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Pricing

2022
Flag → Flag
Exports $2.25BRnk 8 / 166
2022
Flag → Flag
Top Product $2.16BCrude Petroleum
2022
Flag → Flag
Exports $521MRnk 39 / 214
2022
Flag → Flag
Top Product $101MPropylene Polymers
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.076Rnk 59 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$406BCURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP GROWTH-6.57%CURRENT US$
Rnk 171 / 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$6,776CURRENT US$
Rnk 95 / 186
2012-2022
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GDP PC GROWTH-17.1%CURRENT US$
Rnk 167 / 186

About

Nigeria-South Africa Trade: In 2022, Nigeria exported $2.25B to South Africa. The main products that Nigeria exported to South Africa were Crude Petroleum ($2.16B), Petroleum Gas ($64.3M), and Rubber ($6.82M). Over the past 5 years the exports of Nigeria to South Africa have increased at an annualized rate of 5.46%, from $1.72B in 2017 to $2.25B in 2022.

In 2022, Nigeria did not export any services to South Africa.

South Africa-Nigeria Trade: In 2022, South Africa exported $521M to Nigeria. The main products that South Africa exported to Nigeria were Propylene Polymers ($101M), Apples and Pears ($45.5M), and Metal Stoppers ($22.2M). Over the past 5 years the exports of South Africa to Nigeria have increased at an annualized rate of 2.22%,  from $447M in 2017 to $521M in 2022.

In 2022, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $2.25B to South Africa. The main products exported from Nigeria to South Africa were Crude Petroleum ($2.16B), Petroleum Gas ($64.3M), and Rubber ($6.82M). During the last 5 years the exports of Nigeria to South Africa have increased at an annualized rate of 5.46%, from $1.72B in 2017 to $2.25B in 2022.

In 2017, South Africa exported $521M to Nigeria. The main products exported from South Africa to Nigeria were Propylene Polymers ($101M), Apples and Pears ($45.5M), and Metal Stoppers ($22.2M). During the last 5 years the exports of South Africa to Nigeria have increased at an annualized rate of 2.22%, from $447M in 2022 to $521M in 2017.

Exports from Nigeria (Flag) to South Africa (Flag) (2022)

Exports from South Africa (Flag) to Nigeria (Flag) (2022)

Latest Data

Trade between Nigeria (Flag) and South Africa (Flag)

Nigeria Exports

South Africa Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
South Africa
Top DestinationChina$23.4B

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

In 2022, countries that imported more from Nigeria than South Africa included Spain ($9.41B), France ($4.95B), and Indonesia ($3.83B).

In 2022, countries that imported more from South Africa than Nigeria included China ($23.4B), Germany ($9.96B), and Japan ($8.85B).

Difference in imports from South Africa (Flag) and Nigeria (Flag) (2022)

Comparative Advantage Nigeria - South Africa

Flow
Scale

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

During 2022, Nigeria had a large net trade with South Africa in the exports of Mineral Products ($2.22B), Plastics and Rubbers ($7.86M), and Stone And Glass ($5.75M).

During 2017, South Africa had a large net trade with Nigeria in the exports of Plastics and Rubbers ($119M), Machines ($79.8M), and Chemical Products ($75.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria South Africa+$142MPetroleum Gas
Top Product Potential South Africa Nigeria+$17.6MCars

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

Product Space of Nigeria (Flag) and South Africa (Flag) (2022)

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