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2022
Flag → Flag
Exports $116MRnk 47 / 166
2022
Flag → Flag
Top Product $70.2MPetroleum Gas
2022
Flag → Flag
Exports $83.2MRnk 66 / 208
2022
Flag → Flag
Top Product $16.9MPetroleum Coke
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.33Rnk 50 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$219BCURRENT US$
Rnk 54 / 186
2012-2022
Flag
GDP GROWTH-9.49%CURRENT US$
Rnk 174 / 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$20,732CURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP PC GROWTH-5.39%CURRENT US$
Rnk 154 / 186

About

Nigeria-Greece Trade: In 2022, Nigeria exported $116M to Greece. The main products that Nigeria exported to Greece were Petroleum Gas ($70.2M), Other Oily Seeds ($23M), and Crude Petroleum ($10.7M). Over the past 5 years the exports of Nigeria to Greece have increased at an annualized rate of 46.8%, from $17M in 2017 to $116M in 2022.

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

Greece-Nigeria Trade: In 2022, Greece exported $83.2M to Nigeria. The main products that Greece exported to Nigeria were Petroleum Coke ($16.9M), Refined Petroleum ($12.5M), and Animal Food ($4.12M). Over the past 5 years the exports of Greece to Nigeria have increased at an annualized rate of 1.91%,  from $75.7M in 2017 to $83.2M in 2022.

In 2020, Greece exported services to Nigeria worth $239M, with Transportation ($237M), Other business services ($685k), and Government services, n.i.e. ($343k) 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, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $116M to Greece. The main products exported from Nigeria to Greece were Petroleum Gas ($70.2M), Other Oily Seeds ($23M), and Crude Petroleum ($10.7M). During the last 5 years the exports of Nigeria to Greece have increased at an annualized rate of 46.8%, from $17M in 2017 to $116M in 2022.

In 2017, Greece exported $83.2M to Nigeria. The main products exported from Greece to Nigeria were Petroleum Coke ($16.9M), Refined Petroleum ($12.5M), and Animal Food ($4.12M). During the last 5 years the exports of Greece to Nigeria have increased at an annualized rate of 1.91%, from $75.7M in 2022 to $83.2M in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Greece (Flag)

Nigeria Exports

Greece Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from Nigeria than Greece included India ($8.2B), Spain ($9.41B), and Indonesia ($3.83B).

In 2022, countries that imported more from Greece than Nigeria included Italy ($5.82B), Bulgaria ($3.62B), and Cyprus ($2.92B).

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

Comparative Advantage Nigeria - Greece

Flow
Scale

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

During 2022, Nigeria had a large net trade with Greece in the exports of Mineral Products ($80.9M), Vegetable Products ($25.3M), and Metals ($6.99M).

During 2017, Greece had a large net trade with Nigeria in the exports of Mineral Products ($29.6M), Machines ($17.5M), and Chemical Products ($12.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Greece+$85.9MPetroleum Gas
Top Product Potential Greece Nigeria+$36MRefined Petroleum

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, Greece exported services to Nigeria worth $239M, with Transportation ($237M), Other business services ($685k), and Government services, n.i.e. ($343k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Greece (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 Greece. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Greece. Similarly, a dot/product with the flag of Greece indicates it has a comparative advantage over Nigeria.

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

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