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Scatter2023 
GDP$364BCURRENT US$Rnk 41 / 195
GDP$364BCURRENT US$Rnk 41 / 1952013-2023 GDP GROWTH-30%CURRENT US$Rnk 191 / 195
GDP GROWTH-30%CURRENT US$Rnk 191 / 1952023 
GDP$268BCURRENT US$Rnk 49 / 195
GDP$268BCURRENT US$Rnk 49 / 1952013-2023 GDP GROWTH33%CURRENT US$Rnk 108 / 195
GDP GROWTH33%CURRENT US$Rnk 108 / 1952023 GDP PC $1,597CURRENT US$Rnk 164 / 195
GDP PC $1,597CURRENT US$Rnk 164 / 1952013-2023GDP PC GROWTH-44.4%CURRENT US$Rnk 192 / 195
GDP PC GROWTH-44.4%CURRENT US$Rnk 192 / 1952023GDP PC$7,907CURRENT US$Rnk 97 / 196
GDP PC$7,907CURRENT US$Rnk 97 / 1962013-2023GDP PC GROWTH17.2%CURRENT US$Rnk 111 / 195
GDP PC GROWTH17.2%CURRENT US$Rnk 111 / 195Difference in imports from Peru () and Nigeria () (2023)
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 2023, Nigeria had a large net trade with Peru in the exports of Mineral Products ($422M), Vegetable Products ($6.72M), and Stone And Glass ($89.3k).
During 2018, Peru had a large net trade with Nigeria in the exports of Animal Products ($9.85M), Machines ($564k), and Animal Hides ($392k).
Potential Exports
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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.
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.
