Guyana (GUY) and Nigeria (NGA) Trade | The Observatory of Economic Complexity

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Guyana-Nigeria Trade: In 2022, Guyana exported $41.9k to Nigeria. The main products that Guyana exported to Nigeria were Electrical Ignitions ($14.2k), Machinery Having Individual Functions ($5.74k), and Excavation Machinery ($5.02k). Over the past 5 years the exports of Guyana to Nigeria have decreased at an annualized rate of 52.8%, from $1.8M in 2017 to $41.9k in 2022.

In 2022, Guyana did not export any services to Nigeria.

Nigeria-Guyana Trade: In 2022, Nigeria exported $42.3k to Guyana. The main products that Nigeria exported to Guyana were Beauty Products ($20.3k), Spices ($8.69k), and Paintings ($4.09k). Over the past 5 years the exports of Nigeria to Guyana have decreased at an annualized rate of 11.8%, from $79.5k in 2017 to $42.3k in 2022.

In 2022, Nigeria did not export any services to Guyana.

Comparison In 2022, Guyana ranked 80 in total exports ($18.5B), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guyana exported $41.9k to Nigeria. The main products exported from Guyana to Nigeria were Electrical Ignitions ($14.2k), Machinery Having Individual Functions ($5.74k), and Excavation Machinery ($5.02k). During the last 5 years the exports of Guyana to Nigeria have decreased at an annualized rate of 52.8%, from $1.8M in 2017 to $41.9k in 2022.

In 2017, Nigeria exported $42.3k to Guyana. The main products exported from Nigeria to Guyana were Beauty Products ($20.3k), Spices ($8.69k), and Paintings ($4.09k). During the last 5 years the exports of Nigeria to Guyana have decreased at an annualized rate of 11.8%, from $79.5k in 2022 to $42.3k in 2017.

Exports from Guyana () to Nigeria () (2022)

Exports from Nigeria () to Guyana () (2022)

Latest Data

Trade between Guyana () and Nigeria ()

Guyana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guyana
Top DestinationPanama$5.84B

Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from Guyana than Nigeria included Panama ($5.84B), United Arab Emirates ($1.18B), and Austria ($212M).

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

Difference in imports from Nigeria () and Guyana () (2022)

Comparative Advantage Guyana - Nigeria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guyana had a large net trade with Nigeria in the exports of Machines ($33.9k), Instruments ($4.73k), and Textiles ($1.01k).

During 2017, Nigeria had a large net trade with Guyana in the exports of Chemical Products ($20.3k), Vegetable Products ($8.69k), and Textiles ($4.13k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Guyana () to Nigeria () (2022)

Exports from Nigeria () to Guyana () (2022)

Latest Data

Trade between Guyana () and Nigeria ()

Guyana Exports

Market Competitiveness

Difference in imports from Nigeria () and Guyana () (2022)

Comparative Advantage Guyana - Nigeria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guyana () and Nigeria () (2022)

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