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Pricing

2022
Flag → Flag
Exports $324MRnk 33 / 166
2022
Flag → Flag
Top Product $171MCoconuts, Brazil Nuts, and Cashews
2022
Flag → Flag
Exports $165MRnk 76 / 152
2022
Flag → Flag
Top Product $21.9MElectric Batteries
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 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$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

Nigeria-Vietnam Trade: In 2022, Nigeria exported $324M to Vietnam. The main products that Nigeria exported to Vietnam were Coconuts, Brazil Nuts, and Cashews ($171M), Other Oily Seeds ($44M), and Petroleum Gas ($37.9M). Over the past 5 years the exports of Nigeria to Vietnam have decreased at an annualized rate of 0.94%, from $340M in 2017 to $324M in 2022.

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

Vietnam-Nigeria Trade: In 2022, Vietnam exported $165M to Nigeria. The main products that Vietnam exported to Nigeria were Electric Batteries ($21.9M), Knit T-shirts ($21.4M), and Rolled Tobacco ($12.2M). Over the past 5 years the exports of Vietnam to Nigeria have increased at an annualized rate of 8.63%,  from $72.1M in 2017 to $165M in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $324M to Vietnam. The main products exported from Nigeria to Vietnam were Coconuts, Brazil Nuts, and Cashews ($171M), Other Oily Seeds ($44M), and Petroleum Gas ($37.9M). During the last 5 years the exports of Nigeria to Vietnam have decreased at an annualized rate of 0.94%, from $340M in 2017 to $324M in 2022.

In 2017, Vietnam exported $165M to Nigeria. The main products exported from Vietnam to Nigeria were Electric Batteries ($21.9M), Knit T-shirts ($21.4M), and Rolled Tobacco ($12.2M). During the last 5 years the exports of Vietnam to Nigeria have increased at an annualized rate of 8.63%, from $72.1M in 2022 to $165M in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Vietnam (Flag)

Nigeria Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Vietnam
Top DestinationUnited States$117B

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

In 2022, countries that imported more from Nigeria than Vietnam included Spain ($9.41B), Cote d'Ivoire ($1.97B), and Portugal ($1.93B).

In 2022, countries that imported more from Vietnam than Nigeria included United States ($117B), China ($58.7B), and Japan ($25B).

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

Comparative Advantage Nigeria - Vietnam

Flow
Scale

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

During 2022, Nigeria had a large net trade with Vietnam in the exports of Vegetable Products ($219M), Wood Products ($46.5M), and Mineral Products ($38.5M).

During 2017, Vietnam had a large net trade with Nigeria in the exports of Machines ($52.1M), Textiles ($29.6M), and Chemical Products ($24.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Vietnam+$41.6MPetroleum Gas
Top Product Potential Vietnam Nigeria+$25.8MTelephones

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

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

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