NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $525MRnk 27 / 159
2023
Flag → Flag
Top Product $243MCoconuts, Brazil Nuts, and Cashews
2023
Flag → Flag
Exports $91.4MRnk 83 / 142
2023
Flag → Flag
Top Product $12MPropylene Polymers
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 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$4,282CURRENT US$
Rnk 128 / 196
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195

About

Nigeria-Vietnam Trade: In 2023, Nigeria exported $525M to Vietnam. The main products that Nigeria exported to Vietnam were Coconuts, Brazil Nuts, and Cashews ($243M), Crude Petroleum ($237M), and Other Oily Seeds ($35.9M). Over the past 5 years the exports of Nigeria to Vietnam have increased at an annualized rate of 5.53%, from $401M in 2018 to $525M in 2023.

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

Vietnam-Nigeria Trade: In 2023, Vietnam exported $91.4M to Nigeria. The main products that Vietnam exported to Nigeria were Propylene Polymers ($12M), Polycarboxylic Acids ($11.2M), and Telephones ($9.71M). Over the past 5 years the exports of Vietnam to Nigeria have decreased at an annualized rate of 6.02%,  from $125M in 2018 to $91.4M in 2023.

In 2023, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $525M to Vietnam. The main products exported from Nigeria to Vietnam were Coconuts, Brazil Nuts, and Cashews ($243M), Crude Petroleum ($237M), and Other Oily Seeds ($35.9M). During the last 5 years the exports of Nigeria to Vietnam have increased at an annualized rate of 5.53%, from $401M in 2018 to $525M in 2023.

In 2018, Vietnam exported $91.4M to Nigeria. The main products exported from Vietnam to Nigeria were Propylene Polymers ($12M), Polycarboxylic Acids ($11.2M), and Telephones ($9.71M). During the last 5 years the exports of Vietnam to Nigeria have decreased at an annualized rate of 6.02%, from $125M in 2023 to $91.4M in 2018.

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

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

Latest Data

Trade between Nigeria (Flag) and Vietnam (Flag)

Nigeria Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Vietnam
Top DestinationUnited States$118B

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 2023, countries that imported more from Nigeria than Vietnam included Cote d'Ivoire ($2.4B), South Africa ($2.37B), and Senegal ($1.02B).

In 2023, countries that imported more from Vietnam than Nigeria included United States ($118B), China ($85.7B), and Japan ($25.1B).

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

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 2023, Nigeria had a large net trade with Vietnam in the exports of Vegetable Products ($282M), Mineral Products ($237M), and Textiles ($2.29M).

During 2018, Vietnam had a large net trade with Nigeria in the exports of Machines ($31.3M), Plastics and Rubbers ($17.1M), and Chemical Products ($15.4M).

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms