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2023
Flag → Flag
Exports $38.2MRnk 87 / 168
2023
Flag → Flag
Top Product $12.6MSoybean Oil
2023
Flag → Flag
Exports $95.1MRnk 48 / 159
2023
Flag → Flag
Top Product $55.8MNitrogenous Fertilizers
2023
Flag
Economic Complexity (ECI) ECI 0.043Rnk 61 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag  
GDP$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH17%CURRENT US$
Rnk 148 / 195
2023
Flag
 GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
GDP PC $14,187CURRENT US$
Rnk 73 / 195
2013-2023
Flag
GDP PC GROWTH9.44%CURRENT US$
Rnk 135 / 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

Argentina-Nigeria Trade: In 2023, Argentina exported $38.2M to Nigeria. The main products that Argentina exported to Nigeria were Soybean Oil ($12.6M), Non-fillet Frozen Fish ($9.23M), and Other Processed Fruits and Nuts ($7.02M). Over the past 5 years the exports of Argentina to Nigeria have decreased at an annualized rate of 19.2%, from $111M in 2018 to $38.2M in 2023.

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

Nigeria-Argentina Trade: In 2023, Nigeria exported $95.1M to Argentina. The main products that Nigeria exported to Argentina were Nitrogenous Fertilizers ($55.8M), Petroleum Gas ($39.3M), and Perfume Plants ($17.1k). Over the past 5 years the exports of Nigeria to Argentina have decreased at an annualized rate of 18.8%,  from $270M in 2018 to $95.1M in 2023.

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

Comparison: In 2023,  Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B). 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, Argentina exported $38.2M to Nigeria. The main products exported from Argentina to Nigeria were Soybean Oil ($12.6M), Non-fillet Frozen Fish ($9.23M), and Other Processed Fruits and Nuts ($7.02M). During the last 5 years the exports of Argentina to Nigeria have decreased at an annualized rate of 19.2%, from $111M in 2018 to $38.2M in 2023.

In 2018, Nigeria exported $95.1M to Argentina. The main products exported from Nigeria to Argentina were Nitrogenous Fertilizers ($55.8M), Petroleum Gas ($39.3M), and Perfume Plants ($17.1k). During the last 5 years the exports of Nigeria to Argentina have decreased at an annualized rate of 18.8%, from $270M in 2023 to $95.1M in 2018.

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

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

Latest Data

Trade between Argentina (Flag) and Nigeria (Flag)

Argentina Exports

Nigeria Exports

Market Competitiveness

Color
Argentina
Top DestinationBrazil$12.1B
Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Argentina than Nigeria included Brazil ($12.1B), Chile ($5.57B), and China ($5.36B).

In 2023, countries that imported more from Nigeria than Argentina included France ($4.76B), Spain ($5.76B), and Netherlands ($4.35B).

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

Comparative Advantage Argentina - Nigeria

Flow
Scale

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

During 2023, Argentina had a large net trade with Nigeria in the exports of Animal Products ($13.4M), Animal and Vegetable Bi-Products ($12.8M), and Foodstuffs ($10M).

During 2018, Nigeria had a large net trade with Argentina in the exports of Chemical Products ($55.8M), Mineral Products ($39.3M), and Vegetable Products ($17.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Argentina Nigeria+$2.23MNon-fillet Frozen Fish
Top Product Potential Nigeria Argentina+$51.1MPetroleum Gas

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

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

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