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Pricing

2022
Flag → Flag
Exports $9.94MRnk 67 / 166
2022
Flag → Flag
Top Product $1.44MNatural Polymers
2022
Flag → Flag
Exports $9.05MRnk 52 / 150
2022
Flag → Flag
Top Product $5.42MPassenger and Cargo Ships
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.55Rnk 126 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$107BCURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP GROWTH-14.6%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$2,999CURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP PC GROWTH-39.6%CURRENT US$
Rnk 182 / 186

About

Nigeria-Angola Trade: In 2022, Nigeria exported $9.94M to Angola. The main products that Nigeria exported to Angola were Natural Polymers ($1.44M), Raw Plastic Sheeting ($1.33M), and Engine Parts ($665k). Over the past 5 years the exports of Nigeria to Angola have decreased at an annualized rate of 36.2%, from $94.4M in 2017 to $9.94M in 2022.

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

Angola-Nigeria Trade: In 2022, Angola exported $9.05M to Nigeria. The main products that Angola exported to Nigeria were Passenger and Cargo Ships ($5.42M), Non-fillet Frozen Fish ($1.38M), and Special Purpose Ships ($629k). Over the past 5 years the exports of Angola to Nigeria have decreased at an annualized rate of 8.32%,  from $14M in 2017 to $9.05M in 2022.

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

Comparison: In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Angola ranked 126 in the Economic Complexity Index (ECI -1.55), and 58 in total exports ($54.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $9.94M to Angola. The main products exported from Nigeria to Angola were Natural Polymers ($1.44M), Raw Plastic Sheeting ($1.33M), and Engine Parts ($665k). During the last 5 years the exports of Nigeria to Angola have decreased at an annualized rate of 36.2%, from $94.4M in 2017 to $9.94M in 2022.

In 2017, Angola exported $9.05M to Nigeria. The main products exported from Angola to Nigeria were Passenger and Cargo Ships ($5.42M), Non-fillet Frozen Fish ($1.38M), and Special Purpose Ships ($629k). During the last 5 years the exports of Angola to Nigeria have decreased at an annualized rate of 8.32%, from $14M in 2022 to $9.05M in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Angola (Flag)

Nigeria Exports

Angola Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Angola
Top DestinationChina$21.8B

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

In 2022, countries that imported more from Nigeria than Angola included Spain ($9.41B), United States ($4.83B), and India ($8.2B).

In 2022, countries that imported more from Angola than Nigeria included China ($21.8B), United Arab Emirates ($3.63B), and Belgium ($1.26B).

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

Comparative Advantage Nigeria - Angola

Flow
Scale

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

During 2022, Nigeria had a large net trade with Angola in the exports of Machines ($3.96M), Plastics and Rubbers ($3.35M), and Transportation ($673k).

During 2017, Angola had a large net trade with Nigeria in the exports of Transportation ($6.1M), Animal Products ($1.38M), and Metals ($348k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Angola+$402kRaw Plastic Sheeting
Top Product Potential Angola Nigeria+$529kNon-fillet Frozen Fish

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

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

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