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Pricing

2022
Flag → Flag
Exports $117MRnk 46 / 166
2022
Flag → Flag
Top Product $116MSpecial Purpose Ships
2022
Flag → Flag
Exports $12.1MRnk 22 / 63
2022
Flag → Flag
Top Product $7.81MAcyclic Alcohols
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$11.8BCURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP GROWTH-47.2%CURRENT US$
Rnk 184 / 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$7,053CURRENT US$
Rnk 90 / 186
2012-2022
Flag
GDP PC GROWTH-62.4%CURRENT US$
Rnk 186 / 186

About

Nigeria-Equatorial Guinea Trade: In 2022, Nigeria exported $117M to Equatorial Guinea. The main products that Nigeria exported to Equatorial Guinea were Special Purpose Ships ($116M), Scrap Vessels ($1.2M), and Flavored Water ($66.3k). Over the past 5 years the exports of Nigeria to Equatorial Guinea have increased at an annualized rate of 310%, from $101k in 2017 to $117M in 2022.

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

Equatorial Guinea-Nigeria Trade: In 2022, Equatorial Guinea exported $12.1M to Nigeria. The main products that Equatorial Guinea exported to Nigeria were Acyclic Alcohols ($7.81M), Petroleum Gas ($3.89M), and Machinery Having Individual Functions ($192k). Over the past 5 years the exports of Equatorial Guinea to Nigeria have increased at an annualized rate of 77.1%,  from $692k in 2017 to $12.1M in 2022.

In 2022, Equatorial 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, Equatorial Guinea ranked 108 in total exports ($8.63B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $117M to Equatorial Guinea. The main products exported from Nigeria to Equatorial Guinea were Special Purpose Ships ($116M), Scrap Vessels ($1.2M), and Flavored Water ($66.3k). During the last 5 years the exports of Nigeria to Equatorial Guinea have increased at an annualized rate of 310%, from $101k in 2017 to $117M in 2022.

In 2017, Equatorial Guinea exported $12.1M to Nigeria. The main products exported from Equatorial Guinea to Nigeria were Acyclic Alcohols ($7.81M), Petroleum Gas ($3.89M), and Machinery Having Individual Functions ($192k). During the last 5 years the exports of Equatorial Guinea to Nigeria have increased at an annualized rate of 77.1%, from $692k in 2022 to $12.1M in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Equatorial Guinea (Flag)

Nigeria Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Equatorial Guinea
Top DestinationZambia$1.84B

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

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

In 2022, countries that imported more from Equatorial Guinea than Nigeria included Zambia ($1.84B), Chile ($413M), and Argentina ($170M).

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

Comparative Advantage Nigeria - Equatorial Guinea

Flow
Scale

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

During 2022, Nigeria had a large net trade with Equatorial Guinea in the exports of Transportation ($117M) and Foodstuffs ($66.3k).

During 2017, Equatorial Guinea had a large net trade with Nigeria in the exports of Chemical Products ($7.84M), Mineral Products ($3.89M), and Machines ($193k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Equatorial Guinea+$42.7kFlavored Water
Top Product Potential Equatorial Guinea Nigeria+$5.55MPetroleum Gas

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

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

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