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2023
Flag → Flag
Exports $2.04BRnk 11 / 159
2023
Flag → Flag
Top Product $1.86BCrude Petroleum
2023
Flag → Flag
Exports $1.09BRnk 72 / 220
2023
Flag → Flag
Top Product $81.5MElectrical Transformers
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC $1,597CURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195
2023
Flag
GDP PC$54,343CURRENT US$
Rnk 21 / 196
2013-2023
Flag
GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195

About

Nigeria-Germany Trade: In 2023, Nigeria exported $2.04B to Germany. The main products that Nigeria exported to Germany were Crude Petroleum ($1.86B), Cocoa Butter ($38.5M), and Refined Petroleum ($22.8M). Over the past 5 years the exports of Nigeria to Germany have decreased at an annualized rate of 5.83%, from $2.76B in 2018 to $2.04B in 2023.

In 2023, Nigeria did not export any services to Germany.

Germany-Nigeria Trade: In 2023, Germany exported $1.09B to Nigeria. The main products that Germany exported to Nigeria were Electrical Transformers ($81.5M), Electric Generating Sets ($59.1M), and Malt Extract ($57.6M). Over the past 5 years the exports of Germany to Nigeria have decreased at an annualized rate of 0.18%,  from $1.11B in 2018 to $1.09B in 2023.

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 2023,  Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $2.04B to Germany. The main products exported from Nigeria to Germany were Crude Petroleum ($1.86B), Cocoa Butter ($38.5M), and Refined Petroleum ($22.8M). During the last 5 years the exports of Nigeria to Germany have decreased at an annualized rate of 5.83%, from $2.76B in 2018 to $2.04B in 2023.

In 2018, Germany exported $1.09B to Nigeria. The main products exported from Germany to Nigeria were Electrical Transformers ($81.5M), Electric Generating Sets ($59.1M), and Malt Extract ($57.6M). During the last 5 years the exports of Germany to Nigeria have decreased at an annualized rate of 0.18%, from $1.11B in 2023 to $1.09B in 2018.

Exports from Nigeria (Flag) to Germany (Flag) (2023)

Exports from Germany (Flag) to Nigeria (Flag) (2023)

Latest Data

Trade between Nigeria (Flag) and Germany (Flag)

Nigeria Exports

Germany Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Germany
Top DestinationUnited States$157B

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 2023, countries that imported more from Nigeria than Germany included Cote d'Ivoire ($2.4B), Senegal ($1.02B), and Gibraltar ($478M).

In 2023, countries that imported more from Germany than Nigeria included United States ($157B), France ($118B), and Netherlands ($108B).

Difference in imports from Germany (Flag) and Nigeria (Flag) (2023)

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 2023, Nigeria had a large net trade with Germany in the exports of Mineral Products ($1.89B), Foodstuffs ($80.5M), and Vegetable Products ($46.3M).

During 2018, Germany had a large net trade with Nigeria in the exports of Machines ($434M), Foodstuffs ($149M), and Chemical Products ($106M).

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) (2023)

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