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Pricing

2022
Flag → Flag
Exports $2.42MRnk 22 / 118
2022
Flag → Flag
Top Product $2.05MStearic Acid
2022
Flag → Flag
Exports $1.65MRnk 96 / 166
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$3.97BCURRENT US$
Rnk 156 / 186
2012-2022
Flag
GDP GROWTH4.78%CURRENT US$
Rnk 156 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC $461CURRENT US$
Rnk 184 / 186
2012-2022
Flag
GDP PC GROWTH-17.3%CURRENT US$
Rnk 168 / 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

Sierra Leone-Nigeria Trade: In 2022, Sierra Leone exported $2.42M to Nigeria. The main products that Sierra Leone exported to Nigeria were Stearic Acid ($2.05M), Unsaturated Acyclic Monocarboxylic Acids ($300k), and Other Printed Material ($38.4k). Over the past 5 years the exports of Sierra Leone to Nigeria have increased at an annualized rate of 21.2%, from $923k in 2017 to $2.42M in 2022.

In 2022, Sierra Leone did not export any services to Nigeria.

Nigeria-Sierra Leone Trade: In 2022, Nigeria exported $1.65M to Sierra Leone. The main products that Nigeria exported to Sierra Leone were N/A. Over the past 5 years the exports of Nigeria to Sierra Leone have decreased at an annualized rate of 24.3%,  from $6.63M in 2017 to $1.65M in 2022.

In 2022, Nigeria did not export any services to Sierra Leone.

Comparison In 2022,  Sierra Leone ranked 159 in total exports ($1.15B), and does not have data regarding Economic Complexity Index. 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, Sierra Leone exported $2.42M to Nigeria. The main products exported from Sierra Leone to Nigeria were Stearic Acid ($2.05M), Unsaturated Acyclic Monocarboxylic Acids ($300k), and Other Printed Material ($38.4k). During the last 5 years the exports of Sierra Leone to Nigeria have increased at an annualized rate of 21.2%, from $923k in 2017 to $2.42M in 2022.

In 2017, Nigeria exported $1.65M to Sierra Leone. There were not main exports from Nigeria to Sierra Leone in 2017. During the last 5 years the exports of Nigeria to Sierra Leone have decreased at an annualized rate of 24.3%, from $6.63M in 2022 to $1.65M in 2017.

Exports from Sierra Leone (Flag) to Nigeria (Flag) (2022)

Exports from Nigeria (Flag) to Sierra Leone (Flag) (2022)

Latest Data

Trade between Sierra Leone (Flag) and Nigeria (Flag)

Nigeria Exports

Market Competitiveness

Color
Sierra Leone
Top DestinationChina$622M
Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from Sierra Leone than Nigeria included Ireland ($21.1M), Kazakhstan ($12.3M), and Romania ($10.7M).

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

Difference in imports from Nigeria (Flag) and Sierra Leone (Flag) (2022)

Comparative Advantage Sierra Leone - Nigeria

Flow
Scale

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

During 2022, Sierra Leone had a large net trade with Nigeria in the exports of Animal and Vegetable Bi-Products ($2.05M), Chemical Products ($300k), and Paper Goods ($38.4k).

During 2017, Nigeria had a large net trade with Sierra Leone in the exports of Transportation ($447k), Stone And Glass ($347k), and Textiles ($322k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sierra Leone Nigeria+$19.5kMotor-working Tools
Top Product Potential Nigeria Sierra Leone+$21kPasta

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

Product Space of Sierra Leone (Flag) and Nigeria (Flag) (2022)

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