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2023
Flag → Flag
Exports $3.59MRnk 89 / 159
2023
Flag → Flag
Top Product $2.78MNitrogenous Fertilizers
2023
Flag → Flag
Exports $541kRnk 123 / 174
2023
Flag → Flag
Top Product $247kNon-fillet Frozen Fish
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 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$6,610CURRENT US$
Rnk 109 / 196
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195

About

Nigeria-Ecuador Trade: In 2023, Nigeria exported $3.59M to Ecuador. The main products that Nigeria exported to Ecuador were Nitrogenous Fertilizers ($2.78M), Perfume Plants ($622k), and Cut Flowers ($92.3k). Over the past 5 years the exports of Nigeria to Ecuador have increased at an annualized rate of 498%, from $471 in 2018 to $3.59M in 2023.

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

Ecuador-Nigeria Trade: In 2023, Ecuador exported $541k to Nigeria. The main products that Ecuador exported to Nigeria were Non-fillet Frozen Fish ($247k), Animal Meal and Pellets ($131k), and Cut Flowers ($49.2k). Over the past 5 years the exports of Ecuador to Nigeria have increased at an annualized rate of 11.3%,  from $317k in 2018 to $541k in 2023.

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

Comparison: In 2023,  Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $3.59M to Ecuador. The main products exported from Nigeria to Ecuador were Nitrogenous Fertilizers ($2.78M), Perfume Plants ($622k), and Cut Flowers ($92.3k). During the last 5 years the exports of Nigeria to Ecuador have increased at an annualized rate of 498%, from $471 in 2018 to $3.59M in 2023.

In 2018, Ecuador exported $541k to Nigeria. The main products exported from Ecuador to Nigeria were Non-fillet Frozen Fish ($247k), Animal Meal and Pellets ($131k), and Cut Flowers ($49.2k). During the last 5 years the exports of Ecuador to Nigeria have increased at an annualized rate of 11.3%, from $317k in 2023 to $541k in 2018.

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

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

Latest Data

Trade between Nigeria (Flag) and Ecuador (Flag)

Ecuador Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Nigeria than Ecuador included Spain ($5.76B), France ($4.76B), and Netherlands ($4.35B).

In 2023, countries that imported more from Ecuador than Nigeria included China ($7.96B), Panama ($4.38B), and United States ($8.34B).

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

Comparative Advantage Nigeria - Ecuador

Flow
Scale

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

During 2023, Nigeria had a large net trade with Ecuador in the exports of Chemical Products ($2.78M), Vegetable Products ($723k), and Stone And Glass ($81.5k).

During 2018, Ecuador had a large net trade with Nigeria in the exports of Animal Products ($247k), Foodstuffs ($131k), and Machines ($94.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Ecuador+$82.6kFloat Glass
Top Product Potential Ecuador Nigeria+$748kNon-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 Ecuador. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Nigeria.

Product Space of Nigeria (Flag) and Ecuador (Flag) (2023)

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