individual Functions ($18.6k). During the last 5 years the exports of Guinea to Nigeria have decreased at an annualized rate of 51.9%, from $9.37M in 2023 to $240k in 2018.

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

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

Latest Data

Trade between Nigeria (Flag) and Guinea (Flag)

Nigeria Exports

Date

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Guinea
Top DestinationUnited Arab Emirates$9.05B

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 2023, countries that imported more from Nigeria than Guinea included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

In 2023, countries that imported more from Guinea than Nigeria included United Arab Emirates ($9.05B), China ($6.41B), and Ireland ($99M).

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

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 2023, Nigeria had a large net trade with Guinea in the exports of Foodstuffs ($2.84M), Footwear and Headwear ($190k), and Chemical Products ($136k).

During 2018, Guinea had a large net trade with Nigeria in the exports of Machines ($239k), Transportation ($989), and Textiles ($311).

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) (2023)

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