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2022
Flag → Flag
Exports $2.35BRnk 7 / 166
2022
Flag → Flag
Top Product $2.14BCrude Petroleum
2022
Flag → Flag
Exports $1.24BRnk 70 / 223
2022
Flag → Flag
Top Product $142MWheat
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 136 / 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$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186

About

Nigeria-Germany Trade: In 2022, Nigeria exported $2.35B to Germany. The main products that Nigeria exported to Germany were Crude Petroleum ($2.14B), Cocoa Butter ($39.1M), and Nitrogenous Fertilizers ($35.4M). Over the past 5 years the exports of Nigeria to Germany have increased at an annualized rate of 5.76%, from $1.78B in 2017 to $2.35B in 2022.

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

Germany-Nigeria Trade: In 2022, Germany exported $1.24B to Nigeria. The main products that Germany exported to Nigeria were Wheat ($142M), Washing and Bottling Machines ($53M), and Cars ($48.3M). Over the past 5 years the exports of Germany to Nigeria have decreased at an annualized rate of 0.57%,  from $1.28B in 2017 to $1.24B in 2022.

In 2020, Germany exported services to Nigeria worth $162M, with Transportation ($77.7M), Other business services ($72M), and Computer and information services ($8M) 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $2.35B to Germany. The main products exported from Nigeria to Germany were Crude Petroleum ($2.14B), Cocoa Butter ($39.1M), and Nitrogenous Fertilizers ($35.4M). During the last 5 years the exports of Nigeria to Germany have increased at an annualized rate of 5.76%, from $1.78B in 2017 to $2.35B in 2022.

In 2017, Germany exported $1.24B to Nigeria. The main products exported from Germany to Nigeria were Wheat ($142M), Washing and Bottling Machines ($53M), and Cars ($48.3M). During the last 5 years the exports of Germany to Nigeria have decreased at an annualized rate of 0.57%, from $1.28B in 2022 to $1.24B in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Germany (Flag)

Nigeria Exports

Germany Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Germany
Top DestinationUnited States$153B

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

In 2022, countries that imported more from Nigeria than Germany included Cote d'Ivoire ($1.97B), Gibraltar ($1.15B), and Togo ($750M).

In 2022, countries that imported more from Germany than Nigeria included United States ($153B), France ($120B), and China ($109B).

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

Comparative Advantage Nigeria - Germany

Flow
Scale

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

During 2022, Nigeria had a large net trade with Germany in the exports of Mineral Products ($2.15B), Foodstuffs ($64.6M), and Vegetable Products ($44.6M).

During 2017, Germany had a large net trade with Nigeria in the exports of Machines ($415M), Vegetable Products ($158M), and Foodstuffs ($137M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Germany+$1.08BCrude Petroleum
Top Product Potential Germany Nigeria+$81MCars

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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Bilateral Service Trade

In 2020, Germany exported services to Nigeria worth $162M, with Transportation ($77.7M), Other business services ($72M), and Computer and information services ($8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Germany (Flag) to Nigeria (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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