Nigeria (NGA) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Nigeria-Kuwait Trade: In 2022, Nigeria exported $491M to Kuwait. The main products that Nigeria exported to Kuwait were Petroleum Gas ($477M), Wood Charcoal ($10.8M), and Coconuts, Brazil Nuts, and Cashews ($1.95M). Over the past 5 years the exports of Nigeria to Kuwait have increased at an annualized rate of 36.2%, from $105M in 2017 to $491M in 2022.

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

Kuwait-Nigeria Trade: In 2022, Kuwait exported $98.6M to Nigeria. The main products that Kuwait exported to Nigeria were Cars ($55.6M), Refined Petroleum ($26.1M), and Buses ($8.32M). Over the past 5 years the exports of Kuwait to Nigeria have increased at an annualized rate of 119%, from $1.97M in 2017 to $98.6M in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nigeria exported $491M to Kuwait. The main products exported from Nigeria to Kuwait were Petroleum Gas ($477M), Wood Charcoal ($10.8M), and Coconuts, Brazil Nuts, and Cashews ($1.95M). During the last 5 years the exports of Nigeria to Kuwait have increased at an annualized rate of 36.2%, from $105M in 2017 to $491M in 2022.

In 2017, Kuwait exported $98.6M to Nigeria. The main products exported from Kuwait to Nigeria were Cars ($55.6M), Refined Petroleum ($26.1M), and Buses ($8.32M). During the last 5 years the exports of Kuwait to Nigeria have increased at an annualized rate of 119%, from $1.97M in 2022 to $98.6M in 2017.

Exports from Nigeria () to Kuwait () (2022)

Exports from Kuwait () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Kuwait ()

Nigeria Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationSpain$9.41B

Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Nigeria than Kuwait included Spain ($9.41B), Netherlands ($4.23B), and Indonesia ($3.83B).

In 2022, countries that imported more from Kuwait than Nigeria included China ($24.3B), South Korea ($10.8B), and Japan ($8.64B).

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

Comparative Advantage Nigeria - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nigeria had a large net trade with Kuwait in the exports of Mineral Products ($477M), Wood Products ($10.9M), and Vegetable Products ($2.38M).

During 2017, Kuwait had a large net trade with Nigeria in the exports of Transportation ($67.1M), Mineral Products ($26.1M), and Machines ($4.44M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nigeria Kuwait+$619kCoconuts, Brazil Nuts, and Cashews

Top Product Potential Kuwait Nigeria+$47.9MRefined 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 Kuwait. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Nigeria.

About

Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Kuwait () (2022)

Exports from Kuwait () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Kuwait ()

Nigeria Exports

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Nigeria - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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