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2022
Flag → Flag
Exports $480MRnk 35 / 168
2022
Flag → Flag
Top Product $444MWheat
2022
Flag → Flag
Exports $138MRnk 43 / 166
2022
Flag → Flag
Top Product $110MNitrogenous Fertilizers
2022
Flag
Economic Complexity (ECI) ECI 0.064Rnk 61 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$633BCURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP GROWTH15.9%CURRENT US$
Rnk 134 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC $13,686CURRENT US$
Rnk 65 / 186
2012-2022
Flag
GDP PC GROWTH4.61%CURRENT US$
Rnk 129 / 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

Argentina-Nigeria Trade: In 2022, Argentina exported $480M to Nigeria. The main products that Argentina exported to Nigeria were Wheat ($444M), Soybean Oil ($19.1M), and Non-fillet Frozen Fish ($6.26M). Over the past 5 years the exports of Argentina to Nigeria have increased at an annualized rate of 26.9%, from $146M in 2017 to $480M in 2022.

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

Nigeria-Argentina Trade: In 2022, Nigeria exported $138M to Argentina. The main products that Nigeria exported to Argentina were Nitrogenous Fertilizers ($110M), Petroleum Gas ($27.6M), and Ethylene Polymers ($549k). Over the past 5 years the exports of Nigeria to Argentina have decreased at an annualized rate of 21.4%,  from $461M in 2017 to $138M in 2022.

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

Comparison: In 2022,  Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B). 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, Argentina exported $480M to Nigeria. The main products exported from Argentina to Nigeria were Wheat ($444M), Soybean Oil ($19.1M), and Non-fillet Frozen Fish ($6.26M). During the last 5 years the exports of Argentina to Nigeria have increased at an annualized rate of 26.9%, from $146M in 2017 to $480M in 2022.

In 2017, Nigeria exported $138M to Argentina. The main products exported from Nigeria to Argentina were Nitrogenous Fertilizers ($110M), Petroleum Gas ($27.6M), and Ethylene Polymers ($549k). During the last 5 years the exports of Nigeria to Argentina have decreased at an annualized rate of 21.4%, from $461M in 2022 to $138M in 2017.

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

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

Latest Data

Trade between Argentina (Flag) and Nigeria (Flag)

Argentina Exports

Nigeria Exports

Market Competitiveness

Color
Argentina
Top DestinationBrazil$12.6B
Nigeria
Top DestinationSpain$9.41B

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 2022, countries that imported more from Argentina than Nigeria included Brazil ($12.6B), China ($8B), and Chile ($5.11B).

In 2022, countries that imported more from Nigeria than Argentina included Spain ($9.41B), France ($4.95B), and India ($8.2B).

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

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 2022, Argentina had a large net trade with Nigeria in the exports of Vegetable Products ($447M), Animal and Vegetable Bi-Products ($19.3M), and Animal Products ($9.92M).

During 2017, Nigeria had a large net trade with Argentina in the exports of Chemical Products ($110M), Mineral Products ($27.6M), and Plastics and Rubbers ($549k).

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) (2022)

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