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2023
Flag → Flag
Exports $212MRnk 37 / 159
2023
Flag → Flag
Top Product $194MCrude Petroleum
2023
Flag → Flag
Exports $9.35BRnk 11 / 217
2023
Flag → Flag
Top Product $9.17BTanks and Armored vehicles
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC $1,597CURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195
2023
Flag
GDP PC$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195

About

Nigeria-Singapore Trade: In 2023, Nigeria exported $212M to Singapore. The main products that Nigeria exported to Singapore were Crude Petroleum ($194M), Cocoa Beans ($13.6M), and Soybeans ($1.21M). Over the past 5 years the exports of Nigeria to Singapore have increased at an annualized rate of 7.89%, from $145M in 2018 to $212M in 2023.

In 2023, Nigeria did not export any services to Singapore.

Singapore-Nigeria Trade: In 2023, Singapore exported $9.35B to Nigeria. The main products that Singapore exported to Nigeria were Tanks and Armored vehicles ($9.17B), Integrated Circuits ($18.1M), and Passenger and Cargo Ships ($14.2M). Over the past 5 years the exports of Singapore to Nigeria have increased at an annualized rate of 105%,  from $258M in 2018 to $9.35B in 2023.

In 2023, Singapore did not export any services to Nigeria.

Comparison: In 2023,  Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $212M to Singapore. The main products exported from Nigeria to Singapore were Crude Petroleum ($194M), Cocoa Beans ($13.6M), and Soybeans ($1.21M). During the last 5 years the exports of Nigeria to Singapore have increased at an annualized rate of 7.89%, from $145M in 2018 to $212M in 2023.

In 2018, Singapore exported $9.35B to Nigeria. The main products exported from Singapore to Nigeria were Tanks and Armored vehicles ($9.17B), Integrated Circuits ($18.1M), and Passenger and Cargo Ships ($14.2M). During the last 5 years the exports of Singapore to Nigeria have increased at an annualized rate of 105%, from $258M in 2023 to $9.35B in 2018.

Exports from Nigeria (Flag) to Singapore (Flag) (2023)

Exports from Singapore (Flag) to Nigeria (Flag) (2023)

Latest Data

Trade between Nigeria (Flag) and Singapore (Flag)

Nigeria Exports

Singapore Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Singapore
Top DestinationHong Kong$44.5B

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

In 2023, countries that imported more from Nigeria than Singapore included Spain ($5.76B), Cote d'Ivoire ($2.4B), and France ($4.76B).

In 2023, countries that imported more from Singapore than Nigeria included Hong Kong ($44.5B), China ($36.7B), and Malaysia ($31.4B).

Difference in imports from Singapore (Flag) and Nigeria (Flag) (2023)

Comparative Advantage Nigeria - Singapore

Flow
Scale

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

During 2023, Nigeria had a large net trade with Singapore in the exports of Mineral Products ($194M), Foodstuffs ($13.8M), and Vegetable Products ($2.34M).

During 2018, Singapore had a large net trade with Nigeria in the exports of Transportation ($9.2B), Machines ($58.5M), and Plastics and Rubbers ($23.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Singapore+$431MCrude Petroleum
Top Product Potential Singapore Nigeria+$305MRefined 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 Singapore. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Nigeria.

Product Space of Nigeria (Flag) and Singapore (Flag) (2023)

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