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2023
Flag → Flag
Exports $2.37BRnk 9 / 159
2023
Flag → Flag
Top Product $2.3BCrude Petroleum
2023
Flag → Flag
Exports $427MRnk 42 / 211
2023
Flag → Flag
Top Product $59.1MPropylene Polymers
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.07Rnk 59 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP GROWTH-5.04%CURRENT US$
Rnk 177 / 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$6,023CURRENT US$
Rnk 113 / 196
2013-2023
Flag
GDP PC GROWTH-17.9%CURRENT US$
Rnk 178 / 195

About

Nigeria-South Africa Trade: In 2023, Nigeria exported $2.37B to South Africa. The main products that Nigeria exported to South Africa were Crude Petroleum ($2.3B), Petroleum Gas ($41.9M), and Nitrogenous Fertilizers ($17M). Over the past 5 years the exports of Nigeria to South Africa have decreased at an annualized rate of 9.19%, from $3.84B in 2018 to $2.37B in 2023.

In 2023, Nigeria did not export any services to South Africa.

South Africa-Nigeria Trade: In 2023, South Africa exported $427M to Nigeria. The main products that South Africa exported to Nigeria were Propylene Polymers ($59.1M), Apples and Pears ($37.9M), and Other Nuts ($18.4M). Over the past 5 years the exports of South Africa to Nigeria have decreased at an annualized rate of 2.24%,  from $478M in 2018 to $427M in 2023.

In 2023, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.07), and 34 in total exports ($154B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $2.37B to South Africa. The main products exported from Nigeria to South Africa were Crude Petroleum ($2.3B), Petroleum Gas ($41.9M), and Nitrogenous Fertilizers ($17M). During the last 5 years the exports of Nigeria to South Africa have decreased at an annualized rate of 9.19%, from $3.84B in 2018 to $2.37B in 2023.

In 2018, South Africa exported $427M to Nigeria. The main products exported from South Africa to Nigeria were Propylene Polymers ($59.1M), Apples and Pears ($37.9M), and Other Nuts ($18.4M). During the last 5 years the exports of South Africa to Nigeria have decreased at an annualized rate of 2.24%, from $478M in 2023 to $427M in 2018.

Exports from Nigeria (Flag) to South Africa (Flag) (2023)

Exports from South Africa (Flag) to Nigeria (Flag) (2023)

Latest Data

Trade between Nigeria (Flag) and South Africa (Flag)

Nigeria Exports

South Africa Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
South Africa
Top DestinationChina$29.5B

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

In 2023, countries that imported more from Nigeria than South Africa included France ($4.76B), Spain ($5.76B), and Cote d'Ivoire ($2.4B).

In 2023, countries that imported more from South Africa than Nigeria included China ($29.5B), Germany ($10.8B), and India ($10.8B).

Difference in imports from South Africa (Flag) and Nigeria (Flag) (2023)

Comparative Advantage Nigeria - South Africa

Flow
Scale

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

During 2023, Nigeria had a large net trade with South Africa in the exports of Mineral Products ($2.34B), Chemical Products ($19.1M), and Plastics and Rubbers ($7.05M).

During 2018, South Africa had a large net trade with Nigeria in the exports of Vegetable Products ($80.8M), Plastics and Rubbers ($73.8M), and Machines ($68.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria South Africa+$142MPetroleum Gas
Top Product Potential South Africa Nigeria+$17.6MCars

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

Product Space of Nigeria (Flag) and South Africa (Flag) (2023)

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