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Pricing

2023
Flag → Flag
Exports $1.51BRnk 37 / 137
2023
Flag → Flag
Top Product $1.18BRefined Petroleum
2023
Flag → Flag
Exports $10MRnk 73 / 159
2023
Flag → Flag
Top Product $7.46MCut Flowers
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
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GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC$1,597CURRENT US$
Rnk 164 / 196
2013-2023
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GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195

About

Russia-Nigeria Trade: In 2023, Russia exported $1.51B to Nigeria. The main products that Russia exported to Nigeria were Refined Petroleum ($1.18B), Wheat ($238M), and Malt ($35.1M). Over the past 5 years the exports of Russia to Nigeria have increased at an annualized rate of 3.72%, from $1.26B in 2018 to $1.51B in 2023.

In 2020, Russia exported services to Nigeria worth $2.65M, with Other business services ($1.03M), Computer and information services ($722k), and Transportation ($567k) being the largest in terms of value.

Nigeria-Russia Trade: In 2023, Nigeria exported $10M to Russia. The main products that Nigeria exported to Russia were Cut Flowers ($7.46M), Other Oily Seeds ($1.44M), and Cranes ($834k). Over the past 5 years the exports of Nigeria to Russia have decreased at an annualized rate of 23.2%,  from $37.4M in 2018 to $10M in 2023.

In 2023, Nigeria did not export any services to Russia.

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $95M and imported $1.82M from Nigeria, resulting in a positive trade balance of $93.2M. Between January 2021 and January 2022 the exports of Russia have increased by $61.3M (182%) from $33.8M to $95M, while imports increased by $1.73M (2.05k%) from $84.6k to $1.82M.

Trade In January 2022, the top exports of Russia to Nigeria were Wheat ($15.3M), Refined Petroleum ($7.01M), Potassic Fertilizers ($5.92M), Non-fillet Frozen Fish ($3.6M), and Nitrogenous Fertilizers ($490k). In January 2022 the top imports of Russia from Nigeria were Perfume Plants ($79.4k), Citrus and Melon Peels ($3.03k), Live Fish ($663), Crustaceans ($650), and Fake Hair ($573).

Origins In January 2022 the exports of Russia were mainly from ST. PETERSBURG ($58.8M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($18.1M), PERM TERRITORY ($5.02M), SAMARA REGION ($2.66M), and LIPETSK REGION ($2.61M), while imports destinations were mainly LENINGRAD REGION ($514k), SAMARA REGION ($506k), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($414k), KRASNODAR TERRITORY ($123k), and KALININGRAD REGION ($98.2k).

Growth In January 2022, the increase in Russia's year-by-year exports to Nigeria was explained primarily by an increase in product exports in Wheat ($9.54M or 165%), Refined Petroleum ($582k or 9.06%), and Other Coloring Matter ($210k or 121%). In January 2022, the increase in Russia's year-by-year imports  from Nigeria was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$61.3M(182%)
IMPORT GROWTH (January 2021 - January 2022)$1.73M(2.05k%)
MAIN EXPORTER (January 2022)ST. PETERSBURG$58.8M

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Nigeria and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nigeria and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $1.51B to Nigeria. The main products exported from Russia to Nigeria were Refined Petroleum ($1.18B), Wheat ($238M), and Malt ($35.1M). During the last 5 years the exports of Russia to Nigeria have increased at an annualized rate of 3.72%, from $1.26B in 2018 to $1.51B in 2023.

In 2018, Nigeria exported $10M to Russia. The main products exported from Nigeria to Russia were Cut Flowers ($7.46M), Other Oily Seeds ($1.44M), and Cranes ($834k). During the last 5 years the exports of Nigeria to Russia have decreased at an annualized rate of 23.2%, from $37.4M in 2023 to $10M in 2018.

Exports from Russia (Flag) to Nigeria (Flag) (2023)

Exports from Nigeria (Flag) to Russia (Flag) (2023)

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Russia than Nigeria included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Nigeria than Russia included Spain ($5.76B), United Kingdom ($2.29B), and Cote d'Ivoire ($2.4B).

Difference in imports from Nigeria (Flag) and Russia (Flag) (2023)

Comparative Advantage Russia - Nigeria

Flow
Scale

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

During 2023, Russia had a large net trade with Nigeria in the exports of Mineral Products ($1.18B), Vegetable Products ($273M), and Animal Products ($30.9M).

During 2018, Nigeria had a large net trade with Russia in the exports of Vegetable Products ($9.05M), Machines ($834k), and Foodstuffs ($137k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Nigeria+$279MRefined Petroleum
Top Product Potential Nigeria Russia+$1.44MCut Flowers

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

Product Space of Russia (Flag) and Nigeria (Flag) (2023)

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