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2023
Flag → Flag
Exports $1.33MRnk 103 / 159
2023
Flag → Flag
Top Product $1.05MRaw Aluminium
2023
Flag → Flag
Exports $5.66MRnk 9 / 82
2023
Flag → Flag
Top Product $2.79MNon-fillet Frozen Fish
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
GDP PC $1,597CURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195

About

Nigeria-North Korea Trade: In 2023, Nigeria exported $1.33M to North Korea. The main products that Nigeria exported to North Korea were Raw Aluminium ($1.05M), Scrap Aluminium ($257k), and Raw Lead ($28.8k). Over the past 10 years the exports of Nigeria to North Korea have decreased at an annualized rate of 25.1%, from $24.1M in 2013 to $1.33M in 2023.

In 2023, Nigeria did not export any services to North Korea.

North Korea-Nigeria Trade: In 2023, North Korea exported $5.66M to Nigeria. The main products that North Korea exported to Nigeria were Non-fillet Frozen Fish ($2.79M), Ethylene Polymers ($933k), and Waxes ($365k). Over the past 10 years the exports of North Korea to Nigeria have increased at an annualized rate of 4.09%,  from $4.63M in 2013 to $5.66M in 2023.

In 2023, North Korea 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, North Korea ranked 172 in total exports ($397M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $1.33M to North Korea. The main products exported from Nigeria to North Korea were Raw Aluminium ($1.05M), Scrap Aluminium ($257k), and Raw Lead ($28.8k). During the last 10 years the exports of Nigeria to North Korea have decreased at an annualized rate of 25.1%, from $24.1M in 2013 to $1.33M in 2023.

In 2018, North Korea exported $5.66M to Nigeria. The main products exported from North Korea to Nigeria were Non-fillet Frozen Fish ($2.79M), Ethylene Polymers ($933k), and Waxes ($365k). During the last 5 years the exports of North Korea to Nigeria have increased at an annualized rate of 4.09%, from $4.63M in 2023 to $5.66M in 2018.

Exports from Nigeria (Flag) to North Korea (Flag) (2023)

Exports from North Korea (Flag) to Nigeria (Flag) (2023)

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
North Korea
Top DestinationChina$292M

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

In 2023, countries that imported more from Nigeria than North Korea included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

In 2023, countries that imported more from North Korea than Nigeria included Luxembourg ($6.8M), Fiji ($3.88M), and Suriname ($2.33M).

Difference in imports from North Korea (Flag) and Nigeria (Flag) (2023)

Comparative Advantage Nigeria - North Korea

Flow
Scale

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

During 2023, Nigeria had a large net trade with North Korea in the exports of Metals ($1.33M).

During 2018, North Korea had a large net trade with Nigeria in the exports of Animal Products ($2.79M), Plastics and Rubbers ($1.14M), and Chemical Products ($868k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Nigeria and North Korea. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over North Korea. Similarly, a dot/product with the flag of North Korea indicates it has a comparative advantage over Nigeria.

Product Space of Nigeria (Flag) and North Korea (Flag) (2023)

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