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Pricing

2022
Flag → Flag
Exports $176MRnk 29 / 210
2022
Flag → Flag
Top Product $136MConcentrated Milk
2022
Flag → Flag
Exports $87.6kRnk 139 / 166
2022
Flag → Flag
Top Product $19.3kMalt Extract
2022
Flag
Economic Complexity (ECI) ECI 0.46Rnk 45 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH40.3%CURRENT US$
Rnk 82 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC $48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

New Zealand-Nigeria Trade: In 2022, New Zealand exported $176M to Nigeria. The main products that New Zealand exported to Nigeria were Concentrated Milk ($136M), Fermented Milk Products ($13.9M), and Malt Extract ($8M). Over the past 5 years the exports of New Zealand to Nigeria have decreased at an annualized rate of 0.66%, from $182M in 2017 to $176M in 2022.

In 2018, New Zealand exported services to Nigeria worth $6.91M, with Travel ($4.83M) and Other business services ($2.07M) being the largest in terms of value.

Nigeria-New Zealand Trade: In 2022, Nigeria exported $87.6k to New Zealand. The main products that Nigeria exported to New Zealand were Malt Extract ($19.3k), Dried/Salted/Smoked/Brined Fish ($8.68k), and Tapioca ($7.26k). Over the past 5 years the exports of Nigeria to New Zealand have decreased at an annualized rate of 27.9%,  from $2.3M in 2017 to $87.6k in 2022.

In 2022, Nigeria did not export any services to New Zealand.

Comparison: In 2022,  New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B). That same year, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, New Zealand exported $176M to Nigeria. The main products exported from New Zealand to Nigeria were Concentrated Milk ($136M), Fermented Milk Products ($13.9M), and Malt Extract ($8M). During the last 5 years the exports of New Zealand to Nigeria have decreased at an annualized rate of 0.66%, from $182M in 2017 to $176M in 2022.

In 2017, Nigeria exported $87.6k to New Zealand. The main products exported from Nigeria to New Zealand were Malt Extract ($19.3k), Dried/Salted/Smoked/Brined Fish ($8.68k), and Tapioca ($7.26k). During the last 5 years the exports of Nigeria to New Zealand have decreased at an annualized rate of 27.9%, from $2.3M in 2022 to $87.6k in 2017.

Exports from New Zealand (Flag) to Nigeria (Flag) (2022)

Exports from Nigeria (Flag) to New Zealand (Flag) (2022)

Latest Data

Trade between New Zealand (Flag) and Nigeria (Flag)

New Zealand Exports

Market Competitiveness

Color
New Zealand
Top DestinationChina$13.1B
Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from New Zealand than Nigeria included China ($13.1B), Australia ($5.35B), and Japan ($2.75B).

In 2022, countries that imported more from Nigeria than New Zealand included Spain ($9.41B), India ($8.2B), and France ($4.95B).

Difference in imports from Nigeria (Flag) and New Zealand (Flag) (2022)

Comparative Advantage New Zealand - Nigeria

Flow
Scale

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

During 2022, New Zealand had a large net trade with Nigeria in the exports of Animal Products ($158M), Foodstuffs ($10M), and Paper Goods ($3.35M).

During 2017, Nigeria had a large net trade with New Zealand in the exports of Foodstuffs ($29.2k), Vegetable Products ($20.1k), and Animal Products ($9.99k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential New Zealand Nigeria+$5MMalt Extract
Top Product Potential Nigeria New Zealand+$21.1kMalt Extract

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

Product Space of New Zealand (Flag) and Nigeria (Flag) (2022)

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