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Pricing

2022
Flag → Flag
Exports $7.64MRnk 72 / 166
2022
Flag → Flag
Top Product $3.31MEthylene Polymers
2022
Flag → Flag
Exports $334MRnk 43 / 210
2022
Flag → Flag
Top Product $123MMalt Extract
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH135%CURRENT US$
Rnk 7 / 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$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186

About

Nigeria-Ireland Trade: In 2022, Nigeria exported $7.64M to Ireland. The main products that Nigeria exported to Ireland were Ethylene Polymers ($3.31M), Scrap Plastic ($2.01M), and Polyacetals ($571k). Over the past 5 years the exports of Nigeria to Ireland have decreased at an annualized rate of 44.4%, from $144M in 2017 to $7.64M in 2022.

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

Ireland-Nigeria Trade: In 2022, Ireland exported $334M to Nigeria. The main products that Ireland exported to Nigeria were Malt Extract ($123M), Scented Mixtures ($50.7M), and Concentrated Milk ($44.1M). Over the past 5 years the exports of Ireland to Nigeria have increased at an annualized rate of 0.45%,  from $327M in 2017 to $334M in 2022.

In 2020, Ireland exported services to Nigeria worth $26.3M, with Financial services ($10.3M), Travel ($8M), and Other business 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, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $7.64M to Ireland. The main products exported from Nigeria to Ireland were Ethylene Polymers ($3.31M), Scrap Plastic ($2.01M), and Polyacetals ($571k). During the last 5 years the exports of Nigeria to Ireland have decreased at an annualized rate of 44.4%, from $144M in 2017 to $7.64M in 2022.

In 2017, Ireland exported $334M to Nigeria. The main products exported from Ireland to Nigeria were Malt Extract ($123M), Scented Mixtures ($50.7M), and Concentrated Milk ($44.1M). During the last 5 years the exports of Ireland to Nigeria have increased at an annualized rate of 0.45%, from $327M in 2022 to $334M in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Ireland (Flag)

Nigeria Exports

Ireland Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Ireland
Top DestinationUnited States$70.7B

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

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

In 2022, countries that imported more from Ireland than Nigeria included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

Comparative Advantage Nigeria - Ireland

Flow
Scale

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

During 2022, Nigeria had a large net trade with Ireland in the exports of Plastics and Rubbers ($5.96M), Foodstuffs ($418k), and Chemical Products ($242k).

During 2017, Ireland had a large net trade with Nigeria in the exports of Foodstuffs ($133M), Animal Products ($88.8M), and Chemical Products ($60.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Ireland+$583kPolyacetals
Top Product Potential Ireland Nigeria+$9.14MScented Mixtures

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, Ireland exported services to Nigeria worth $26.3M, with Financial services ($10.3M), Travel ($8M), and Other business services ($8M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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