Oman (OMN) and Nigeria (NGA) Trade | The Observatory of Economic Complexity

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Oman-Nigeria Trade: In 2023, Oman exported $179M to Nigeria. The main products that Oman exported to Nigeria were Refined Petroleum ($147M), Insulated Wire ($6.11M), and Electrical Transformers ($4.71M). Over the past 5 years the exports of Oman to Nigeria have increased at an annualized rate of 71%, from $12.3M in 2018 to $179M in 2023.

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

Nigeria-Oman Trade: In 2023, Nigeria exported $259k to Oman. The main products that Nigeria exported to Oman were Other Oily Seeds ($233k), Machinery Having Individual Functions ($10.2k), and Wood Charcoal ($6.5k). Over the past 5 years the exports of Nigeria to Oman have increased at an annualized rate of 18.9%, from $109k in 2018 to $259k in 2023.

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

Comparison: In 2023, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B). That same year, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $179M to Nigeria. The main products exported from Oman to Nigeria were Refined Petroleum ($147M), Insulated Wire ($6.11M), and Electrical Transformers ($4.71M). During the last 5 years the exports of Oman to Nigeria have increased at an annualized rate of 71%, from $12.3M in 2018 to $179M in 2023.

In 2018, Nigeria exported $259k to Oman. The main products exported from Nigeria to Oman were Other Oily Seeds ($233k), Machinery Having Individual Functions ($10.2k), and Wood Charcoal ($6.5k). During the last 5 years the exports of Nigeria to Oman have increased at an annualized rate of 18.9%, from $109k in 2023 to $259k in 2018.

Exports from Oman () to Nigeria () (2023)

Exports from Nigeria () to Oman () (2023)

Latest Data

Trade between Oman () and Nigeria ()

Oman Exports

Date

Nigeria Exports

Date

Dec 2011

Sep 2011

Jan 2011

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Oman than Nigeria included China ($30.2B), Saudi Arabia ($3.64B), and Chinese Taipei ($2.44B).

In 2023, countries that imported more from Nigeria than Oman included Spain ($5.76B), France ($4.76B), and United States ($6.29B).

Difference in imports from Nigeria () and Oman () (2023)

Comparative Advantage Oman - Nigeria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Nigeria in the exports of Mineral Products ($149M), Plastics and Rubbers ($12.6M), and Machines ($10.9M).

During 2018, Nigeria had a large net trade with Oman in the exports of Vegetable Products ($233k), Machines ($11.5k), and Wood Products ($6.5k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Nigeria+$4.13MRefined Petroleum

Top Product Potential Nigeria Oman+$406kOther Oily Seeds

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

Year

This visualization shows the product space at the HS4 level with the flags of Oman and Nigeria. This means that a dot/product with the flag of Oman indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over Oman.

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Nigeria () (2023)

Exports from Nigeria () to Oman () (2023)

Latest Data

Trade between Oman () and Nigeria ()

Oman Exports

Nigeria Exports

Market Competitiveness

Difference in imports from Nigeria () and Oman () (2023)

Comparative Advantage Oman - Nigeria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Oman () and Nigeria () (2023)

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