Nigeria (NGA) and Mexico (MEX) Trade | The Observatory of Economic Complexity

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Nigeria-Mexico Trade: In 2022, Nigeria exported $131M to Mexico. The main products that Nigeria exported to Mexico were Nitrogenous Fertilizers ($116M), Cut Flowers ($7.35M), and Perfume Plants ($4.45M). Over the past 5 years the exports of Nigeria to Mexico have decreased at an annualized rate of 5.89%, from $178M in 2017 to $131M in 2022.

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

Mexico-Nigeria Trade: In 2022, Mexico exported $117M to Nigeria. The main products that Mexico exported to Nigeria were Malt Extract ($27M), Wheat ($21M), and Iron Pipes ($16.1M). Over the past 5 years the exports of Mexico to Nigeria have increased at an annualized rate of 35.3%, from $25.8M in 2017 to $117M in 2022.

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

Comparison: In 2022, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nigeria exported $131M to Mexico. The main products exported from Nigeria to Mexico were Nitrogenous Fertilizers ($116M), Cut Flowers ($7.35M), and Perfume Plants ($4.45M). During the last 5 years the exports of Nigeria to Mexico have decreased at an annualized rate of 5.89%, from $178M in 2017 to $131M in 2022.

In 2017, Mexico exported $117M to Nigeria. The main products exported from Mexico to Nigeria were Malt Extract ($27M), Wheat ($21M), and Iron Pipes ($16.1M). During the last 5 years the exports of Mexico to Nigeria have increased at an annualized rate of 35.3%, from $25.8M in 2022 to $117M in 2017.

Exports from Nigeria () to Mexico () (2022)

Exports from Mexico () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Mexico ()

Nigeria Exports

Date

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationSpain$9.41B

Mexico
Top DestinationUnited States$421B

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

In 2022, countries that imported more from Nigeria than Mexico included Spain ($9.41B), India ($8.2B), and Indonesia ($3.83B).

In 2022, countries that imported more from Mexico than Nigeria included United States ($421B), Canada ($22.2B), and China ($12.7B).

Difference in imports from Mexico () and Nigeria () (2022)

Comparative Advantage Nigeria - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nigeria had a large net trade with Mexico in the exports of Chemical Products ($117M), Vegetable Products ($13.6M), and Metals ($385k).

During 2017, Mexico had a large net trade with Nigeria in the exports of Machines ($37.4M), Foodstuffs ($29.4M), and Vegetable Products ($21M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nigeria Mexico+$14.4MNitrogenous Fertilizers

Top Product Potential Mexico Nigeria+$19.6MTelephones

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

Year

This visualization shows the product space at the HS4 level with the flags of Nigeria and Mexico. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Mexico. Similarly, a dot/product with the flag of Mexico indicates it has a comparative advantage over Nigeria.

About

Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Mexico () (2022)

Exports from Mexico () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Mexico ()

Nigeria Exports

Mexico Exports

Market Competitiveness

Difference in imports from Mexico () and Nigeria () (2022)

Comparative Advantage Nigeria - Mexico

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Nigeria () and Mexico () (2022)

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