2022
Flag  
GDP
$477BCURRENT US$
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2012-2022
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GDP GROWTH
2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP
$185BCURRENT US$
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2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
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2022
Flag
GDP PC 
$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH
-19.9%CURRENT US$
Rnk 173 / 186
2022
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GDP PC
$43,233CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
-15.7%CURRENT US$
Rnk 166 / 186

About

Nigeria-Kuwait In 2022, Nigeria exported $491M to Kuwait. The main products that Nigeria exported to Kuwait are Petroleum Gas ($477M), Wood Charcoal ($10.8M), and Coconuts, Brazil Nuts, and Cashews ($1.95M). During the last 26 years the exports of Nigeria to Kuwait have increased at an annualized rate of 43.1%, from $44k in 1996 to $491M in 2022.

In 2022, Nigeria did not export any services to Kuwait.

Kuwait-Nigeria In 2022, Kuwait exported $98.6M to Nigeria. The main products that Kuwait exported to Nigeria were Cars ($55.6M), Refined Petroleum ($26.1M), and Buses ($8.32M). During the last 26 years the exports of Kuwait to Nigeria have increased at an annualized rate of 38.5%, from $20.8k in 1996 to $98.6M in 2022.

In 2022, Kuwait did not export any services to Nigeria.

Comparison In 2022,  Nigeria ranked 119 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.16), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $491M to Kuwait. The main products exported from Nigeria to Kuwait were Petroleum Gas ($477M), Wood Charcoal ($10.8M), and Coconuts, Brazil Nuts, and Cashews ($1.95M). During the last 26 years the exports of Nigeria to Kuwait have increased at an annualized rate of 43.1%, from $44k in 1996 to $491M in 2022.

In 2022, Kuwait exported $98.6M to Nigeria. The main products exported from Kuwait to Nigeria were Cars ($55.6M), Refined Petroleum ($26.1M), and Buses ($8.32M). During the last 26 years the exports of Kuwait to Nigeria have increased at an annualized rate of 38.5%, from $20.8k in 1996 to $98.6M in 2022.

Exports from Nigeria (Flag) to Kuwait (Flag) (2022)

Exports from Kuwait (Flag) to Nigeria (Flag) (2022)

Latest Data

Trade between Nigeria (Flag) and Kuwait (Flag)

Nigeria Exports

Kuwait Exports

Market Competitiveness

Color
Nigeria
Top Destination
Spain$9.41B
Kuwait
Top Destination
China$24.3B

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

In 2021, countries that imported more from Nigeria than Kuwait were Spain ($9.41B), Netherlands ($4.23B), and Indonesia ($3.83B).

In 2021, countries that imported more from Kuwait than Nigeria were China ($24.3B), South Korea ($10.8B), and Japan ($8.64B).

Difference in imports from Kuwait (Flag) and Nigeria (Flag) (2022)

Comparative Advantage Nigeria - Kuwait

Flow
Scale

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

During 2022, Nigeria had a large net trade with Kuwait in the exports of Mineral Products ($477M), Wood Products ($10.9M), and Vegetable Products ($2.38M).

During 2022, Kuwait had a large net trade with Nigeria in the exports of Transportation ($67.1M), Mineral Products ($26.1M), and Machines ($4.44M).

Economic Complexity

Competitive Landscape

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 Kuwait. Similarly, the more yellow a dot/product is, the more Kuwait has comparative advantage over Nigeria.

Product Space of Nigeria (Flag) and Kuwait (Flag) (2022)

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