Cyprus (CYP) and Nigeria (NGA) Trade | The Observatory of Economic Complexity

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Cyprus-Nigeria In 2022, Cyprus exported $56.2M to Nigeria. The main products that Cyprus exported to Nigeria are Refined Petroleum ($51.5M), Packaged Medicaments ($511k), and Carbonates ($444k). During the last 27 years the exports of Cyprus to Nigeria have increased at an annualized rate of 11.3%, from $3.12M in 1995 to $56.2M in 2022.

In 2020, Cyprus exported services to Nigeria worth $3.43M, with Transportation ($3.43M) being the largest in terms of value.

Nigeria-Cyprus In 2022, Nigeria exported $1.08M to Cyprus. The main products that Nigeria exported to Cyprus were Wood Charcoal ($358k), Coconuts, Brazil Nuts, and Cashews ($219k), and Other Oily Seeds ($122k). During the last 27 years the exports of Nigeria to Cyprus have increased at an annualized rate of 4.22%, from $353k in 1995 to $1.08M in 2022.

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

Comparison In 2022, Cyprus ranked 125 in total exports ($4.91B), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cyprus exported $56.2M to Nigeria. The main products exported from Cyprus to Nigeria were Refined Petroleum ($51.5M), Packaged Medicaments ($511k), and Carbonates ($444k). During the last 27 years the exports of Cyprus to Nigeria have increased at an annualized rate of 11.3%, from $3.12M in 1995 to $56.2M in 2022.

In 2022, Nigeria exported $1.08M to Cyprus. The main products exported from Nigeria to Cyprus were Wood Charcoal ($358k), Coconuts, Brazil Nuts, and Cashews ($219k), and Other Oily Seeds ($122k). During the last 27 years the exports of Nigeria to Cyprus have increased at an annualized rate of 4.22%, from $353k in 1995 to $1.08M in 2022.

Exports from Cyprus () to Nigeria () (2022)

Exports from Nigeria () to Cyprus () (2022)

Latest Data

Trade between Cyprus () and Nigeria ()

Cyprus Exports

Date

Nigeria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cyprus
Top DestinationHong Kong$482M

Nigeria
Top DestinationSpain$9.41B

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

In 2021, countries that imported more from Cyprus than Nigeria were Hong Kong ($482M), Greece ($471M), and Lebanon ($329M).

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

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

Comparative Advantage Cyprus - Nigeria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Cyprus had a large net trade with Nigeria in the exports of Mineral Products ($51.5M), Machines ($1.24M), and Chemical Products ($1.18M).

During 2022, Nigeria had a large net trade with Cyprus in the exports of Vegetable Products ($366k), Wood Products ($359k), and Footwear and Headwear ($116k).

Service Trade

Bilateral Service Trade

Cyp Year

In 2020, Cyprus exported services to Nigeria worth $3.43M, with Transportation ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Cyprus () to Nigeria () (2020)

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Cyprus () to Nigeria () (2022)

Exports from Nigeria () to Cyprus () (2022)

Latest Data

Trade between Cyprus () and Nigeria ()

Cyprus Exports

Nigeria Exports

Market Competitiveness

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

Comparative Advantage Cyprus - Nigeria

Service Trade

Bilateral Service Trade

Services Exports from Cyprus () to Nigeria () (2020)

Economic Complexity

Competitive Landscape

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

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