Flag Nigeria / Equatorial Guinea Flag

2019
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Exports
: $33.1M, Rnk 57 / 151

2019
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Top Product
: $33M, Special Purpose Ships

2019
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Exports
: $45.8M, Rnk 14 / 62

2019
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Top Product
: $31.5M, Petroleum Gas

2019
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Economic Complexity (ECI)
: ECI -1.55, Rnk 150 / 157

2019
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Economic Complexity (ECI)
: ECI -2.03, Rnk 155 / 157

2019
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GDP
: $448B, CURRENT US$
Rnk 25 / 187

2009-2019
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GDP GROWTH
: 53.5%, CURRENT US$
Rnk 87 / 187

2019
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 GDP
: $11B, CURRENT US$
Rnk 140 / 187

2009-2019
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GDP GROWTH
: -26.6%, CURRENT US$
Rnk 185 / 187

2019
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GDP PC 
: $2,230, CURRENT US$
Rnk 140 / 187

2009-2019
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GDP PC GROWTH
: 17.9%, CURRENT US$
Rnk 120 / 187

2019
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GDP PC 
: $8,132, CURRENT US$
Rnk 81 / 187

2009-2019
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GDP PC GROWTH
: -51.2%, CURRENT US$
Rnk 186 / 187

Nigeria-Equatorial Guinea: In 2019, Nigeria exported $33.1M to Equatorial Guinea. The main products that Nigeria exported to Equatorial Guinea are Special Purpose Ships ($33M), Rolled Tobacco ($78.7k), and Beer ($57.2k). During the last 19 years the exports of Nigeria to Equatorial Guinea have increased at an annualized rate of 9.73%, from $5.66M in 2000 to $33.1M in 2019.

In 2019, Nigeria did not exported services to Equatorial Guinea.

Equatorial Guinea-Nigeria: In 2019, Equatorial Guinea exported $45.8M to Nigeria . The main products that Equatorial Guinea exported to Nigeria were Petroleum Gas ($31.5M), Acyclic Alcohols ($10.9M), and Refined Petroleum ($3.32M). During the last 19 years the exports of Equatorial Guinea to Nigeria have increased at an annualized rate of 50%, from $20.8k in 2000 to $45.8M in 2019.

In 2019, Equatorial Guinea did not exported services to Nigeria.

Comparison: In 2019,  Nigeria ranked 150 in the Economic Complexity Index (ECI -1.55), and 47 in total exports ($63.8B). That same year, Equatorial Guinea ranked 155 in the Economic Complexity Index (ECI -2.03), and 118 in total exports ($4.49B).

Bilateral Trade by Products

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Depth
Value

In 2019, Nigeria exported $33.1M to Equatorial Guinea. The main products exported from Nigeria to Equatorial Guinea were Special Purpose Ships ($33M), Rolled Tobacco ($78.7k), and Beer ($57.2k). During the last 19 years the exports of Nigeria to Equatorial Guinea have increased at an annualized rate of 9.73%, from $5.66M in 2000 to $33.1M in 2019.

In 2019, Equatorial Guinea exported $45.8M to Nigeria. The main products exported from Equatorial Guinea to Nigeria were Petroleum Gas ($31.5M), Acyclic Alcohols ($10.9M), and Refined Petroleum ($3.32M). During the last 22 years the exports of Equatorial Guinea to Nigeria have increased at an annualized rate of 50%, from $20.8k in 1997 to $45.8M in 2019.

Market Competitiveness

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Measure

Nigeria
Top Destination
: India, $10.5B

Equatorial Guinea
Top Destination
: China, $1.52B

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 ($10.5B), Spain ($6.32B), and United States ($4.68B).

In 2019, countries that imported more from Equatorial Guinea than Nigeria were Chile ($41.7M), Cape Verde ($1.3M), and Paraguay ($113k).

Comparative Advantage Nigeria - Equatorial Guinea

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Depth

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

During 2019, Nigeria had a large net trade with Equatorial Guinea in the exports of Transportation ($33M) and Foodstuffs ($136k).

During 2019, Equatorial Guinea had a large net trade with Nigeria in the exports of Mineral Products ($34.8M), Chemical Products ($10.9M), and Machines ($17.5k).

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 red.  This mean that the more blue a dot/product is, the more Nigeria has comparative advantage over Equatorial Guinea. Similarly, the more red a dot/product is, the more Equatorial Guinea has comparative advantage over Nigeria.