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Pricing

2020
Flag → Flag
Exports $271kRnk 97 / 0
2020
Flag → Flag
Exports $410kRnk 89 / 127
2020
Flag → Flag
Top Product $164kNon-fillet Fresh Fish
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
Flag
GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Nigeria-Iran Trade: In 2020, Nigeria exported $271k to Iran. The main products that Nigeria exported to Iran were N/A. Over the past 5 years the exports of Nigeria to Iran have increased at an annualized rate of 43.5%, from $44.6k in 2015 to $271k in 2020.

In 2020, Nigeria did not export any services to Iran.

Iran-Nigeria Trade: In 2020, Iran exported $410k to Nigeria. The main products that Iran exported to Nigeria were Non-fillet Fresh Fish ($164k), Non-fillet Frozen Fish ($78.6k), and Other Plastic Products ($60.3k). Over the past 5 years the exports of Iran to Nigeria have decreased at an annualized rate of 31.2%,  from $17.3M in 2015 to $410k in 2020.

In 2020, Iran did not export any services to Nigeria.

Comparison: In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2020, Nigeria exported $271k to Iran. There were not main exports from Nigeria to Iran in 2020. During the last 5 years the exports of Nigeria to Iran have increased at an annualized rate of 43.5%, from $44.6k in 2015 to $271k in 2020.

In 2017, Iran exported $410k to Nigeria. The main products exported from Iran to Nigeria were Non-fillet Fresh Fish ($164k), Non-fillet Frozen Fish ($78.6k), and Other Plastic Products ($60.3k). During the last 5 years the exports of Iran to Nigeria have decreased at an annualized rate of 31.2%, from $17.3M in 2022 to $410k in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Iran (Flag)

Nigeria Exports

Date

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Iran
Top DestinationChina$5.72B

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

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

In 2022, countries that imported more from Iran than Nigeria included China ($5.72B), Turkey ($3.17B), and Pakistan ($762M).

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

Comparative Advantage Nigeria - Iran

Flow
Scale

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

During 2020, Nigeria had a large net trade with Iran in the exports of .

During 2017, Iran had a large net trade with Nigeria in the exports of Animal Products ($243k), Plastics and Rubbers ($101k), and Machines ($38.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Iran+$4.04kRefined Petroleum
Top Product Potential Iran Nigeria+$307kNon-fillet Frozen Fish

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

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

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