2023
Flag  
GDP
$243BCURRENT US$
Rnk 54 / 195
2013-2023
Flag
GDP GROWTH
2.93%CURRENT US$
Rnk 166 / 195
2023
Flag
 GDP
$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH
-30%CURRENT US$
Rnk 191 / 195
2023
Flag
GDP PC 
$23,401CURRENT US$
Rnk 53 / 195
2013-2023
Flag
GDP PC GROWTH
8.47%CURRENT US$
Rnk 139 / 195
2023
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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

Greece-Nigeria Trade: In 2023, Greece exported $91.8M to Nigeria. The main products that Greece exported to Nigeria were Petroleum Coke ($23.3M), Refined Petroleum ($20.2M), and Metal Stoppers ($6.24M). Over the past 5 years the exports of Greece to Nigeria have increased at an annualized rate of 7.59%, from $63.6M in 2018 to $91.8M in 2023.

In 2020, Greece exported services to Nigeria worth $239M, with Transportation ($237M), Other business services ($685k), and Government services, n.i.e. ($343k) being the largest in terms of value.

Nigeria-Greece Trade: In 2023, Nigeria exported $284M to Greece. The main products that Nigeria exported to Greece were Crude Petroleum ($157M), Petroleum Gas ($88.7M), and Other Oily Seeds ($21.6M). Over the past 5 years the exports of Nigeria to Greece have increased at an annualized rate of 62.2%,  from $25.3M in 2018 to $284M in 2023.

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

Comparison: In 2023,  Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). 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
Value

In 2023, Greece exported $91.8M to Nigeria. The main products exported from Greece to Nigeria were Petroleum Coke ($23.3M), Refined Petroleum ($20.2M), and Metal Stoppers ($6.24M). During the last 5 years the exports of Greece to Nigeria have increased at an annualized rate of 7.59%, from $63.6M in 2018 to $91.8M in 2023.

In 2018, Nigeria exported $284M to Greece. The main products exported from Nigeria to Greece were Crude Petroleum ($157M), Petroleum Gas ($88.7M), and Other Oily Seeds ($21.6M). During the last 5 years the exports of Nigeria to Greece have increased at an annualized rate of 62.2%, from $25.3M in 2023 to $284M in 2018.

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

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

Latest Data

Trade between Greece (Flag) and Nigeria (Flag)

Greece Exports

Nigeria Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$6.21B
Nigeria
Top Destination
United States$6.29B

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

In 2023, countries that imported more from Greece than Nigeria included Italy ($6.21B), Cyprus ($3.03B), and Bulgaria ($2.38B).

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

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

Comparative Advantage Greece - Nigeria

Flow
Scale

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

During 2023, Greece had a large net trade with Nigeria in the exports of Mineral Products ($46M), Machines ($11.1M), and Metals ($9.44M).

During 2018, Nigeria had a large net trade with Greece in the exports of Mineral Products ($246M), Vegetable Products ($22.2M), and Metals ($7.43M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Greece Nigeria+$36MRefined Petroleum
Top Product Potential Nigeria Greece+$85.9MPetroleum Gas

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

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

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