2022
Flag  
GDP
$477BCURRENT US$
Rnk 30 / 186
2012-2022
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GDP GROWTH
2.89%CURRENT US$
Rnk 159 / 186
2022
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 GDP
$11.8BCURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP GROWTH
-47.2%CURRENT US$
Rnk 184 / 186
2022
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GDP PC 
$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH
-19.9%CURRENT US$
Rnk 173 / 186
2022
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GDP PC
$7,053CURRENT US$
Rnk 90 / 186
2012-2022
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GDP PC GROWTH
-62.4%CURRENT US$
Rnk 186 / 186

About

Nigeria-Equatorial Guinea In 2022, Nigeria exported $117M to Equatorial Guinea. The main products that Nigeria exported to Equatorial Guinea are Special Purpose Ships ($116M), Scrap Vessels ($1.2M), and Flavored Water ($66.3k). During the last 22 years the exports of Nigeria to Equatorial Guinea have increased at an annualized rate of 14.8%, from $5.66M in 2000 to $117M in 2022.

In 2022, Nigeria did not export any services to Equatorial Guinea.

Equatorial Guinea-Nigeria In 2022, Equatorial Guinea exported $12.1M to Nigeria. The main products that Equatorial Guinea exported to Nigeria were Acyclic Alcohols ($7.81M), Petroleum Gas ($3.89M), and Machinery Having Individual Functions ($192k). During the last 22 years the exports of Equatorial Guinea to Nigeria have increased at an annualized rate of 33.5%, from $20.8k in 2000 to $12.1M in 2022.

In 2022, Equatorial Guinea did not export any services to Nigeria.

Comparison In 2022,  Nigeria ranked 119 in the Economic Complexity Index (ECI -1.67),  and 51 in total exports ($70.7B). That same year, Equatorial Guinea ranked 108 in total exports ($8.63B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $117M to Equatorial Guinea. The main products exported from Nigeria to Equatorial Guinea were Special Purpose Ships ($116M), Scrap Vessels ($1.2M), and Flavored Water ($66.3k). During the last 22 years the exports of Nigeria to Equatorial Guinea have increased at an annualized rate of 14.8%, from $5.66M in 2000 to $117M in 2022.

In 2022, Equatorial Guinea exported $12.1M to Nigeria. The main products exported from Equatorial Guinea to Nigeria were Acyclic Alcohols ($7.81M), Petroleum Gas ($3.89M), and Machinery Having Individual Functions ($192k). During the last 25 years the exports of Equatorial Guinea to Nigeria have increased at an annualized rate of 33.5%, from $20.8k in 1997 to $12.1M in 2022.

Exports from Nigeria (Flag) to Equatorial Guinea (Flag) (2022)

Exports from Equatorial Guinea (Flag) to Nigeria (Flag) (2022)

Latest Data

Trade between Nigeria (Flag) and Equatorial Guinea (Flag)

Nigeria Exports

Market Competitiveness

Color
Nigeria
Top Destination
Spain$9.41B
Equatorial Guinea
Top Destination
Zambia$1.84B

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

In 2021, countries that imported more from Nigeria than Equatorial Guinea were Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2021, countries that imported more from Equatorial Guinea than Nigeria were Zambia ($1.84B), Chile ($413M), and Argentina ($170M).

Difference in imports from Equatorial Guinea (Flag) and Nigeria (Flag) (2022)

Comparative Advantage Nigeria - Equatorial Guinea

Flow
Scale

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

During 2022, Nigeria had a large net trade with Equatorial Guinea in the exports of Transportation ($117M) and Foodstuffs ($66.3k).

During 2022, Equatorial Guinea had a large net trade with Nigeria in the exports of Chemical Products ($7.84M), Mineral Products ($3.89M), and Machines ($193k).

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 Nigeria has comparative advantage over Equatorial Guinea. Similarly, the more yellow a dot/product is, the more Equatorial Guinea has comparative advantage over Nigeria.

Product Space of Nigeria (Flag) and Equatorial Guinea (Flag) (2022)

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