Nigeria-Iceland Trade: In 2022, Nigeria exported $23.9k to Iceland. The main products that Nigeria exported to Iceland were Sawn Wood ($7.72k), Fake Hair ($2.27k), and Beauty Products ($2.24k). Over the past 5 years the exports of Nigeria to Iceland have decreased at an annualized rate of 63.8%, from $3.85M in 2017 to $23.9k in 2022.
In 2022, Nigeria did not export any services to Iceland.
Iceland-Nigeria Trade: In 2022, Iceland exported $69.3M to Nigeria. The main products that Iceland exported to Nigeria were Dried/Salted/Smoked/Brined Fish ($66.8M), Animal Food ($788k), and Other Inedible Animal Products ($497k). Over the past 5 years the exports of Iceland to Nigeria have increased at an annualized rate of 5.7%, from $52.5M in 2017 to $69.3M in 2022.
In 2019, Iceland exported services to Nigeria worth $112k, with Travel ($112k) being the largest in terms of value.
Comparison In 2022, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.