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2022
Flag → Flag
Exports $273MRnk 37 / 166
2022
Flag → Flag
Top Product $235MCrude Petroleum
2022
Flag → Flag
Exports $501MRnk 47 / 215
2022
Flag → Flag
Top Product $260MRefined Petroleum
2022
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Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
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Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
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GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
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 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
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GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
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GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
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GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
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GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
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GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Nigeria-Singapore In 2022, Nigeria exported $273M to Singapore. The main products that Nigeria exported to Singapore are Crude Petroleum ($235M), Refined Petroleum ($20.4M), and Cocoa Beans ($11.5M). During the last 27 years the exports of Nigeria to Singapore have increased at an annualized rate of 8.16%, from $32.8M in 1995 to $273M in 2022.

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

Singapore-Nigeria In 2022, Singapore exported $501M to Nigeria. The main products that Singapore exported to Nigeria were Refined Petroleum ($260M), Passenger and Cargo Ships ($20.3M), and Motor-working Tools ($16.6M). During the last 27 years the exports of Singapore to Nigeria have increased at an annualized rate of 6.37%, from $94.5M in 1995 to $501M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $273M to Singapore. The main products exported from Nigeria to Singapore were Crude Petroleum ($235M), Refined Petroleum ($20.4M), and Cocoa Beans ($11.5M). During the last 27 years the exports of Nigeria to Singapore have increased at an annualized rate of 8.16%, from $32.8M in 1995 to $273M in 2022.

In 2022, Singapore exported $501M to Nigeria. The main products exported from Singapore to Nigeria were Refined Petroleum ($260M), Passenger and Cargo Ships ($20.3M), and Motor-working Tools ($16.6M). During the last 27 years the exports of Singapore to Nigeria have increased at an annualized rate of 6.37%, from $94.5M in 1995 to $501M in 2022.

Exports from Nigeria (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to Nigeria (Flag) (2022)

Latest Data

Trade between Nigeria (Flag) and Singapore (Flag)

Nigeria Exports

Singapore Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Singapore
Top DestinationHong Kong$51.6B

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

In 2021, countries that imported more from Nigeria than Singapore were Spain ($9.41B), France ($4.95B), and Cote d'Ivoire ($1.97B).

In 2021, countries that imported more from Singapore than Nigeria were Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

Difference in imports from Singapore (Flag) and Nigeria (Flag) (2022)

Comparative Advantage Nigeria - Singapore

Flow
Scale

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

During 2022, Nigeria had a large net trade with Singapore in the exports of Mineral Products ($259M), Foodstuffs ($11.9M), and Plastics and Rubbers ($918k).

During 2022, Singapore had a large net trade with Nigeria in the exports of Mineral Products ($260M), Machines ($69.3M), and Transportation ($57.4M).

Economic Complexity

Competitive Landscape

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 Singapore. Similarly, the more yellow a dot/product is, the more Singapore has comparative advantage over Nigeria.

Product Space of Nigeria (Flag) and Singapore (Flag) (2022)

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