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2022
Flag → Flag
Exports $1.03BRnk 22 / 166
2022
Flag → Flag
Top Product $890MCrude Petroleum
2022
Flag → Flag
Exports $259MRnk 61 / 218
2022
Flag → Flag
Top Product $28.1MAluminium Plating
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
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$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Nigeria-Thailand Trade: In 2022, Nigeria exported $1.03B to Thailand. The main products that Nigeria exported to Thailand were Crude Petroleum ($890M), Petroleum Gas ($113M), and Tin Ores ($11.9M). Over the past 5 years the exports of Nigeria to Thailand have increased at an annualized rate of 16.6%, from $480M in 2017 to $1.03B in 2022.

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

Thailand-Nigeria Trade: In 2022, Thailand exported $259M to Nigeria. The main products that Thailand exported to Nigeria were Aluminium Plating ($28.1M), Ethylene Polymers ($20.1M), and Propylene Polymers ($13.5M). Over the past 5 years the exports of Thailand to Nigeria have increased at an annualized rate of 5.57%,  from $198M in 2017 to $259M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $1.03B to Thailand. The main products exported from Nigeria to Thailand were Crude Petroleum ($890M), Petroleum Gas ($113M), and Tin Ores ($11.9M). During the last 5 years the exports of Nigeria to Thailand have increased at an annualized rate of 16.6%, from $480M in 2017 to $1.03B in 2022.

In 2017, Thailand exported $259M to Nigeria. The main products exported from Thailand to Nigeria were Aluminium Plating ($28.1M), Ethylene Polymers ($20.1M), and Propylene Polymers ($13.5M). During the last 5 years the exports of Thailand to Nigeria have increased at an annualized rate of 5.57%, from $198M in 2022 to $259M in 2017.

Exports from Nigeria (Flag) to Thailand (Flag) (2022)

Exports from Thailand (Flag) to Nigeria (Flag) (2022)

Latest Data

Trade between Nigeria (Flag) and Thailand (Flag)

Nigeria Exports

Thailand Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Nigeria than Thailand included Spain ($9.41B), France ($4.95B), and Cote d'Ivoire ($1.97B).

In 2022, countries that imported more from Thailand than Nigeria included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

Difference in imports from Thailand (Flag) and Nigeria (Flag) (2022)

Comparative Advantage Nigeria - Thailand

Flow
Scale

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

During 2022, Nigeria had a large net trade with Thailand in the exports of Mineral Products ($1.02B), Metals ($9.77M), and Precious Metals ($1.35M).

During 2017, Thailand had a large net trade with Nigeria in the exports of Plastics and Rubbers ($97.7M), Chemical Products ($37.8M), and Metals ($31.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Thailand+$618MCrude Petroleum
Top Product Potential Thailand Nigeria+$19.7MCars

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

Product Space of Nigeria (Flag) and Thailand (Flag) (2022)

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