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2023
Flag → Flag
Exports $6.29BRnk 1 / 159
2023
Flag → Flag
Top Product $4.73BCrude Petroleum
2023
Flag → Flag
Exports $3BRnk 57 / 220
2023
Flag → Flag
Top Product $1.04BCars
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
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Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
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GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
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GDP PC $1,597CURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Nigeria-United States Trade: In 2023, Nigeria exported $6.29B to United States. The main products that Nigeria exported to United States were Crude Petroleum ($4.73B), Petroleum Gas ($920M), and Nitrogenous Fertilizers ($167M). Over the past 5 years the exports of Nigeria to United States have increased at an annualized rate of 1.59%, from $5.81B in 2018 to $6.29B in 2023.

In 2023, Nigeria did not export any services to United States.

United States-Nigeria Trade: In 2023, United States exported $3B to Nigeria. The main products that United States exported to Nigeria were Cars ($1.04B), Refined Petroleum ($340M), and Wheat ($179M). Over the past 5 years the exports of United States to Nigeria have increased at an annualized rate of 2.81%,  from $2.62B in 2018 to $3B in 2023.

In 2017, United States exported services to Nigeria worth $2.24B, with Travel ($1.25B), Other business services ($470M), and Transportation ($162M) being the largest in terms of value.

Comparison: In 2023,  Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $6.29B to United States. The main products exported from Nigeria to United States were Crude Petroleum ($4.73B), Petroleum Gas ($920M), and Nitrogenous Fertilizers ($167M). During the last 5 years the exports of Nigeria to United States have increased at an annualized rate of 1.59%, from $5.81B in 2018 to $6.29B in 2023.

In 2018, United States exported $3B to Nigeria. The main products exported from United States to Nigeria were Cars ($1.04B), Refined Petroleum ($340M), and Wheat ($179M). During the last 5 years the exports of United States to Nigeria have increased at an annualized rate of 2.81%, from $2.62B in 2023 to $3B in 2018.

Exports from Nigeria (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Nigeria (Flag) (2023)

Latest Data

Trade between Nigeria (Flag) and United States (Flag)

Nigeria Exports

United States Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
United States
Top DestinationCanada$269B

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

In 2023, countries that imported more from Nigeria than United States included Cote d'Ivoire ($2.4B), Senegal ($1.02B), and Gibraltar ($478M).

In 2023, countries that imported more from United States than Nigeria included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Nigeria (Flag) (2023)

Comparative Advantage Nigeria - United States

Flow
Scale

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

During 2023, Nigeria had a large net trade with United States in the exports of Mineral Products ($5.79B), Chemical Products ($203M), and Metals ($95.1M).

During 2018, United States had a large net trade with Nigeria in the exports of Transportation ($1.28B), Mineral Products ($490M), and Machines ($456M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria United States+$3.39BCrude Petroleum
Top Product Potential United States Nigeria+$507MRefined Petroleum

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

Product Space of Nigeria (Flag) and United States (Flag) (2023)

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