NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $157MRnk 9 / 196
2023
Flag → Flag
Top Product $154MRefined Petroleum
2023
Flag → Flag
Exports $2.09MRnk 99 / 159
2023
Flag → Flag
Top Product $736kWood Charcoal
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag  
GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
 GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
GDP PC $36,551CURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 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

Cyprus-Nigeria Trade: In 2023, Cyprus exported $157M to Nigeria. The main products that Cyprus exported to Nigeria were Refined Petroleum ($154M), Video Recording Equipment ($595k), and Packaged Medicaments ($363k). Over the past 5 years the exports of Cyprus to Nigeria have increased at an annualized rate of 73%, from $10.1M in 2018 to $157M in 2023.

In 2020, Cyprus exported services to Nigeria worth $3.43M, with Transportation ($3.43M) being the largest in terms of value.

Nigeria-Cyprus Trade: In 2023, Nigeria exported $2.09M to Cyprus. The main products that Nigeria exported to Cyprus were Wood Charcoal ($736k), Coconuts, Brazil Nuts, and Cashews ($461k), and Other Oily Seeds ($212k). Over the past 5 years the exports of Nigeria to Cyprus have increased at an annualized rate of 8.43%,  from $1.01M in 2018 to $2.09M in 2023.

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

Comparison In 2023,  Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index. 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, Cyprus exported $157M to Nigeria. The main products exported from Cyprus to Nigeria were Refined Petroleum ($154M), Video Recording Equipment ($595k), and Packaged Medicaments ($363k). During the last 5 years the exports of Cyprus to Nigeria have increased at an annualized rate of 73%, from $10.1M in 2018 to $157M in 2023.

In 2018, Nigeria exported $2.09M to Cyprus. The main products exported from Nigeria to Cyprus were Wood Charcoal ($736k), Coconuts, Brazil Nuts, and Cashews ($461k), and Other Oily Seeds ($212k). During the last 5 years the exports of Nigeria to Cyprus have increased at an annualized rate of 8.43%, from $1.01M in 2023 to $2.09M in 2018.

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

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

Latest Data

Trade between Cyprus (Flag) and Nigeria (Flag)

Cyprus Exports

Nigeria Exports

Market Competitiveness

Color
Cyprus
Top DestinationLibya$775M
Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Cyprus than Nigeria included Libya ($775M), Lebanon ($438M), and Bermuda ($403M).

In 2023, countries that imported more from Nigeria than Cyprus included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

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

Comparative Advantage Cyprus - Nigeria

Flow
Scale

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

During 2023, Cyprus had a large net trade with Nigeria in the exports of Mineral Products ($154M), Machines ($1.26M), and Chemical Products ($478k).

During 2018, Nigeria had a large net trade with Cyprus in the exports of Wood Products ($737k), Vegetable Products ($733k), and Chemical Products ($130k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Cyprus and Nigeria. This means that a dot/product with the flag of Cyprus indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over Cyprus.

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms