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2022
Flag → Flag
Exports $661MRnk 25 / 166
2022
Flag → Flag
Top Product $650MCrude Petroleum
2022
Flag → Flag
Exports $673MRnk 40 / 138
2022
Flag → Flag
Top Product $297MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 186
2022
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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$30,436CURRENT US$
Rnk 37 / 186
2012-2022
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GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

Nigeria-Saudi Arabia Trade: In 2022, Nigeria exported $661M to Saudi Arabia. The main products that Nigeria exported to Saudi Arabia were Crude Petroleum ($650M), Raw Aluminium ($6.98M), and Spices ($1.34M). Over the past 5 years the exports of Nigeria to Saudi Arabia have increased at an annualized rate of 157%, from $5.94M in 2017 to $661M in 2022.

In 2022, Nigeria did not export any services to Saudi Arabia.

Saudi Arabia-Nigeria Trade: In 2022, Saudi Arabia exported $673M to Nigeria. The main products that Saudi Arabia exported to Nigeria were Refined Petroleum ($297M), Propylene Polymers ($148M), and Ethylene Polymers ($140M). Over the past 5 years the exports of Saudi Arabia to Nigeria have increased at an annualized rate of 18.1%,  from $293M in 2017 to $673M in 2022.

In 2022, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $661M to Saudi Arabia. The main products exported from Nigeria to Saudi Arabia were Crude Petroleum ($650M), Raw Aluminium ($6.98M), and Spices ($1.34M). During the last 5 years the exports of Nigeria to Saudi Arabia have increased at an annualized rate of 157%, from $5.94M in 2017 to $661M in 2022.

In 2017, Saudi Arabia exported $673M to Nigeria. The main products exported from Saudi Arabia to Nigeria were Refined Petroleum ($297M), Propylene Polymers ($148M), and Ethylene Polymers ($140M). During the last 5 years the exports of Saudi Arabia to Nigeria have increased at an annualized rate of 18.1%, from $293M in 2022 to $673M in 2017.

Exports from Nigeria (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Nigeria (Flag) (2022)

Latest Data

Trade between Nigeria (Flag) and Saudi Arabia (Flag)

Nigeria Exports

Saudi Arabia Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Saudi Arabia
Top DestinationChina$68B

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

In 2022, countries that imported more from Nigeria than Saudi Arabia included Spain ($9.41B), Cote d'Ivoire ($1.97B), and Sweden ($1.5B).

In 2022, countries that imported more from Saudi Arabia than Nigeria included China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia (Flag) and Nigeria (Flag) (2022)

Comparative Advantage Nigeria - Saudi Arabia

Flow
Scale

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

During 2022, Nigeria had a large net trade with Saudi Arabia in the exports of Mineral Products ($650M), Metals ($8.22M), and Vegetable Products ($2.82M).

During 2017, Saudi Arabia had a large net trade with Nigeria in the exports of Plastics and Rubbers ($311M), Mineral Products ($298M), and Chemical Products ($33.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Saudi Arabia+$8.42MRaw Aluminium
Top Product Potential Saudi Arabia Nigeria+$256MRefined 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

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

Product Space of Nigeria (Flag) and Saudi Arabia (Flag) (2022)

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