Nigeria (NGA) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Nigeria-Russia In 2022, Nigeria exported $4.8M to Russia. The main products that Nigeria exported to Russia are Cut Flowers ($3.49M), Perfume Plants ($662k), and Other Oily Seeds ($318k). During the last 26 years the exports of Nigeria to Russia have decreased at an annualized rate of 2.05%, from $8.23M in 1996 to $4.8M in 2022.

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

Russia-Nigeria In 2022, Russia exported $543M to Nigeria. The main products that Russia exported to Nigeria were Refined Petroleum ($245M), Non-fillet Frozen Fish ($151M), and Wheat ($63.5M). During the last 26 years the exports of Russia to Nigeria have increased at an annualized rate of 12.1%, from $27.5M in 1996 to $543M in 2022.

In 2020, Russia exported services to Nigeria worth $2.65M, with Other business services ($1.03M), Computer and information services ($722k), and Transportation ($567k) being the largest in terms of value.

Comparison In 2022, Nigeria ranked 119 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nigeria exported $4.8M to Russia. The main products exported from Nigeria to Russia were Cut Flowers ($3.49M), Perfume Plants ($662k), and Other Oily Seeds ($318k). During the last 26 years the exports of Nigeria to Russia have decreased at an annualized rate of 2.05%, from $8.23M in 1996 to $4.8M in 2022.

In 2022, Russia exported $543M to Nigeria. The main products exported from Russia to Nigeria were Refined Petroleum ($245M), Non-fillet Frozen Fish ($151M), and Wheat ($63.5M). During the last 26 years the exports of Russia to Nigeria have increased at an annualized rate of 12.1%, from $27.5M in 1996 to $543M in 2022.

Exports from Nigeria () to Russia () (2022)

Exports from Russia () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Russia ()

Nigeria Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationSpain$9.41B

Russia
Top DestinationChina$101B

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

In 2021, countries that imported more from Nigeria than Russia were Spain ($9.41B), Indonesia ($3.83B), and Cote d'Ivoire ($1.97B).

In 2021, countries that imported more from Russia than Nigeria were China ($101B), India ($40.4B), and Germany ($27.7B).

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

Comparative Advantage Nigeria - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nigeria had a large net trade with Russia in the exports of Vegetable Products ($4.71M), Foodstuffs ($86.8k), and Chemical Products ($4.39k).

During 2022, Russia had a large net trade with Nigeria in the exports of Mineral Products ($247M), Animal Products ($160M), and Vegetable Products ($71.4M).

Service Trade

Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Nigeria worth $2.65M, with Other business services ($1.03M), Computer and information services ($722k), and Transportation ($567k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Nigeria () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Nigeria has comparative advantage over Russia. Similarly, the more yellow a dot/product is, the more Russia has comparative advantage over Nigeria.

About

Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Russia () (2022)

Exports from Russia () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Russia ()

Nigeria Exports

Russia Exports

Market Competitiveness

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

Comparative Advantage Nigeria - Russia

Service Trade

Bilateral Service Trade

Services Exports from Russia () to Nigeria () (2020)

Economic Complexity

Competitive Landscape

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

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