2023
Flag  
GDP
$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH
22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
 GDP
$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH
-30%CURRENT US$
Rnk 191 / 195
2023
Flag
GDP PC 
$7,182CURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP PC GROWTH
19.3%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC
$1,597CURRENT US$
Rnk 164 / 196
2013-2023
Flag
GDP PC GROWTH
-44.4%CURRENT US$
Rnk 192 / 195

About

Thailand-Nigeria Trade: In 2023, Thailand exported $242M to Nigeria. The main products that Thailand exported to Nigeria were Ethylene Polymers ($19.6M), Rubber Tires ($16M), and Delivery Trucks ($14.9M). Over the past 5 years the exports of Thailand to Nigeria have decreased at an annualized rate of 0.36%, from $247M in 2018 to $242M in 2023.

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

Nigeria-Thailand Trade: In 2023, Nigeria exported $531M to Thailand. The main products that Nigeria exported to Thailand were Crude Petroleum ($334M), Petroleum Gas ($183M), and Refined Copper ($2.84M). Over the past 5 years the exports of Nigeria to Thailand have decreased at an annualized rate of 6.46%,  from $848M in 2018 to $531M in 2023.

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

Comparison: In 2023,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). That same year, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Thailand exported $242M to Nigeria. The main products exported from Thailand to Nigeria were Ethylene Polymers ($19.6M), Rubber Tires ($16M), and Delivery Trucks ($14.9M). During the last 5 years the exports of Thailand to Nigeria have decreased at an annualized rate of 0.36%, from $247M in 2018 to $242M in 2023.

In 2018, Nigeria exported $531M to Thailand. The main products exported from Nigeria to Thailand were Crude Petroleum ($334M), Petroleum Gas ($183M), and Refined Copper ($2.84M). During the last 5 years the exports of Nigeria to Thailand have decreased at an annualized rate of 6.46%, from $848M in 2023 to $531M in 2018.

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

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

Latest Data

Trade between Thailand (Flag) and Nigeria (Flag)

Thailand Exports

Nigeria Exports

Date

Market Competitiveness

Color
Thailand
Top Destination
United States$58.5B
Nigeria
Top Destination
United States$6.29B

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

In 2023, countries that imported more from Thailand than Nigeria included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

In 2023, countries that imported more from Nigeria than Thailand included Spain ($5.76B), France ($4.76B), and Cote d'Ivoire ($2.4B).

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

Comparative Advantage Thailand - Nigeria

Flow
Scale

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

During 2023, Thailand had a large net trade with Nigeria in the exports of Plastics and Rubbers ($73.9M), Chemical Products ($37.3M), and Transportation ($35M).

During 2018, Nigeria had a large net trade with Thailand in the exports of Mineral Products ($519M), Metals ($8.74M), and Precious Metals ($1.74M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Nigeria+$19.7MCars
Top Product Potential Nigeria Thailand+$618MCrude 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 Thailand and Nigeria. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over Thailand.

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

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