2023
Flag  
GDP
$364BCURRENT US$
Rnk 41 / 195
2013-2023
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GDP GROWTH
-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP
$69.1BCURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP GROWTH
44.5%CURRENT US$
Rnk 88 / 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
$32,610CURRENT US$
Rnk 43 / 196
2013-2023
Flag
GDP PC GROWTH
40.3%CURRENT US$
Rnk 61 / 195

About

Nigeria-Slovenia Trade: In 2023, Nigeria exported $117k to Slovenia. The main products that Nigeria exported to Slovenia were Perfume Plants ($57.5k), Other Oily Seeds ($24.7k), and Flavored Water ($12.7k). Over the past 5 years the exports of Nigeria to Slovenia have increased at an annualized rate of 15.3%, from $57.5k in 2018 to $117k in 2023.

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

Slovenia-Nigeria Trade: In 2023, Slovenia exported $21.7M to Nigeria. The main products that Slovenia exported to Nigeria were Other Printed Material ($8.69M), Packaged Medicaments ($3.03M), and Prefabricated Buildings ($2.24M). Over the past 5 years the exports of Slovenia to Nigeria have increased at an annualized rate of 13.4%,  from $11.6M in 2018 to $21.7M in 2023.

In 2020, Slovenia exported services to Nigeria worth $457k, with Transportation ($228k), Communications services ($114k), and Insurance services ($114k) being the largest in terms of value.

Comparison: In 2023,  Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). That same year, Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48), and 53 in total exports ($60.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $117k to Slovenia. The main products exported from Nigeria to Slovenia were Perfume Plants ($57.5k), Other Oily Seeds ($24.7k), and Flavored Water ($12.7k). During the last 5 years the exports of Nigeria to Slovenia have increased at an annualized rate of 15.3%, from $57.5k in 2018 to $117k in 2023.

In 2018, Slovenia exported $21.7M to Nigeria. The main products exported from Slovenia to Nigeria were Other Printed Material ($8.69M), Packaged Medicaments ($3.03M), and Prefabricated Buildings ($2.24M). During the last 5 years the exports of Slovenia to Nigeria have increased at an annualized rate of 13.4%, from $11.6M in 2023 to $21.7M in 2018.

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

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

Latest Data

Trade between Nigeria (Flag) and Slovenia (Flag)

Slovenia Exports

Market Competitiveness

Color
Nigeria
Top Destination
United States$6.29B
Slovenia
Top Destination
Switzerland$13.5B

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

In 2023, countries that imported more from Nigeria than Slovenia included Spain ($5.76B), Netherlands ($4.35B), and India ($3.64B).

In 2023, countries that imported more from Slovenia than Nigeria included Switzerland ($13.5B), Germany ($7.21B), and Croatia ($4.85B).

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

Comparative Advantage Nigeria - Slovenia

Flow
Scale

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

During 2023, Nigeria had a large net trade with Slovenia in the exports of N/A.

During 2018, Slovenia had a large net trade with Nigeria in the exports of Paper Goods ($10.7M), Chemical Products ($3.42M), and Machines ($2.95M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Slovenia+$311kEthylene Polymers
Top Product Potential Slovenia Nigeria+$9.05MPackaged Medicaments

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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Bilateral Service Trade

In 2020, Slovenia exported services to Nigeria worth $457k, with Transportation ($228k), Communications services ($114k), and Insurance services ($114k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Slovenia (Flag) to Nigeria (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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