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2022
Flag → Flag
Exports $56.2MRnk 23 / 194
2022
Flag → Flag
Top Product $51.5MRefined Petroleum
2022
Flag → Flag
Exports $1.08MRnk 102 / 166
2022
Flag → Flag
Top Product $358kWood Charcoal
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 138 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC $31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH7.9%CURRENT US$
Rnk 123 / 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

Cyprus-Nigeria Trade: In 2022, Cyprus exported $56.2M to Nigeria. The main products that Cyprus exported to Nigeria were Refined Petroleum ($51.5M), Packaged Medicaments ($511k), and Carbonates ($444k). Over the past 5 years the exports of Cyprus to Nigeria have increased at an annualized rate of 35.7%, from $12.2M in 2017 to $56.2M in 2022.

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 2022, Nigeria exported $1.08M to Cyprus. The main products that Nigeria exported to Cyprus were Wood Charcoal ($358k), Coconuts, Brazil Nuts, and Cashews ($219k), and Other Oily Seeds ($122k). Over the past 5 years the exports of Nigeria to Cyprus have increased at an annualized rate of 0.17%,  from $1.07M in 2017 to $1.08M in 2022.

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

Comparison In 2022,  Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index. 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, Cyprus exported $56.2M to Nigeria. The main products exported from Cyprus to Nigeria were Refined Petroleum ($51.5M), Packaged Medicaments ($511k), and Carbonates ($444k). During the last 5 years the exports of Cyprus to Nigeria have increased at an annualized rate of 35.7%, from $12.2M in 2017 to $56.2M in 2022.

In 2017, Nigeria exported $1.08M to Cyprus. The main products exported from Nigeria to Cyprus were Wood Charcoal ($358k), Coconuts, Brazil Nuts, and Cashews ($219k), and Other Oily Seeds ($122k). During the last 5 years the exports of Nigeria to Cyprus have increased at an annualized rate of 0.17%, from $1.07M in 2022 to $1.08M in 2017.

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

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

Latest Data

Trade between Cyprus (Flag) and Nigeria (Flag)

Cyprus Exports

Nigeria Exports

Market Competitiveness

Color
Cyprus
Top DestinationHong Kong$482M
Nigeria
Top DestinationSpain$9.41B

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 2022, countries that imported more from Cyprus than Nigeria included Hong Kong ($482M), Greece ($471M), and Lebanon ($329M).

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

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

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 2022, Cyprus had a large net trade with Nigeria in the exports of Mineral Products ($51.5M), Machines ($1.24M), and Chemical Products ($1.18M).

During 2017, Nigeria had a large net trade with Cyprus in the exports of Vegetable Products ($366k), Wood Products ($359k), and Footwear and Headwear ($116k).

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) (2022)

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