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Pricing

2022
Flag → Flag
Exports $289kRnk 126 / 166
2022
Flag → Flag
Top Product $226kPassenger and Cargo Ships
2022
Flag → Flag
Exports $14.9MRnk 42 / 153
2022
Flag → Flag
Top Product $4.52MPassenger and Cargo Ships
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 119 / 124
2022
Flag
Economic Complexity (ECI) ECI 0.19Rnk 51 / 124
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH89.3%CURRENT US$
Rnk 19 / 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$17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186

About

Nigeria-Panama In 2022, Nigeria exported $289k to Panama. The main products that Nigeria exported to Panama are Passenger and Cargo Ships ($226k), Float Glass ($38.7k), and Plastic Housewares ($23.5k). During the last 23 years the exports of Nigeria to Panama have decreased at an annualized rate of 6.47%, from $1.35M in 1999 to $289k in 2022.

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

Panama-Nigeria In 2022, Panama exported $14.9M to Nigeria. The main products that Panama exported to Nigeria were Passenger and Cargo Ships ($4.52M), Cars ($4.4M), and Buses ($1.58M). During the last 23 years the exports of Panama to Nigeria have increased at an annualized rate of 19.2%, from $262k in 1999 to $14.9M in 2022.

In 2022, Panama 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, Panama ranked 51 in the Economic Complexity Index (ECI 0.19), and 119 in total exports ($6.62B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $289k to Panama. The main products exported from Nigeria to Panama were Passenger and Cargo Ships ($226k), Float Glass ($38.7k), and Plastic Housewares ($23.5k). During the last 23 years the exports of Nigeria to Panama have decreased at an annualized rate of 6.47%, from $1.35M in 1999 to $289k in 2022.

In 2022, Panama exported $14.9M to Nigeria. The main products exported from Panama to Nigeria were Passenger and Cargo Ships ($4.52M), Cars ($4.4M), and Buses ($1.58M). During the last 25 years the exports of Panama to Nigeria have increased at an annualized rate of 19.2%, from $262k in 1997 to $14.9M in 2022.

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

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

Latest Data

Trade between Nigeria (Flag) and Panama (Flag)

Nigeria Exports

Panama Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Panama
Top DestinationChina$1.14B

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

In 2021, countries that imported more from Nigeria than Panama were Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2021, countries that imported more from Panama than Nigeria were Costa Rica ($242M), Bulgaria ($176M), and Guatemala ($148M).

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

Comparative Advantage Nigeria - Panama

Flow
Scale

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

During 2022, Nigeria had a large net trade with Panama in the exports of Transportation ($226k), Stone And Glass ($38.7k), and Plastics and Rubbers ($23.5k).

During 2022, Panama had a large net trade with Nigeria in the exports of Transportation ($12M), Machines ($1.96M), and Instruments ($620k).

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

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

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