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2022
Flag → Flag
Exports $4.83BRnk 4 / 166
2022
Flag → Flag
Top Product $4.02BCrude Petroleum
2022
Flag → Flag
Exports $3.24BRnk 56 / 219
2022
Flag → Flag
Top Product $580MCars
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 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$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Nigeria-United States Trade: In 2022, Nigeria exported $4.83B to United States. The main products that Nigeria exported to United States were Crude Petroleum ($4.02B), Refined Petroleum ($254M), and Nitrogenous Fertilizers ($227M). Over the past 5 years the exports of Nigeria to United States have decreased at an annualized rate of 8.53%, from $7.55B in 2017 to $4.83B in 2022.

In 2022, Nigeria did not export any services to United States.

United States-Nigeria Trade: In 2022, United States exported $3.24B to Nigeria. The main products that United States exported to Nigeria were Cars ($580M), Wheat ($480M), and Refined Petroleum ($441M). Over the past 5 years the exports of United States to Nigeria have increased at an annualized rate of 4.85%,  from $2.56B in 2017 to $3.24B in 2022.

In 2017, United States exported services to Nigeria worth $2.24B, with Travel ($1.25B), Other business services ($470M), and Transportation ($162M) being the largest in terms of value.

Comparison: In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $4.83B to United States. The main products exported from Nigeria to United States were Crude Petroleum ($4.02B), Refined Petroleum ($254M), and Nitrogenous Fertilizers ($227M). During the last 5 years the exports of Nigeria to United States have decreased at an annualized rate of 8.53%, from $7.55B in 2017 to $4.83B in 2022.

In 2017, United States exported $3.24B to Nigeria. The main products exported from United States to Nigeria were Cars ($580M), Wheat ($480M), and Refined Petroleum ($441M). During the last 5 years the exports of United States to Nigeria have increased at an annualized rate of 4.85%, from $2.56B in 2022 to $3.24B in 2017.

Exports from Nigeria (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Nigeria (Flag) (2022)

Latest Data

Trade between Nigeria (Flag) and United States (Flag)

Nigeria Exports

United States Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
United States
Top DestinationCanada$308B

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

In 2022, countries that imported more from Nigeria than United States included Cote d'Ivoire ($1.97B), Gibraltar ($1.15B), and Togo ($750M).

In 2022, countries that imported more from United States than Nigeria included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Nigeria (Flag) (2022)

Comparative Advantage Nigeria - United States

Flow
Scale

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

During 2022, Nigeria had a large net trade with United States in the exports of Mineral Products ($4.39B), Chemical Products ($228M), and Metals ($66.6M).

During 2017, United States had a large net trade with Nigeria in the exports of Transportation ($848M), Mineral Products ($659M), and Vegetable Products ($490M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria United States+$3.39BCrude Petroleum
Top Product Potential United States Nigeria+$507MRefined 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 United States. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Nigeria.

Product Space of Nigeria (Flag) and United States (Flag) (2022)

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