Nigeria (NGA) and Peru (PER) Trade | The Observatory of Economic Complexity

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Nigeria-Peru Trade: In 2023, Nigeria exported $428M to Peru. The main products that Nigeria exported to Peru were Crude Petroleum ($422M), Cut Flowers ($3.47M), and Perfume Plants ($3.25M). Over the past 5 years the exports of Nigeria to Peru have increased at an annualized rate of 43.3%, from $70.9M in 2018 to $428M in 2023.

In 2023, Nigeria did not export any services to Peru.

Peru-Nigeria Trade: In 2023, Peru exported $11M to Nigeria. The main products that Peru exported to Nigeria were Non-fillet Frozen Fish ($9.39M), Non-fillet Fresh Fish ($460k), and Excavation Machinery ($444k). Over the past 5 years the exports of Peru to Nigeria have increased at an annualized rate of 8.19%, from $7.44M in 2018 to $11M in 2023.

In 2023, Peru did not export any services to Nigeria.

Comparison: In 2023, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). That same year, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nigeria exported $428M to Peru. The main products exported from Nigeria to Peru were Crude Petroleum ($422M), Cut Flowers ($3.47M), and Perfume Plants ($3.25M). During the last 5 years the exports of Nigeria to Peru have increased at an annualized rate of 43.3%, from $70.9M in 2018 to $428M in 2023.

In 2018, Peru exported $11M to Nigeria. The main products exported from Peru to Nigeria were Non-fillet Frozen Fish ($9.39M), Non-fillet Fresh Fish ($460k), and Excavation Machinery ($444k). During the last 5 years the exports of Peru to Nigeria have increased at an annualized rate of 8.19%, from $7.44M in 2023 to $11M in 2018.

Exports from Nigeria () to Peru () (2023)

Exports from Peru () to Nigeria () (2023)

Latest Data

Trade between Nigeria () and Peru ()

Nigeria Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationUnited States$6.29B

Peru
Top DestinationChina$22.5B

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 2023, countries that imported more from Nigeria than Peru included France ($4.76B), Spain ($5.76B), and Indonesia ($3.44B).

In 2023, countries that imported more from Peru than Nigeria included China ($22.5B), United States ($9.3B), and Chile ($1.92B).

Difference in imports from Peru () and Nigeria () (2023)

Comparative Advantage Nigeria - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Peru () (2023)

Exports from Peru () to Nigeria () (2023)

Latest Data

Trade between Nigeria () and Peru ()

Nigeria Exports

Peru Exports

Market Competitiveness

Difference in imports from Peru () and Nigeria () (2023)

Comparative Advantage Nigeria - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Nigeria () and Peru () (2023)

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