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2022
Flag → Flag
Exports $755kRnk 113 / 166
2022
Flag → Flag
Top Product $675kOther Oily Seeds
2022
Flag → Flag
Exports $53.8MRnk 58 / 171
2022
Flag → Flag
Top Product $31.1MAntiknock
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.19Rnk 75 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 186

About

Nigeria-Oman Trade: In 2022, Nigeria exported $755k to Oman. The main products that Nigeria exported to Oman were Other Oily Seeds ($675k), Spices ($43k), and Gas and Liquid Flow Measuring Instruments ($17.8k). Over the past 5 years the exports of Nigeria to Oman have increased at an annualized rate of 33.2%, from $180k in 2017 to $755k in 2022.

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

Oman-Nigeria Trade: In 2022, Oman exported $53.8M to Nigeria. The main products that Oman exported to Nigeria were Antiknock ($31.1M), Amino-resins ($7.37M), and Ethylene Polymers ($2.73M). Over the past 5 years the exports of Oman to Nigeria have increased at an annualized rate of 60.5%,  from $5.05M in 2017 to $53.8M in 2022.

In 2022, Oman 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, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $755k to Oman. The main products exported from Nigeria to Oman were Other Oily Seeds ($675k), Spices ($43k), and Gas and Liquid Flow Measuring Instruments ($17.8k). During the last 5 years the exports of Nigeria to Oman have increased at an annualized rate of 33.2%, from $180k in 2017 to $755k in 2022.

In 2017, Oman exported $53.8M to Nigeria. The main products exported from Oman to Nigeria were Antiknock ($31.1M), Amino-resins ($7.37M), and Ethylene Polymers ($2.73M). During the last 5 years the exports of Oman to Nigeria have increased at an annualized rate of 60.5%, from $5.05M in 2022 to $53.8M in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Oman (Flag)

Nigeria Exports

Oman Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Oman
Top DestinationChina$30.4B

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

In 2022, countries that imported more from Nigeria than Oman included Spain ($9.41B), France ($4.95B), and Netherlands ($4.23B).

In 2022, countries that imported more from Oman than Nigeria included China ($30.4B), South Korea ($4.64B), and United Arab Emirates ($3.13B).

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

Comparative Advantage Nigeria - Oman

Flow
Scale

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

During 2022, Nigeria had a large net trade with Oman in the exports of Vegetable Products ($718k), Instruments ($17.8k), and Machines ($11.3k).

During 2017, Oman had a large net trade with Nigeria in the exports of Chemical Products ($33.5M), Plastics and Rubbers ($12.6M), and Animal Products ($2.42M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Oman+$406kOther Oily Seeds
Top Product Potential Oman Nigeria+$4.13MRefined Petroleum

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

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

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