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2020
Flag → Flag
Exports $289kRnk 95 / 0
2020
Flag → Flag
Exports $303kRnk 93 / 130
2020
Flag → Flag
Top Product $205kCranes
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.084Rnk 58 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH-19.1%CURRENT US$
Rnk 189 / 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$4,466CURRENT US$
Rnk 125 / 196
2013-2023
Flag
GDP PC GROWTH-28.2%CURRENT US$
Rnk 186 / 195

About

Nigeria-Iran Trade: In 2020, Nigeria exported $289k to Iran. The main products that Nigeria exported to Iran were N/A. Over the past 5 years the exports of Nigeria to Iran have increased at an annualized rate of 45.3%, from $44.6k in 2015 to $289k in 2020.

In 2020, Nigeria did not export any services to Iran.

Iran-Nigeria Trade: In 2020, Iran exported $303k to Nigeria. The main products that Iran exported to Nigeria were Cranes ($205k), Vinyl Chloride Polymers ($59.8k), and Boat Propellers ($9.87k). Over the past 5 years the exports of Iran to Nigeria have decreased at an annualized rate of 42.5%,  from $4.83M in 2015 to $303k in 2020.

In 2020, Iran 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, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2020, Nigeria exported $289k to Iran. There were not main exports from Nigeria to Iran in 2020. During the last 5 years the exports of Nigeria to Iran have increased at an annualized rate of 45.3%, from $44.6k in 2015 to $289k in 2020.

In 2018, Iran exported $303k to Nigeria. The main products exported from Iran to Nigeria were Cranes ($205k), Vinyl Chloride Polymers ($59.8k), and Boat Propellers ($9.87k). During the last 5 years the exports of Iran to Nigeria have decreased at an annualized rate of 42.5%, from $4.83M in 2023 to $303k in 2018.

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

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

Latest Data

Trade between Nigeria (Flag) and Iran (Flag)

Nigeria Exports

Date

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Iran
Top DestinationChina$4.59B

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

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

In 2023, countries that imported more from Iran than Nigeria included China ($4.59B), Turkey ($2.18B), and Pakistan ($943M).

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

Comparative Advantage Nigeria - Iran

Flow
Scale

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

During 2020, Nigeria had a large net trade with Iran in the exports of .

During 2018, Iran had a large net trade with Nigeria in the exports of Machines ($220k), Plastics and Rubbers ($59.8k), and Textiles ($10.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Iran+$4.04kRefined Petroleum
Top Product Potential Iran Nigeria+$307kNon-fillet Frozen Fish

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

Product Space of Nigeria (Flag) and Iran (Flag) (2023)

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