Nigeria (NGA) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Nigeria-Portugal In 2022, Nigeria exported $1.93B to Portugal. The main products that Nigeria exported to Portugal are Crude Petroleum ($1.1B), Petroleum Gas ($814M), and Wood Charcoal ($4.52M). During the last 27 years the exports of Nigeria to Portugal have increased at an annualized rate of 5.94%, from $406M in 1995 to $1.93B in 2022.

In 2022, Nigeria did not export any services to Portugal.

Portugal-Nigeria In 2022, Portugal exported $39.9M to Nigeria. The main products that Portugal exported to Nigeria were Malt Extract ($6.93M), Animal Food ($5.07M), and Stone Processing Machines ($2.07M). During the last 27 years the exports of Portugal to Nigeria have increased at an annualized rate of 3.72%, from $14.9M in 1995 to $39.9M in 2022.

In 2020, Portugal exported services to Nigeria worth $1.14M, with Travel ($1.14M) being the largest in terms of value.

Comparison In 2022, Nigeria ranked 119 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nigeria exported $1.93B to Portugal. The main products exported from Nigeria to Portugal were Crude Petroleum ($1.1B), Petroleum Gas ($814M), and Wood Charcoal ($4.52M). During the last 27 years the exports of Nigeria to Portugal have increased at an annualized rate of 5.94%, from $406M in 1995 to $1.93B in 2022.

In 2022, Portugal exported $39.9M to Nigeria. The main products exported from Portugal to Nigeria were Malt Extract ($6.93M), Animal Food ($5.07M), and Stone Processing Machines ($2.07M). During the last 27 years the exports of Portugal to Nigeria have increased at an annualized rate of 3.72%, from $14.9M in 1995 to $39.9M in 2022.

Exports from Nigeria () to Portugal () (2022)

Exports from Portugal () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Portugal ()

Nigeria Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationSpain$9.41B

Portugal
Top DestinationSpain$20.5B

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 2021, countries that imported more from Nigeria than Portugal were India ($8.2B), Indonesia ($3.83B), and South Africa ($2.25B).

In 2021, countries that imported more from Portugal than Nigeria were Spain ($20.5B), Germany ($8.76B), and France ($9.49B).

Difference in imports from Portugal () and Nigeria () (2022)

Comparative Advantage Nigeria - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nigeria had a large net trade with Portugal in the exports of Mineral Products ($1.91B), Wood Products ($6.4M), and Textiles ($4.31M).

During 2022, Portugal had a large net trade with Nigeria in the exports of Foodstuffs ($14.7M), Machines ($8.51M), and Metals ($3.22M).

Service Trade

Bilateral Service Trade

Prt Year

In 2020, Portugal exported services to Nigeria worth $1.14M, with Travel ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal () to Nigeria () (2020)

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Portugal () (2022)

Exports from Portugal () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Portugal ()

Nigeria Exports

Portugal Exports

Market Competitiveness

Difference in imports from Portugal () and Nigeria () (2022)

Comparative Advantage Nigeria - Portugal

Service Trade

Bilateral Service Trade

Services Exports from Portugal () to Nigeria () (2020)

Economic Complexity

Competitive Landscape

Product Space of Nigeria () and Portugal () (2022)

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