Russia-Nigeria Trade: In 2022, Russia exported $543M to Nigeria. The main products that Russia exported to Nigeria were Refined Petroleum ($245M), Non-fillet Frozen Fish ($151M), and Wheat ($63.5M). Over the past 5 years the exports of Russia to Nigeria have decreased at an annualized rate of 4.13%, from $670M in 2017 to $543M in 2022.
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 2022, Nigeria exported $4.8M to Russia. The main products that Nigeria exported to Russia were Cut Flowers ($3.49M), Perfume Plants ($662k), and Other Oily Seeds ($318k). Over the past 5 years the exports of Nigeria to Russia have decreased at an annualized rate of 36.3%, from $45.8M in 2017 to $4.8M in 2022.
In 2022, Nigeria did not export any services to Russia.
Comparison: In 2022, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).