Nigeria (NGA) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Nigeria-Georgia Trade: In 2022, Nigeria exported $281k to Georgia. The main products that Nigeria exported to Georgia were Perfume Plants ($190k), Other Oily Seeds ($42.6k), and Cut Flowers ($16.1k). Over the past 5 years the exports of Nigeria to Georgia have decreased at an annualized rate of 8.87%, from $446k in 2017 to $281k in 2022.

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

Georgia-Nigeria Trade: In 2022, Georgia exported $9.45M to Nigeria. The main products that Georgia exported to Nigeria were Nitrites and Nitrates ($5.4M), Nitrogenous Fertilizers ($3.65M), and Organo-Sulfur Compounds ($146k). Over the past 5 years the exports of Georgia to Nigeria have increased at an annualized rate of 119%, from $189k in 2017 to $9.45M in 2022.

In 2022, Georgia 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, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nigeria exported $281k to Georgia. The main products exported from Nigeria to Georgia were Perfume Plants ($190k), Other Oily Seeds ($42.6k), and Cut Flowers ($16.1k). During the last 5 years the exports of Nigeria to Georgia have decreased at an annualized rate of 8.87%, from $446k in 2017 to $281k in 2022.

In 2017, Georgia exported $9.45M to Nigeria. The main products exported from Georgia to Nigeria were Nitrites and Nitrates ($5.4M), Nitrogenous Fertilizers ($3.65M), and Organo-Sulfur Compounds ($146k). During the last 5 years the exports of Georgia to Nigeria have increased at an annualized rate of 119%, from $189k in 2022 to $9.45M in 2017.

Exports from Nigeria () to Georgia () (2022)

Exports from Georgia () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Georgia ()

Nigeria Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationSpain$9.41B

Georgia
Top DestinationChina$759M

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

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

In 2022, countries that imported more from Georgia than Nigeria included Azerbaijan ($668M), Russia ($642M), and Armenia ($571M).

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

Comparative Advantage Nigeria - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nigeria had a large net trade with Georgia in the exports of Vegetable Products ($258k), Foodstuffs ($12.6k), and Animal Products ($2.96k).

During 2017, Georgia had a large net trade with Nigeria in the exports of Chemical Products ($9.24M), Transportation ($91.5k), and Vegetable Products ($66k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nigeria Georgia+$57.4kOther Oily Seeds

Top Product Potential Georgia Nigeria+$129kCars

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Georgia () (2022)

Exports from Georgia () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Georgia ()

Nigeria Exports

Georgia Exports

Market Competitiveness

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

Comparative Advantage Nigeria - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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