Nigeria (NGA) and Cyprus (CYP) Trade | The Observatory of Economic Complexity

About

Nigeria-Cyprus Trade: In 2022, Nigeria exported $1.08M to Cyprus. The main products that Nigeria exported to Cyprus were Wood Charcoal ($358k), Coconuts, Brazil Nuts, and Cashews ($219k), and Other Oily Seeds ($122k). Over the past 5 years the exports of Nigeria to Cyprus have increased at an annualized rate of 0.17%, from $1.07M in 2017 to $1.08M in 2022.

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

Cyprus-Nigeria Trade: In 2022, Cyprus exported $56.2M to Nigeria. The main products that Cyprus exported to Nigeria were Refined Petroleum ($51.5M), Packaged Medicaments ($511k), and Carbonates ($444k). Over the past 5 years the exports of Cyprus to Nigeria have increased at an annualized rate of 35.7%, from $12.2M in 2017 to $56.2M in 2022.

In 2020, Cyprus exported services to Nigeria worth $3.43M, with Transportation ($3.43M) being the largest in terms of value.

Comparison In 2022, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nigeria exported $1.08M to Cyprus. The main products exported from Nigeria to Cyprus were Wood Charcoal ($358k), Coconuts, Brazil Nuts, and Cashews ($219k), and Other Oily Seeds ($122k). During the last 5 years the exports of Nigeria to Cyprus have increased at an annualized rate of 0.17%, from $1.07M in 2017 to $1.08M in 2022.

In 2017, Cyprus exported $56.2M to Nigeria. The main products exported from Cyprus to Nigeria were Refined Petroleum ($51.5M), Packaged Medicaments ($511k), and Carbonates ($444k). During the last 5 years the exports of Cyprus to Nigeria have increased at an annualized rate of 35.7%, from $12.2M in 2022 to $56.2M in 2017.

Exports from Nigeria () to Cyprus () (2022)

Exports from Cyprus () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Cyprus ()

Nigeria Exports

Date

Cyprus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationSpain$9.41B

Cyprus
Top DestinationHong Kong$482M

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

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

In 2022, countries that imported more from Cyprus than Nigeria included Hong Kong ($482M), Greece ($471M), and Lebanon ($329M).

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

Comparative Advantage Nigeria - Cyprus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nigeria had a large net trade with Cyprus in the exports of Vegetable Products ($366k), Wood Products ($359k), and Footwear and Headwear ($116k).

During 2017, Cyprus had a large net trade with Nigeria in the exports of Mineral Products ($51.5M), Machines ($1.24M), and Chemical Products ($1.18M).

Bilateral Service Trade

Cyp Year

In 2020, Cyprus exported services to Nigeria worth $3.43M, with Transportation ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Cyprus () to Nigeria () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Cyprus () (2022)

Exports from Cyprus () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Cyprus ()

Nigeria Exports

Cyprus Exports

Market Competitiveness

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

Comparative Advantage Nigeria - Cyprus

Bilateral Service Trade

Services Exports from Cyprus () to Nigeria () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Keep Exploring