Nigeria (NGA) and Israel (ISR) Trade | The Observatory of Economic Complexity

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Nigeria-Israel Trade: In 2023, Nigeria exported $558M to Israel. The main products that Nigeria exported to Israel were Crude Petroleum ($552M), Other Oily Seeds ($4.62M), and Wood Charcoal ($1.45M). Over the past 5 years the exports of Nigeria to Israel have increased at an annualized rate of 156%, from $5.08M in 2018 to $558M in 2023.

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

Israel-Nigeria Trade: In 2023, Israel exported $25.1M to Nigeria. The main products that Israel exported to Nigeria were Other Edible Preparations ($1.9M), Other Agricultural Machinery ($1.78M), and Other Heating Machinery ($1.67M). Over the past 5 years the exports of Israel to Nigeria have decreased at an annualized rate of 36.2%, from $238M in 2018 to $25.1M in 2023.

In 2012, Israel exported services to Nigeria worth $0, with 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, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nigeria exported $558M to Israel. The main products exported from Nigeria to Israel were Crude Petroleum ($552M), Other Oily Seeds ($4.62M), and Wood Charcoal ($1.45M). During the last 5 years the exports of Nigeria to Israel have increased at an annualized rate of 156%, from $5.08M in 2018 to $558M in 2023.

In 2018, Israel exported $25.1M to Nigeria. The main products exported from Israel to Nigeria were Other Edible Preparations ($1.9M), Other Agricultural Machinery ($1.78M), and Other Heating Machinery ($1.67M). During the last 5 years the exports of Israel to Nigeria have decreased at an annualized rate of 36.2%, from $238M in 2023 to $25.1M in 2018.

Exports from Nigeria () to Israel () (2023)

Exports from Israel () to Nigeria () (2023)

Latest Data

Trade between Nigeria () and Israel ()

Nigeria Exports

Date

Israel Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationUnited States$6.29B

Israel
Top DestinationUnited States$20.3B

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

In 2023, countries that imported more from Nigeria than Israel included Spain ($5.76B), France ($4.76B), and Indonesia ($3.44B).

In 2023, countries that imported more from Israel than Nigeria included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

Difference in imports from Israel () and Nigeria () (2023)

Comparative Advantage Nigeria - Israel

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nigeria had a large net trade with Israel in the exports of Mineral Products ($552M), Vegetable Products ($5.07M), and Wood Products ($1.46M).

During 2018, Israel had a large net trade with Nigeria in the exports of Machines ($9.52M), Foodstuffs ($4.53M), and Chemical Products ($4.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nigeria Israel+$152MCrude Petroleum

Top Product Potential Israel Nigeria+$33.8MRefined 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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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Israel () (2023)

Exports from Israel () to Nigeria () (2023)

Latest Data

Trade between Nigeria () and Israel ()

Nigeria Exports

Israel Exports

Market Competitiveness

Difference in imports from Israel () and Nigeria () (2023)

Comparative Advantage Nigeria - Israel

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Nigeria () and Israel () (2023)

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