Flag Nigeria / Equatorial Guinea Flag

2020
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Exports
: $376M, Rnk 27 / 157

2020
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Top Product
: $264M, Vessels and other floating structures; for breaking up

2020
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Exports
: $6.46M, Rnk 16 / 64

2020
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Top Product
: $4.3M, Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives

2020
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Economic Complexity (ECI)
: ECI -1.65, Rnk 125 / 127

2020
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GDP
: $432B, CURRENT US$
Rnk 26 / 195

2010-2020
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GDP GROWTH
: 19.6%, CURRENT US$
Rnk 117 / 195

2020
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 GDP
: $10B, CURRENT US$
Rnk 143 / 195

2010-2020
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GDP GROWTH
: -38.6%, CURRENT US$
Rnk 192 / 195

2020
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GDP PC 
: $2,097, CURRENT US$
Rnk 148 / 195

2010-2020
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GDP PC GROWTH
: -8.04%, CURRENT US$
Rnk 156 / 195

2020
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GDP PC
: $7,143, CURRENT US$
Rnk 86 / 195

2010-2020
Flag
GDP PC GROWTH
: -58.7%, CURRENT US$
Rnk 192 / 195

Nigeria-Equatorial Guinea In 2020, Nigeria exported $376M to Equatorial Guinea. The main products that Nigeria exported to Equatorial Guinea are Vessels and other floating structures; for breaking up ($264M), Light-vessels, fire-floats, dredgers, floating cranes, other vessels; the navigability of which is subsidiary to main function; floating docks, floating, submersible drilling, production platforms ($89.7M), and Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods ($19.4M). During the last 20 years the exports of Nigeria to Equatorial Guinea have increased at an annualized rate of 23.3%, from $5.66M in 2000 to $376M in 2020.

In 2020, Nigeria did not export any services to Equatorial Guinea.

Equatorial Guinea-Nigeria In 2020, Equatorial Guinea exported $6.46M to Nigeria . The main products that Equatorial Guinea exported to Nigeria were Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives ($4.3M), Petroleum gases and other gaseous hydrocarbons ($1.62M), and Wine of fresh grapes, including fortified wines; grape must other than that of heading no. 2009 ($387k). During the last 20 years the exports of Equatorial Guinea to Nigeria have increased at an annualized rate of 33.2%, from $20.8k in 2000 to $6.46M in 2020.

In 2020, Equatorial Guinea did not export any services to Nigeria.

Comparison In 2020,  Nigeria ranked 125 in the Economic Complexity Index (ECI -1.65),  and 50 in total exports ($42.4B). That same year, Equatorial Guinea ranked 132 in total exports ($2.65B), and does not have data regarding Economic Complexity Index.

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2020, Nigeria exported $376M to Equatorial Guinea. The main products exported from Nigeria to Equatorial Guinea were Vessels and other floating structures; for breaking up ($264M), Light-vessels, fire-floats, dredgers, floating cranes, other vessels; the navigability of which is subsidiary to main function; floating docks, floating, submersible drilling, production platforms ($89.7M), and Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods ($19.4M). During the last 20 years the exports of Nigeria to Equatorial Guinea have increased at an annualized rate of 23.3%, from $5.66M in 2000 to $376M in 2020.

In 2020, Equatorial Guinea exported $6.46M to Nigeria. The main products exported from Equatorial Guinea to Nigeria were Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives ($4.3M), Petroleum gases and other gaseous hydrocarbons ($1.62M), and Wine of fresh grapes, including fortified wines; grape must other than that of heading no. 2009 ($387k). During the last 23 years the exports of Equatorial Guinea to Nigeria have increased at an annualized rate of 33.2%, from $20.8k in 1997 to $6.46M in 2020.

Nigeria Exports

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Market Competitiveness

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Measure

Nigeria
Top Destination
: India, $6.27B

Equatorial Guinea
Top Destination
: China, $1.01B

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 2019, countries that imported more from Nigeria than Equatorial Guinea were India ($6.27B), Spain ($4.8B), and Netherlands ($2.24B).

In 2019, countries that imported more from Equatorial Guinea than Nigeria were Chile ($84.3M) and Cape Verde ($61k).

Comparative Advantage Nigeria - Equatorial Guinea

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Flow

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

During 2020, Nigeria had a large net trade with Equatorial Guinea in the exports of Transportation ($373M), Foodstuffs ($1.14M), and Machines ($1.12M).

During 2020, Equatorial Guinea had a large net trade with Nigeria in the exports of Chemical Products ($4.3M), Mineral Products ($1.62M), and Foodstuffs ($387k).

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Nigeria has comparative advantage over Equatorial Guinea. Similarly, the more yellow a dot/product is, the more Equatorial Guinea has comparative advantage over Nigeria.