Peru (PER) and Nigeria (NGA) Trade | The Observatory of Economic Complexity

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Peru-Nigeria Trade: In 2022, Peru exported $6.72M to Nigeria. The main products that Peru exported to Nigeria were Non-fillet Frozen Fish ($4.63M), Excavation Machinery ($589k), and Non-fillet Fresh Fish ($541k). Over the past 5 years the exports of Peru to Nigeria have increased at an annualized rate of 1.59%, from $6.21M in 2017 to $6.72M in 2022.

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

Nigeria-Peru Trade: In 2022, Nigeria exported $291M to Peru. The main products that Nigeria exported to Peru were Crude Petroleum ($282M), Float Glass ($6.94M), and Perfume Plants ($477k). Over the past 5 years the exports of Nigeria to Peru have increased at an annualized rate of 15.1%, from $125M in 2017 to $291M in 2022.

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

Comparison: In 2022, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Peru exported $6.72M to Nigeria. The main products exported from Peru to Nigeria were Non-fillet Frozen Fish ($4.63M), Excavation Machinery ($589k), and Non-fillet Fresh Fish ($541k). During the last 5 years the exports of Peru to Nigeria have increased at an annualized rate of 1.59%, from $6.21M in 2017 to $6.72M in 2022.

In 2017, Nigeria exported $291M to Peru. The main products exported from Nigeria to Peru were Crude Petroleum ($282M), Float Glass ($6.94M), and Perfume Plants ($477k). During the last 5 years the exports of Nigeria to Peru have increased at an annualized rate of 15.1%, from $125M in 2022 to $291M in 2017.

Exports from Peru () to Nigeria () (2022)

Exports from Nigeria () to Peru () (2022)

Latest Data

Trade between Peru () and Nigeria ()

Peru Exports

Date

Nigeria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$17.6B

Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from Peru than Nigeria included China ($17.6B), United States ($8.69B), and Chile ($1.85B).

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

Difference in imports from Nigeria () and Peru () (2022)

Comparative Advantage Peru - Nigeria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Peru had a large net trade with Nigeria in the exports of Animal Products ($5.17M), Machines ($669k), and Animal Hides ($591k).

During 2017, Nigeria had a large net trade with Peru in the exports of Mineral Products ($282M), Stone And Glass ($6.98M), and Vegetable Products ($948k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Nigeria+$2.63MNon-fillet Frozen Fish

Top Product Potential Nigeria Peru+$83.8MCrude Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Nigeria () (2022)

Exports from Nigeria () to Peru () (2022)

Latest Data

Trade between Peru () and Nigeria ()

Peru Exports

Nigeria Exports

Market Competitiveness

Difference in imports from Nigeria () and Peru () (2022)

Comparative Advantage Peru - Nigeria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Peru () and Nigeria () (2022)

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