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Pricing

2022
Flag → Flag
Exports $35.3kRnk 95 / 149
2022
Flag → Flag
Top Product $25.3kWheat Flours
2022
Flag → Flag
Exports $949kRnk 108 / 166
2022
Flag → Flag
Top Product $946kCoconuts, Brazil Nuts, and Cashews
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH88.1%CURRENT US$
Rnk 21 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC $1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186
2022
Flag
GDP PC$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

Nepal-Nigeria Trade: In 2022, Nepal exported $35.3k to Nigeria. The main products that Nepal exported to Nigeria were Wheat Flours ($25.3k), Video Displays ($8.23k), and Knit Women's Suits ($993). Over the past 5 years the exports of Nepal to Nigeria have increased at an annualized rate of 97.3%, from $1.18k in 2017 to $35.3k in 2022.

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

Nigeria-Nepal Trade: In 2022, Nigeria exported $949k to Nepal. The main products that Nigeria exported to Nepal were Coconuts, Brazil Nuts, and Cashews ($946k), Other Animals ($1.59k), and Non-Knit Men's Suits ($899). Over the past 5 years the exports of Nigeria to Nepal have decreased at an annualized rate of 19.2%,  from $2.76M in 2017 to $949k in 2022.

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

Comparison In 2022,  Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index. That same year, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nepal exported $35.3k to Nigeria. The main products exported from Nepal to Nigeria were Wheat Flours ($25.3k), Video Displays ($8.23k), and Knit Women's Suits ($993). During the last 5 years the exports of Nepal to Nigeria have increased at an annualized rate of 97.3%, from $1.18k in 2017 to $35.3k in 2022.

In 2017, Nigeria exported $949k to Nepal. The main products exported from Nigeria to Nepal were Coconuts, Brazil Nuts, and Cashews ($946k), Other Animals ($1.59k), and Non-Knit Men's Suits ($899). During the last 5 years the exports of Nigeria to Nepal have decreased at an annualized rate of 19.2%, from $2.76M in 2022 to $949k in 2017.

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

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

Market Competitiveness

Color
Nepal
Top DestinationIndia$956M
Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from Nepal than Nigeria included Central African Republic ($8.88M), Denmark ($8.07M), and Bhutan ($3.99M).

In 2022, countries that imported more from Nigeria than Nepal included Spain ($9.41B), India ($8.2B), and France ($4.95B).

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

Comparative Advantage Nepal - Nigeria

Flow
Scale

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

During 2022, Nepal had a large net trade with Nigeria in the exports of Vegetable Products ($25.3k), Machines ($9.05k), and Textiles ($993).

During 2017, Nigeria had a large net trade with Nepal in the exports of Vegetable Products ($946k), Animal Products ($1.59k), and Textiles ($899).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nepal Nigeria+$39.5kTelephones
Top Product Potential Nigeria Nepal+$344kCoconuts, Brazil Nuts, and Cashews

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

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

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