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2023
Flag → Flag
Exports $1.91BRnk 35 / 223
2023
Flag → Flag
Top Product $1.11BRefined Petroleum
2023
Flag → Flag
Exports $2.29BRnk 10 / 159
2023
Flag → Flag
Top Product $1.64BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
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 GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
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GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
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GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$1,597CURRENT US$
Rnk 164 / 196
2013-2023
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GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195

About

United Kingdom-Nigeria Trade: In 2023, United Kingdom exported $1.91B to Nigeria. The main products that United Kingdom exported to Nigeria were Refined Petroleum ($1.11B), Light Pure Woven Cotton ($41.8M), and Processed Cereals ($37.3M). Over the past 5 years the exports of United Kingdom to Nigeria have increased at an annualized rate of 2.6%, from $1.68B in 2018 to $1.91B in 2023.

In 2014, United Kingdom exported services to Nigeria worth $1.07B, with Travel ($610M), Transportation ($392M), and Government services, n.i.e. ($69.2M) being the largest in terms of value.

Nigeria-United Kingdom Trade: In 2023, Nigeria exported $2.29B to United Kingdom. The main products that Nigeria exported to United Kingdom were Crude Petroleum ($1.64B), Refined Petroleum ($317M), and Petroleum Gas ($261M). Over the past 5 years the exports of Nigeria to United Kingdom have decreased at an annualized rate of 5.9%,  from $3.11B in 2018 to $2.29B in 2023.

In 2023, Nigeria did not export any services to United Kingdom.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). 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, United Kingdom exported £128M and imported £110M from Nigeria, resulting in a positive trade balance of £18.1M. Between November 2023 and November 2024 the exports of United Kingdom have increased by £15.2M (13.5%) from £113M to £128M, while imports decreased by £-49.2M (-30.9%) from £159M to £110M.

Trade In November 2024, the top exports of United Kingdom to Nigeria were Refined Petroleum (£30M), Light Pure Woven Cotton (£2.98M), Planes, Helicopters, and/or Spacecraft (£2.65M), Non-fillet Frozen Fish (£2.17M), and Computers (£2.13M). In November 2024 the top imports of United Kingdom from Nigeria were Refined Petroleum (£84.1M), Precious Metal Scraps (£1.92M), Broadcasting Equipment (£548k), Raw Lead (£357k), and Polyacetals (£279k).

Origins In November 2024 the exports of United Kingdom were mainly from Immingham (£71.4M), London Heathrow Airport (£19.7M), London Gateway (£9.13M), London (£7.46M), and Dover Eurotunnel (£6.96M), while imports destinations were mainly Southampton (£63.9M), Grangemouth (£41.7M), London (£1.46M), London Gateway (£914k), and London Heathrow Airport (£881k).

Growth In November 2024, the increase in United Kingdom's year-by-year exports to Nigeria was explained primarily by an increase in product exports in Planes, Helicopters, and/or Spacecraft (£2.65M or 100k%), Gaskets (£1.88M or 3.54k%), and Computers (£1.78M or 506%). In November 2024, the decrease in United Kingdom's year-by-year imports  from Nigeria was explained primarily by an decrease in product imports  in Gas Turbines (£-1.13M or -99.5%), Beer (£-241k or -87.7%), and Machinery Having Individual Functions (£-144k or -97.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£15.2M(13.5%)
IMPORT GROWTH (November 2023 - November 2024)£-49.2M(-30.9%)
MAIN EXPORTER (November 2024)Immingham£71.4M

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

To check Nigeria and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nigeria and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $1.91B to Nigeria. The main products exported from United Kingdom to Nigeria were Refined Petroleum ($1.11B), Light Pure Woven Cotton ($41.8M), and Processed Cereals ($37.3M). During the last 5 years the exports of United Kingdom to Nigeria have increased at an annualized rate of 2.6%, from $1.68B in 2018 to $1.91B in 2023.

In 2018, Nigeria exported $2.29B to United Kingdom. The main products exported from Nigeria to United Kingdom were Crude Petroleum ($1.64B), Refined Petroleum ($317M), and Petroleum Gas ($261M). During the last 5 years the exports of Nigeria to United Kingdom have decreased at an annualized rate of 5.9%, from $3.11B in 2023 to $2.29B in 2018.

Exports from United Kingdom (Flag) to Nigeria (Flag) (2023)

Exports from Nigeria (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from United Kingdom than Nigeria included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

In 2023, countries that imported more from Nigeria than United Kingdom included Indonesia ($3.44B), Cote d'Ivoire ($2.4B), and Senegal ($1.02B).

Difference in imports from Nigeria (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Nigeria

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Nigeria in the exports of Mineral Products ($1.11B), Machines ($230M), and Foodstuffs ($106M).

During 2018, Nigeria had a large net trade with United Kingdom in the exports of Mineral Products ($2.22B), Chemical Products ($13.2M), and Foodstuffs ($11.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Nigeria+$127MRefined Petroleum
Top Product Potential Nigeria United Kingdom+$1.09BCrude 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 United Kingdom and Nigeria. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Nigeria (Flag) (2023)

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