Nigeria (NGA) and North Korea (PRK) Trade | The Observatory of Economic Complexity

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Nigeria-North Korea Trade: In 2022, Nigeria exported $1.01M to North Korea. The main products that Nigeria exported to North Korea were Spices ($726k), Raw Aluminium ($216k), and Soap ($71.6k). Over the past 16 years the exports of Nigeria to North Korea have decreased at an annualized rate of 0.41%, from $1.08M in 2006 to $1.01M in 2022.

In 2022, Nigeria did not export any services to North Korea.

North Korea-Nigeria Trade: In 2022, North Korea exported $14M to Nigeria. The main products that North Korea exported to Nigeria were Non-fillet Frozen Fish ($5.68M), Propylene Polymers ($4.73M), and Ethylene Polymers ($1.52M). Over the past 16 years the exports of North Korea to Nigeria have increased at an annualized rate of 24.7%, from $4.65M in 2006 to $14M in 2022.

In 2022, North Korea 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, North Korea ranked 182 in total exports ($248M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nigeria exported $1.01M to North Korea. The main products exported from Nigeria to North Korea were Spices ($726k), Raw Aluminium ($216k), and Soap ($71.6k). During the last 16 years the exports of Nigeria to North Korea have decreased at an annualized rate of 0.41%, from $1.08M in 2006 to $1.01M in 2022.

In 2017, North Korea exported $14M to Nigeria. The main products exported from North Korea to Nigeria were Non-fillet Frozen Fish ($5.68M), Propylene Polymers ($4.73M), and Ethylene Polymers ($1.52M). During the last 5 years the exports of North Korea to Nigeria have increased at an annualized rate of 24.7%, from $4.65M in 2022 to $14M in 2017.

Exports from Nigeria () to North Korea () (2022)

Exports from North Korea () to Nigeria () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationSpain$9.41B

North Korea
Top DestinationChina$131M

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

In 2022, countries that imported more from Nigeria than North Korea included Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2022, countries that imported more from North Korea than Nigeria included Luxembourg ($6.44M), Suriname ($4.51M), and Ethiopia ($2.42M).

Difference in imports from North Korea () and Nigeria () (2022)

Comparative Advantage Nigeria - North Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nigeria had a large net trade with North Korea in the exports of Vegetable Products ($726k), Metals ($216k), and Chemical Products ($71.6k).

During 2017, North Korea had a large net trade with Nigeria in the exports of Plastics and Rubbers ($6.28M), Animal Products ($5.68M), and Machines ($834k).

Potential Exports

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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 North Korea. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over North Korea. Similarly, a dot/product with the flag of North Korea indicates it has a comparative advantage over Nigeria.

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Historical Data

Bilateral Trade by Products

Exports from Nigeria () to North Korea () (2022)

Exports from North Korea () to Nigeria () (2022)

Market Competitiveness

Difference in imports from North Korea () and Nigeria () (2022)

Comparative Advantage Nigeria - North Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Nigeria () and North Korea () (2022)

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