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Pricing

2022
Flag → Flag
Exports $12.1MRnk 22 / 63
2022
Flag → Flag
Top Product $7.81MAcyclic Alcohols
2022
Flag → Flag
Exports $117MRnk 46 / 166
2022
Flag → Flag
Top Product $116MSpecial Purpose Ships
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$11.8BCURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP GROWTH-47.2%CURRENT US$
Rnk 184 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC $7,053CURRENT US$
Rnk 90 / 186
2012-2022
Flag
GDP PC GROWTH-62.4%CURRENT US$
Rnk 186 / 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

Equatorial Guinea-Nigeria Trade: In 2022, Equatorial Guinea exported $12.1M to Nigeria. The main products that Equatorial Guinea exported to Nigeria were Acyclic Alcohols ($7.81M), Petroleum Gas ($3.89M), and Machinery Having Individual Functions ($192k). Over the past 5 years the exports of Equatorial Guinea to Nigeria have increased at an annualized rate of 77.1%, from $692k in 2017 to $12.1M in 2022.

In 2022, Equatorial Guinea did not export any services to Nigeria.

Nigeria-Equatorial Guinea Trade: In 2022, Nigeria exported $117M to Equatorial Guinea. The main products that Nigeria exported to Equatorial Guinea were Special Purpose Ships ($116M), Scrap Vessels ($1.2M), and Flavored Water ($66.3k). Over the past 5 years the exports of Nigeria to Equatorial Guinea have increased at an annualized rate of 310%,  from $101k in 2017 to $117M in 2022.

In 2022, Nigeria did not export any services to Equatorial Guinea.

Comparison In 2022,  Equatorial Guinea ranked 108 in total exports ($8.63B), 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, Equatorial Guinea exported $12.1M to Nigeria. The main products exported from Equatorial Guinea to Nigeria were Acyclic Alcohols ($7.81M), Petroleum Gas ($3.89M), and Machinery Having Individual Functions ($192k). During the last 5 years the exports of Equatorial Guinea to Nigeria have increased at an annualized rate of 77.1%, from $692k in 2017 to $12.1M in 2022.

In 2017, Nigeria exported $117M to Equatorial Guinea. The main products exported from Nigeria to Equatorial Guinea were Special Purpose Ships ($116M), Scrap Vessels ($1.2M), and Flavored Water ($66.3k). During the last 5 years the exports of Nigeria to Equatorial Guinea have increased at an annualized rate of 310%, from $101k in 2022 to $117M in 2017.

Exports from Equatorial Guinea (Flag) to Nigeria (Flag) (2022)

Exports from Nigeria (Flag) to Equatorial Guinea (Flag) (2022)

Latest Data

Trade between Equatorial Guinea (Flag) and Nigeria (Flag)

Nigeria Exports

Market Competitiveness

Color
Equatorial Guinea
Top DestinationZambia$1.84B
Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from Equatorial Guinea than Nigeria included Zambia ($1.84B), Chile ($413M), and Argentina ($170M).

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

Difference in imports from Nigeria (Flag) and Equatorial Guinea (Flag) (2022)

Comparative Advantage Equatorial Guinea - Nigeria

Flow
Scale

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

During 2022, Equatorial Guinea had a large net trade with Nigeria in the exports of Chemical Products ($7.84M), Mineral Products ($3.89M), and Machines ($193k).

During 2017, Nigeria had a large net trade with Equatorial Guinea in the exports of Transportation ($117M) and Foodstuffs ($66.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Equatorial Guinea Nigeria+$5.55MPetroleum Gas
Top Product Potential Nigeria Equatorial Guinea+$42.7kFlavored Water

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 Equatorial Guinea and Nigeria. This means that a dot/product with the flag of Equatorial Guinea indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over Equatorial Guinea.

Product Space of Equatorial Guinea (Flag) and Nigeria (Flag) (2022)

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