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Pricing

2022
Flag → Flag
Exports $340MRnk 71 / 211
2022
Flag → Flag
Top Product $53.1MArtificial Filament Tow
2022
Flag → Flag
Exports $1.31BRnk 17 / 166
2022
Flag → Flag
Top Product $936MPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC $33,815CURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 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

Japan-Nigeria Trade: In 2022, Japan exported $340M to Nigeria. The main products that Japan exported to Nigeria were Artificial Filament Tow ($53.1M), Synthetic Filament Tow ($40M), and Delivery Trucks ($38M). Over the past 5 years the exports of Japan to Nigeria have decreased at an annualized rate of 2.84%, from $392M in 2017 to $340M in 2022.

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

Nigeria-Japan Trade: In 2022, Nigeria exported $1.31B to Japan. The main products that Nigeria exported to Japan were Petroleum Gas ($936M), Raw Aluminium ($183M), and Other Oily Seeds ($106M). Over the past 5 years the exports of Nigeria to Japan have increased at an annualized rate of 8.92%,  from $858M in 2017 to $1.31B in 2022.

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

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). That same year, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Latest Trends

August, 2024

About

Overview In August 2024, Japan exported ¥3.33B and imported ¥5.76B from Nigeria, resulting in a negative trade balance of ¥2.43B. Between August 2023 and August 2024 the exports of Japan have decreased by ¥-2.44B (-42.3%) from ¥5.77B to ¥3.33B, while imports increased by ¥1.42B (32.8%) from ¥4.34B to ¥5.76B.

Trade In August 2024, the top exports of Japan to Nigeria were Cars (¥639M), Hot-Rolled Iron (¥491M), Delivery Trucks (¥475M), Synthetic Filament Tow (¥447M), and Liquid Pumps (¥137M). In August 2024 the top imports of Japan from Nigeria were Raw Aluminium (¥2B), Scrap Copper (¥445M), Other Oily Seeds (¥253M), Commodities not elsewhere specified (¥24.7M), and Other Vegetable Products (¥2.11M).

Origins In August 2024 the exports of Japan were mainly from Aichi (¥1.44B), Kanagawa (¥784M), Hyōgo (¥636M), Osaka (¥191M), and Chiba (¥132M), while imports destinations were mainly Aichi (¥2.3B), Hyōgo (¥1.52B), Kanagawa (¥702M), Fukuoka (¥490M), and Ehime (¥421M).

Growth In August 2024, the decrease in Japan's year-by-year exports to Nigeria was explained primarily by an decrease in product exports in Laboratory Reagents (¥-245M or -99.5%), Acrylic Polymers (¥-106M or -80.3%), and Air Pumps (¥-76.1M or -99.6%). In August 2024, the increase in Japan's year-by-year imports  from Nigeria was explained primarily by an increase in product imports  in Scrap Copper (¥363M or 444%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)¥-2.44B(-42.3%)
IMPORT GROWTH (August 2023 - August 2024)¥1.42B(32.8%)
MAIN EXPORTER (August 2024)Aichi¥1.44B

This section shows exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Japan over time.

To check Nigeria and Japan trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nigeria and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $340M to Nigeria. The main products exported from Japan to Nigeria were Artificial Filament Tow ($53.1M), Synthetic Filament Tow ($40M), and Delivery Trucks ($38M). During the last 5 years the exports of Japan to Nigeria have decreased at an annualized rate of 2.84%, from $392M in 2017 to $340M in 2022.

In 2017, Nigeria exported $1.31B to Japan. The main products exported from Nigeria to Japan were Petroleum Gas ($936M), Raw Aluminium ($183M), and Other Oily Seeds ($106M). During the last 5 years the exports of Nigeria to Japan have increased at an annualized rate of 8.92%, from $858M in 2022 to $1.31B in 2017.

Exports from Japan (Flag) to Nigeria (Flag) (2022)

Exports from Nigeria (Flag) to Japan (Flag) (2022)

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from Japan than Nigeria included China ($135B), United States ($137B), and Chinese Taipei ($50.1B).

In 2022, countries that imported more from Nigeria than Japan included Spain ($9.41B), Cote d'Ivoire ($1.97B), and Portugal ($1.93B).

Difference in imports from Nigeria (Flag) and Japan (Flag) (2022)

Comparative Advantage Japan - Nigeria

Flow
Scale

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

During 2022, Japan had a large net trade with Nigeria in the exports of Transportation ($105M), Textiles ($99.9M), and Machines ($54.6M).

During 2017, Nigeria had a large net trade with Japan in the exports of Mineral Products ($937M), Metals ($270M), and Vegetable Products ($106M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Nigeria+$50.7MCars
Top Product Potential Nigeria Japan+$465MPetroleum 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 Japan and Nigeria. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over Japan.

Product Space of Japan (Flag) and Nigeria (Flag) (2022)

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