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Pricing

2022
Flag → Flag
Exports $987kRnk 107 / 166
2022
Flag → Flag
Top Product $558kCoconuts, Brazil Nuts, and Cashews
2022
Flag → Flag
Exports $141kRnk 50 / 79
2022
Flag → Flag
Top Product $58.7kEquine and Bovine Hides
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH-50.6%CURRENT US$
Rnk 186 / 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$6,716CURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP PC GROWTH-57.4%CURRENT US$
Rnk 185 / 186

About

Nigeria-Libya Trade: In 2022, Nigeria exported $987k to Libya. The main products that Nigeria exported to Libya were Coconuts, Brazil Nuts, and Cashews ($558k), Beauty Products ($305k), and Unpackaged Medicaments ($76.9k). Over the past 5 years the exports of Nigeria to Libya have increased at an annualized rate of 37.4%, from $201k in 2017 to $987k in 2022.

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

Libya-Nigeria Trade: In 2022, Libya exported $141k to Nigeria. The main products that Libya exported to Nigeria were Equine and Bovine Hides ($58.7k), Tanned Equine and Bovine Hides ($45.2k), and Cars ($37k). Over the past 5 years the exports of Libya to Nigeria have increased at an annualized rate of 15.4%,  from $68.8k in 2017 to $141k in 2022.

In 2022, Libya 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, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $987k to Libya. The main products exported from Nigeria to Libya were Coconuts, Brazil Nuts, and Cashews ($558k), Beauty Products ($305k), and Unpackaged Medicaments ($76.9k). During the last 5 years the exports of Nigeria to Libya have increased at an annualized rate of 37.4%, from $201k in 2017 to $987k in 2022.

In 2017, Libya exported $141k to Nigeria. The main products exported from Libya to Nigeria were Equine and Bovine Hides ($58.7k), Tanned Equine and Bovine Hides ($45.2k), and Cars ($37k). During the last 5 years the exports of Libya to Nigeria have increased at an annualized rate of 15.4%, from $68.8k in 2022 to $141k in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Libya (Flag)

Nigeria Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Libya
Top DestinationItaly$9.26B

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

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

In 2022, countries that imported more from Libya than Nigeria included Italy ($9.26B), Greece ($2.25B), and United Arab Emirates ($1.63B).

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

Comparative Advantage Nigeria - Libya

Flow
Scale

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

During 2022, Nigeria had a large net trade with Libya in the exports of Vegetable Products ($593k), Chemical Products ($382k), and Stone And Glass ($12.3k).

During 2017, Libya had a large net trade with Nigeria in the exports of Animal Hides ($104k) and Transportation ($37k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Libya+$284kCoconuts, Brazil Nuts, and Cashews
Top Product Potential Libya Nigeria+$57.7kCars

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

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

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

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