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2022
Flag → Flag
Exports $501MRnk 47 / 215
2022
Flag → Flag
Top Product $260MRefined Petroleum
2022
Flag → Flag
Exports $273MRnk 37 / 166
2022
Flag → Flag
Top Product $235MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC $82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 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

Singapore-Nigeria Trade: In 2022, Singapore exported $501M to Nigeria. The main products that Singapore exported to Nigeria were Refined Petroleum ($260M), Passenger and Cargo Ships ($20.3M), and Motor-working Tools ($16.6M). Over the past 5 years the exports of Singapore to Nigeria have increased at an annualized rate of 14.4%, from $255M in 2017 to $501M in 2022.

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

Nigeria-Singapore Trade: In 2022, Nigeria exported $273M to Singapore. The main products that Nigeria exported to Singapore were Crude Petroleum ($235M), Refined Petroleum ($20.4M), and Cocoa Beans ($11.5M). Over the past 5 years the exports of Nigeria to Singapore have increased at an annualized rate of 18.2%,  from $99.9M in 2017 to $273M in 2022.

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

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). 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, Singapore exported $501M to Nigeria. The main products exported from Singapore to Nigeria were Refined Petroleum ($260M), Passenger and Cargo Ships ($20.3M), and Motor-working Tools ($16.6M). During the last 5 years the exports of Singapore to Nigeria have increased at an annualized rate of 14.4%, from $255M in 2017 to $501M in 2022.

In 2017, Nigeria exported $273M to Singapore. The main products exported from Nigeria to Singapore were Crude Petroleum ($235M), Refined Petroleum ($20.4M), and Cocoa Beans ($11.5M). During the last 5 years the exports of Nigeria to Singapore have increased at an annualized rate of 18.2%, from $99.9M in 2022 to $273M in 2017.

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

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

Latest Data

Trade between Singapore (Flag) and Nigeria (Flag)

Singapore Exports

Nigeria Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from Singapore than Nigeria included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, countries that imported more from Nigeria than Singapore included Spain ($9.41B), France ($4.95B), and Cote d'Ivoire ($1.97B).

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

Comparative Advantage Singapore - Nigeria

Flow
Scale

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

During 2022, Singapore had a large net trade with Nigeria in the exports of Mineral Products ($260M), Machines ($69.3M), and Transportation ($57.4M).

During 2017, Nigeria had a large net trade with Singapore in the exports of Mineral Products ($259M), Foodstuffs ($11.9M), and Plastics and Rubbers ($918k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Nigeria+$305MRefined Petroleum
Top Product Potential Nigeria Singapore+$431MCrude 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 Singapore and Nigeria. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over Singapore.

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

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