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2023
Flag → Flag
Exports $1.09BRnk 72 / 220
2023
Flag → Flag
Top Product $81.5MElectrical Transformers
2023
Flag → Flag
Exports $2.04BRnk 11 / 159
2023
Flag → Flag
Top Product $1.86BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag  
GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
 GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
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GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
GDP PC $54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 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

Germany-Nigeria Trade: In 2023, Germany exported $1.09B to Nigeria. The main products that Germany exported to Nigeria were Electrical Transformers ($81.5M), Electric Generating Sets ($59.1M), and Malt Extract ($57.6M). Over the past 5 years the exports of Germany to Nigeria have decreased at an annualized rate of 0.48%, from $1.11B in 2018 to $1.09B in 2023.

In 2020, Germany exported services to Nigeria worth $162M, with Transportation ($77.7M), Other business services ($72M), and Computer and information services ($8M) being the largest in terms of value.

Nigeria-Germany Trade: In 2023, Nigeria exported $2.04B to Germany. The main products that Nigeria exported to Germany were Crude Petroleum ($1.86B), Cocoa Butter ($38.5M), and Refined Petroleum ($22.8M). Over the past 5 years the exports of Nigeria to Germany have decreased at an annualized rate of 5.83%,  from $2.76B in 2018 to $2.04B in 2023.

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

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). That same year, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Latest Trends

November, 2024

About

Overview In November 2024, Germany exported €84.6M and imported €142M from Nigeria, resulting in a negative trade balance of €57.5M. Between November 2023 and November 2024 the exports of Germany have increased by €11.3M (15.5%) from €73.3M to €84.6M, while imports increased by €8.83M (6.63%) from €133M to €142M.

Trade In November 2024, the top exports of Germany to Nigeria were Articles of plastic (€5.19M), Bakery products and other cereal preperations (€5.03M), Measuring and automatical control instruments (€3.66M), Motor cars and motor caravans (€2.39M), and Machinery for electricity production, distribution (€2.07M). In November 2024 the top imports of Germany from Nigeria were Petroleum oil and petroleum gases (€143M), Cocoa and cocoa products (€2.42M), Oilseed and oleaginous fruits (€2.1M), Other raw materials inclusive waste (€1.25M), and Fish and crustaceans, molluscs (€1.16M).

Origins In November 2024 the exports of Germany were mainly from Bavaria (€12M), North Rhine-Westphalia (€7.94M), Bremen (€6.94M), Lower Saxony (€6.28M), and Rhineland-Pfalz (€5.86M), while imports destinations were mainly Hamburg (€75.4M), Baden-Württemberg (€27.1M), Brandenburg (€27.1M), North Rhine-Westphalia (€6.96M), and Saarland (€3.05M).

Growth In November 2024, the increase in Germany's year-by-year exports to Nigeria was explained primarily by an increase in product exports in Articles of plastic (€2.87M or 124%), Measuring and automatical control instruments (€2.16M or 143%), and Unmanufactured tobacco and tobacco products (€986k or 96.7%). In November 2024, the increase in Germany's year-by-year imports  from Nigeria was explained primarily by an increase in product imports  in Oilseed and oleaginous fruits (€986k or 88.9%), Fish and crustaceans, molluscs (€685k or 144%), and Nuts and dried fruits (€605k or 665%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€11.3M(15.5%)
IMPORT GROWTH (November 2023 - November 2024)€8.83M(6.63%)
MAIN EXPORTER (November 2024)Bavaria€12M

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Nigeria and Germany trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nigeria and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $1.09B to Nigeria. The main products exported from Germany to Nigeria were Electrical Transformers ($81.5M), Electric Generating Sets ($59.1M), and Malt Extract ($57.6M). During the last 5 years the exports of Germany to Nigeria have decreased at an annualized rate of 0.48%, from $1.11B in 2018 to $1.09B in 2023.

In 2018, Nigeria exported $2.04B to Germany. The main products exported from Nigeria to Germany were Crude Petroleum ($1.86B), Cocoa Butter ($38.5M), and Refined Petroleum ($22.8M). During the last 5 years the exports of Nigeria to Germany have decreased at an annualized rate of 5.83%, from $2.76B in 2023 to $2.04B in 2018.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Germany than Nigeria included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Nigeria than Germany included Cote d'Ivoire ($2.4B), Senegal ($1.02B), and Gibraltar ($478M).

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

Comparative Advantage Germany - Nigeria

Flow
Scale

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

During 2023, Germany had a large net trade with Nigeria in the exports of Machines ($434M), Foodstuffs ($149M), and Chemical Products ($106M).

During 2018, Nigeria had a large net trade with Germany in the exports of Mineral Products ($1.89B), Foodstuffs ($80.5M), and Vegetable Products ($46.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Nigeria+$81MCars
Top Product Potential Nigeria Germany+$1.08BCrude 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 Germany and Nigeria. This means that a dot/product with the flag of Germany indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over Germany.

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

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