Flag Nigeria / Portugal Flag

2019
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Exports
: $1.05B, Rnk 16 / 151

2019
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Top Product
: $868M, Petroleum Gas

2019
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Exports
: $45M, Rnk 68 / 208

2019
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Top Product
: $5.58M, Uncoated Paper

2019
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Economic Complexity (ECI)
: ECI -1.6, Rnk 140 / 146

2019
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Economic Complexity (ECI)
: ECI 0.54, Rnk 48 / 146

2019
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GDP
: $448B, CURRENT US$
Rnk 25 / 187

2009-2019
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GDP GROWTH
: 53.5%, CURRENT US$
Rnk 87 / 187

2019
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 GDP
: $239B, CURRENT US$
Rnk 47 / 187

2009-2019
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GDP GROWTH
: -2.02%, CURRENT US$
Rnk 174 / 187

2019
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GDP PC 
: $2,230, CURRENT US$
Rnk 140 / 187

2009-2019
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GDP PC GROWTH
: 17.9%, CURRENT US$
Rnk 120 / 187

2019
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GDP PC
: $23,252, CURRENT US$
Rnk 42 / 187

2009-2019
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GDP PC GROWTH
: 0.83%, CURRENT US$
Rnk 157 / 187

Nigeria-Portugal In 2019, Nigeria exported $1.05B to Portugal. The main products that Nigeria exported to Portugal are Petroleum Gas ($868M), Crude Petroleum ($170M), and Wood Charcoal ($5.72M). During the last 24 years the exports of Nigeria to Portugal have increased at an annualized rate of 4.02%, from $407M in 1995 to $1.05B in 2019.

In 2019, Nigeria did not export any services to Portugal.

Portugal-Nigeria In 2019, Portugal exported $45M to Nigeria . The main products that Portugal exported to Nigeria were Uncoated Paper ($5.58M), Other Agricultural Machinery ($2.55M), and Malt ($2.52M). During the last 24 years the exports of Portugal to Nigeria have increased at an annualized rate of 4.72%, from $14.9M in 1995 to $45M in 2019.

In 2019, Portugal exported services to Nigeria worth $1.12M, with Travel ($1.12M) being the largest in terms of value.

Comparison In 2019,  Nigeria ranked 140 in the Economic Complexity Index (ECI -1.6), and 47 in total exports ($63.8B). That same year, Portugal ranked 48 in the Economic Complexity Index (ECI 0.54), and 45 in total exports ($66.8B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Nigeria exported $1.05B to Portugal. The main products exported from Nigeria to Portugal were Petroleum Gas ($868M), Crude Petroleum ($170M), and Wood Charcoal ($5.72M). During the last 24 years the exports of Nigeria to Portugal have increased at an annualized rate of 4.02%, from $407M in 1995 to $1.05B in 2019.

In 2019, Portugal exported $45M to Nigeria. The main products exported from Portugal to Nigeria were Uncoated Paper ($5.58M), Other Agricultural Machinery ($2.55M), and Malt ($2.52M). During the last 24 years the exports of Portugal to Nigeria have increased at an annualized rate of 4.72%, from $14.9M in 1995 to $45M in 2019.

Nigeria Exports

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Portugal Exports

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Market Competitiveness

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Measure

Nigeria
Top Destination
: India, $10.5B

Portugal
Top Destination
: Spain, $15.4B

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

In 2019, countries that imported more from Nigeria than Portugal were India ($10.5B), Ghana ($4.04B), and South Africa ($3.65B).

In 2019, countries that imported more from Portugal than Nigeria were Spain ($15.4B), Germany ($8.06B), and France ($8.49B).

Comparative Advantage Nigeria - Portugal

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Depth

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

During 2019, Nigeria had a large net trade with Portugal in the exports of Mineral Products ($1.04B), Wood Products ($6.14M), and Textiles ($2.14M).

During 2019, Portugal had a large net trade with Nigeria in the exports of Machines ($10.5M), Foodstuffs ($8.17M), and Paper Goods ($6.73M).

Tariff Section

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This section shows import tariffs for products traded between Nigeria and Portugal (using the HS6 product classification and the last year reported).

In 2016, the products from Nigeria that paid the highest import tariffs to enter Portugal were Bovine carcasses and half carcasses, fresh or chilled (35%) and Bovine cuts bone in, fresh or chilled (35%).

In 2017, the products from Portugal that paid the highest import tariffs to enter Nigeria were Sugar beet (178%) and Whey (173%).

*The tariffs present between Nigeria and Portugal are:
136: Most Favoured Nation duty rate treatement

Bilateral Service Trade

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In 2019, Portugal exported services to Nigeria worth $1.12M, with Travel ($1.12M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Nigeria has comparative advantage over Portugal. Similarly, the more red a dot/product is, the more Portugal has comparative advantage over Nigeria.