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2022
Flag → Flag
Exports $291MRnk 35 / 166
2022
Flag → Flag
Top Product $282MCrude Petroleum
2022
Flag → Flag
Exports $6.72MRnk 83 / 180
2022
Flag → Flag
Top Product $4.63MNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.6Rnk 93 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$243BCURRENT US$
Rnk 51 / 186
2012-2022
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 106 / 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$7,126CURRENT US$
Rnk 89 / 186
2012-2022
Flag
GDP PC GROWTH10%CURRENT US$
Rnk 116 / 186

About

Nigeria-Peru Trade: In 2022, Nigeria exported $291M to Peru. The main products that Nigeria exported to Peru were Crude Petroleum ($282M), Float Glass ($6.94M), and Perfume Plants ($477k). Over the past 5 years the exports of Nigeria to Peru have increased at an annualized rate of 18.4%, from $125M in 2017 to $291M in 2022.

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

Peru-Nigeria Trade: In 2022, Peru exported $6.72M to Nigeria. The main products that Peru exported to Nigeria were Non-fillet Frozen Fish ($4.63M), Excavation Machinery ($589k), and Non-fillet Fresh Fish ($541k). Over the past 5 years the exports of Peru to Nigeria have increased at an annualized rate of 1.59%,  from $6.21M in 2017 to $6.72M in 2022.

In 2022, Peru 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, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $291M to Peru. The main products exported from Nigeria to Peru were Crude Petroleum ($282M), Float Glass ($6.94M), and Perfume Plants ($477k). During the last 5 years the exports of Nigeria to Peru have increased at an annualized rate of 18.4%, from $125M in 2017 to $291M in 2022.

In 2017, Peru exported $6.72M to Nigeria. The main products exported from Peru to Nigeria were Non-fillet Frozen Fish ($4.63M), Excavation Machinery ($589k), and Non-fillet Fresh Fish ($541k). During the last 5 years the exports of Peru to Nigeria have increased at an annualized rate of 1.59%, from $6.21M in 2022 to $6.72M in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Peru (Flag)

Nigeria Exports

Peru Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Peru
Top DestinationChina$17.6B

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

In 2022, countries that imported more from Nigeria than Peru included Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2022, countries that imported more from Peru than Nigeria included China ($17.6B), United States ($8.69B), and Chile ($1.85B).

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

Comparative Advantage Nigeria - Peru

Flow
Scale

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

During 2022, Nigeria had a large net trade with Peru in the exports of Mineral Products ($282M), Stone And Glass ($6.98M), and Vegetable Products ($948k).

During 2017, Peru had a large net trade with Nigeria in the exports of Animal Products ($5.17M), Machines ($669k), and Animal Hides ($591k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Peru+$83.8MCrude Petroleum
Top Product Potential Peru Nigeria+$2.63MNon-fillet Frozen Fish

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

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

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