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Pricing

2022
Flag → Flag
Exports $1.87BRnk 38 / 224
2022
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Top Product $923MRefined Petroleum
2022
Flag → Flag
Exports $2.06BRnk 9 / 166
2022
Flag → Flag
Top Product $1.33BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 12 / 124
2022
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Economic Complexity (ECI) ECI -1.67Rnk 119 / 124
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
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 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
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GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
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GDP PC$2,184CURRENT US$
Rnk 146 / 186
2012-2022
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GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

United Kingdom-Nigeria In 2022, United Kingdom exported $1.87B to Nigeria. The main products that United Kingdom exported to Nigeria are Refined Petroleum ($923M), Light Pure Woven Cotton ($60.9M), and Acyclic Alcohols ($48.2M). During the last 27 years the exports of United Kingdom to Nigeria have increased at an annualized rate of 4.09%, from $635M in 1995 to $1.87B in 2022.

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 In 2022, Nigeria exported $2.06B to United Kingdom. The main products that Nigeria exported to United Kingdom were Crude Petroleum ($1.33B), Refined Petroleum ($446M), and Petroleum Gas ($210M). During the last 27 years the exports of Nigeria to United Kingdom have increased at an annualized rate of 8.17%, from $247M in 1995 to $2.06B in 2022.

In 2022, Nigeria did not export any services to United Kingdom.

Comparison In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.38), and 14 in total exports ($469B). That same year, Nigeria ranked 119 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Latest Trends

January, 2024

About

Overview In January 2024, United Kingdom exported £100M and imported £28.7M from Nigeria, resulting in a positive trade balance of £71.5M. Between January 2023 and January 2024 the exports of United Kingdom have increased by £27.3M (37.4%) from £72.9M to £100M, while imports decreased by £-60.6M (-67.8%) from £89.3M to £28.7M.

Trade In January 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 January 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 January 2024 the exports of United Kingdom were mainly from Immingham (£58.6M), London Heathrow Airport (£13.7M), London Gateway (£9.66M), London (£7.69M), and East Midlands Airport (£1.99M), while imports destinations were mainly Medway (£24.6M), London (£1.17M), London Heathrow Airport (£860k), Middlesbrough (£530k), and Southampton (£446k).

Growth In January 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 January 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

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)£27.3M(37.4%)
IMPORT GROWTH (January 2023 - January 2024)£-60.6M(-67.8%)
MAIN EXPORTER (January 2024)Immingham£58.6M

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 2022, United Kingdom exported $1.87B to Nigeria. The main products exported from United Kingdom to Nigeria were Refined Petroleum ($923M), Light Pure Woven Cotton ($60.9M), and Acyclic Alcohols ($48.2M). During the last 27 years the exports of United Kingdom to Nigeria have increased at an annualized rate of 4.09%, from $635M in 1995 to $1.87B in 2022.

In 2022, Nigeria exported $2.06B to United Kingdom. The main products exported from Nigeria to United Kingdom were Crude Petroleum ($1.33B), Refined Petroleum ($446M), and Petroleum Gas ($210M). During the last 27 years the exports of Nigeria to United Kingdom have increased at an annualized rate of 8.17%, from $247M in 1995 to $2.06B in 2022.

Exports from United Kingdom (Flag) to Nigeria (Flag) (2022)

Exports from Nigeria (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Nigeria
Top DestinationSpain$9.41B

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 2021, countries that imported more from United Kingdom than Nigeria were United States ($61.8B), Germany ($40.6B), and Netherlands ($41.9B).

In 2021, countries that imported more from Nigeria than United Kingdom were Indonesia ($3.83B), India ($8.2B), and Cote d'Ivoire ($1.97B).

Difference in imports from Nigeria (Flag) and United Kingdom (Flag) (2022)

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 2022, United Kingdom had a large net trade with Nigeria in the exports of Mineral Products ($925M), Machines ($254M), and Chemical Products ($184M).

During 2022, Nigeria had a large net trade with United Kingdom in the exports of Mineral Products ($1.99B), Metals ($14.2M), and Foodstuffs ($14.2M).

Service Trade

Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to Nigeria (Flag) (2014)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Nigeria. Similarly, the more yellow a dot/product is, the more Nigeria has comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Nigeria (Flag) (2022)

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