2022
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GDP
$1.4TCURRENT US$
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2012-2022
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GDP GROWTH
5.49%CURRENT US$
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2022
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 GDP
$477BCURRENT US$
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2012-2022
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GDP GROWTH
2.89%CURRENT US$
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2022
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GDP PC 
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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2022
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GDP PC
$2,184CURRENT US$
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2012-2022
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GDP PC GROWTH
-19.9%CURRENT US$
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About

Spain-Nigeria In 2022, Spain exported $376M to Nigeria. The main products that Spain exported to Nigeria are Alkylbenzenes and Alkylnaphthalenes ($37.6M), Unglazed Ceramics ($32.3M), and Refined Petroleum ($20.4M). During the last 27 years the exports of Spain to Nigeria have increased at an annualized rate of 5.99%, from $78.2M in 1995 to $376M in 2022.

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

Nigeria-Spain In 2022, Nigeria exported $9.41B to Spain. The main products that Nigeria exported to Spain were Crude Petroleum ($6.72B), Petroleum Gas ($2.54B), and Tanned Sheep Hides ($26.4M). During the last 27 years the exports of Nigeria to Spain have increased at an annualized rate of 8.97%, from $925M in 1995 to $9.41B in 2022.

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

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.8), and 20 in total exports ($394B). That same year, Nigeria ranked 119 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, Spain exported $376M to Nigeria. The main products exported from Spain to Nigeria were Alkylbenzenes and Alkylnaphthalenes ($37.6M), Unglazed Ceramics ($32.3M), and Refined Petroleum ($20.4M). During the last 27 years the exports of Spain to Nigeria have increased at an annualized rate of 5.99%, from $78.2M in 1995 to $376M in 2022.

In 2022, Nigeria exported $9.41B to Spain. The main products exported from Nigeria to Spain were Crude Petroleum ($6.72B), Petroleum Gas ($2.54B), and Tanned Sheep Hides ($26.4M). During the last 27 years the exports of Nigeria to Spain have increased at an annualized rate of 8.97%, from $925M in 1995 to $9.41B in 2022.

Exports from Spain (Flag) to Nigeria (Flag) (2022)

Exports from Nigeria (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top Destination
France$65.2B
Nigeria
Top Destination
Spain$9.41B

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

In 2021, countries that imported more from Spain than Nigeria were France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2021, countries that imported more from Nigeria than Spain were India ($8.2B), Indonesia ($3.83B), and Cote d'Ivoire ($1.97B).

Difference in imports from Nigeria (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - Nigeria

Flow
Scale

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

During 2022, Spain had a large net trade with Nigeria in the exports of Chemical Products ($94.1M), Foodstuffs ($49.1M), and Machines ($46.9M).

During 2022, Nigeria had a large net trade with Spain in the exports of Mineral Products ($9.26B), Animal Hides ($38.8M), and Plastics and Rubbers ($35.9M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Spain has comparative advantage over Nigeria. Similarly, the more yellow a dot/product is, the more Nigeria has comparative advantage over Spain.

Product Space of Spain (Flag) and Nigeria (Flag) (2022)

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