Georgia (GEO) and Nigeria (NGA) Trade | The Observatory of Economic Complexity

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Georgia-Nigeria Trade: In 2023, Georgia exported $422k to Nigeria. The main products that Georgia exported to Nigeria were Organo-Sulfur Compounds ($112k), Sulfate Chemical Woodpulp ($89.7k), and Packaged Medicaments ($43.6k). Over the past 5 years the exports of Georgia to Nigeria have increased at an annualized rate of 10.7%, from $255k in 2018 to $422k in 2023.

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

Nigeria-Georgia Trade: In 2023, Nigeria exported $593k to Georgia. The main products that Nigeria exported to Georgia were Cut Flowers ($246k), Perfume Plants ($134k), and Coconuts, Brazil Nuts, and Cashews ($98.8k). Over the past 5 years the exports of Nigeria to Georgia have increased at an annualized rate of 0.77%, from $570k in 2018 to $593k in 2023.

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

Comparison: In 2023, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Georgia exported $422k to Nigeria. The main products exported from Georgia to Nigeria were Organo-Sulfur Compounds ($112k), Sulfate Chemical Woodpulp ($89.7k), and Packaged Medicaments ($43.6k). During the last 5 years the exports of Georgia to Nigeria have increased at an annualized rate of 10.7%, from $255k in 2018 to $422k in 2023.

In 2018, Nigeria exported $593k to Georgia. The main products exported from Nigeria to Georgia were Cut Flowers ($246k), Perfume Plants ($134k), and Coconuts, Brazil Nuts, and Cashews ($98.8k). During the last 5 years the exports of Nigeria to Georgia have increased at an annualized rate of 0.77%, from $570k in 2023 to $593k in 2018.

Exports from Georgia () to Nigeria () (2023)

Exports from Nigeria () to Georgia () (2023)

Latest Data

Trade between Georgia () and Nigeria ()

Georgia Exports

Date

Nigeria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Georgia than Nigeria included Azerbaijan ($828M), Armenia ($712M), and Russia ($657M).

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

Difference in imports from Nigeria () and Georgia () (2023)

Comparative Advantage Georgia - Nigeria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Georgia had a large net trade with Nigeria in the exports of Chemical Products ($156k), Paper Goods ($89.8k), and Foodstuffs ($78.8k).

During 2018, Nigeria had a large net trade with Georgia in the exports of Vegetable Products ($534k), Wood Products ($25.2k), and Foodstuffs ($13.1k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Nigeria+$129kCars

Top Product Potential Nigeria Georgia+$57.4kOther Oily Seeds

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Georgia () to Nigeria () (2023)

Exports from Nigeria () to Georgia () (2023)

Latest Data

Trade between Georgia () and Nigeria ()

Georgia Exports

Nigeria Exports

Market Competitiveness

Difference in imports from Nigeria () and Georgia () (2023)

Comparative Advantage Georgia - Nigeria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Georgia () and Nigeria () (2023)

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