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Pricing

2021
Flag → Flag
Exports $2.02kRnk 20 / 0
2021
Flag → Flag
Exports $2.56kRnk 81 / 94
2021
Flag → Flag
Top Product $1.84kCutting Blades
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.53Rnk 125 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$30.6BCURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP GROWTH43.9%CURRENT US$
Rnk 78 / 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$3,020CURRENT US$
Rnk 133 / 186
2012-2022
Flag
GDP PC GROWTH13.8%CURRENT US$
Rnk 100 / 186

About

Nigeria-Papua New Guinea Trade: In 2021, Nigeria exported $2.02k to Papua New Guinea. The main products that Nigeria exported to Papua New Guinea were N/A. Over the past 9 years the exports of Nigeria to Papua New Guinea have decreased at an annualized rate of 14.8%, from $8.55k in 2012 to $2.02k in 2021.

In 2021, Nigeria did not export any services to Papua New Guinea.

Papua New Guinea-Nigeria Trade: In 2021, Papua New Guinea exported $2.56k to Nigeria. The main products that Papua New Guinea exported to Nigeria were Cutting Blades ($1.84k) and Broadcasting Equipment ($719). Over the past 9 years the exports of Papua New Guinea to Nigeria have increased at an annualized rate of 11%,  from $1.52k in 2012 to $2.56k in 2021.

In 2021, Papua New Guinea 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, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Nigeria exported $2.02k to Papua New Guinea. There were not main exports from Nigeria to Papua New Guinea in 2021. During the last 9 years the exports of Nigeria to Papua New Guinea have decreased at an annualized rate of 14.8%, from $8.55k in 2012 to $2.02k in 2021.

In 2017, Papua New Guinea exported $2.56k to Nigeria. The main products exported from Papua New Guinea to Nigeria were Cutting Blades ($1.84k) and Broadcasting Equipment ($719). During the last 5 years the exports of Papua New Guinea to Nigeria have increased at an annualized rate of 11%, from $1.52k in 2022 to $2.56k in 2017.

Exports from Nigeria (Flag) to Papua New Guinea (Flag) (2022)

Exports from Papua New Guinea (Flag) to Nigeria (Flag) (2022)

Latest Data

Trade between Nigeria (Flag) and Papua New Guinea (Flag)

Nigeria Exports

Date

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Papua New Guinea
Top DestinationJapan$4.03B

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

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

In 2022, countries that imported more from Papua New Guinea than Nigeria included Japan ($4.03B), China ($3.44B), and Australia ($1.74B).

Difference in imports from Papua New Guinea (Flag) and Nigeria (Flag) (2022)

Comparative Advantage Nigeria - Papua New Guinea

Flow
Scale

This chart compares trade between Nigeria and Papua New Guinea by product, considering products traded by both, Nigeria and Papua New Guinea.

During 2021, Nigeria had a large net trade with Papua New Guinea in the exports of .

During 2017, Papua New Guinea had a large net trade with Nigeria in the exports of Metals ($1.84k) and Machines ($719).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Papua New Guinea+$4.8kCrude Petroleum
Top Product Potential Papua New Guinea Nigeria+$8.65kTelephones

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

Product Space of Nigeria (Flag) and Papua New Guinea (Flag) (2022)

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