Nigeria (NGA) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Nigeria-Malaysia Trade: In 2022, Nigeria exported $531M to Malaysia. The main products that Nigeria exported to Malaysia were Crude Petroleum ($220M), Tin Ores ($157M), and Cocoa Beans ($87.9M). Over the past 5 years the exports of Nigeria to Malaysia have increased at an annualized rate of 22.7%, from $191M in 2017 to $531M in 2022.

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

Malaysia-Nigeria Trade: In 2022, Malaysia exported $772M to Nigeria. The main products that Malaysia exported to Nigeria were Palm Oil ($249M), Gas Turbines ($172M), and Refined Petroleum ($56.4M). Over the past 5 years the exports of Malaysia to Nigeria have increased at an annualized rate of 12.8%, from $423M in 2017 to $772M in 2022.

In 2022, Malaysia 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, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nigeria exported $531M to Malaysia. The main products exported from Nigeria to Malaysia were Crude Petroleum ($220M), Tin Ores ($157M), and Cocoa Beans ($87.9M). During the last 5 years the exports of Nigeria to Malaysia have increased at an annualized rate of 22.7%, from $191M in 2017 to $531M in 2022.

In 2017, Malaysia exported $772M to Nigeria. The main products exported from Malaysia to Nigeria were Palm Oil ($249M), Gas Turbines ($172M), and Refined Petroleum ($56.4M). During the last 5 years the exports of Malaysia to Nigeria have increased at an annualized rate of 12.8%, from $423M in 2022 to $772M in 2017.

Exports from Nigeria () to Malaysia () (2022)

Exports from Malaysia () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Malaysia ()

Nigeria Exports

Date

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationSpain$9.41B

Malaysia
Top DestinationSingapore$53.8B

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

In 2022, countries that imported more from Nigeria than Malaysia included Spain ($9.41B), France ($4.95B), and Cote d'Ivoire ($1.97B).

In 2022, countries that imported more from Malaysia than Nigeria included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

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

Comparative Advantage Nigeria - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nigeria had a large net trade with Malaysia in the exports of Mineral Products ($411M), Foodstuffs ($92.4M), and Chemical Products ($13.3M).

During 2017, Malaysia had a large net trade with Nigeria in the exports of Animal and Vegetable Bi-Products ($256M), Machines ($237M), and Foodstuffs ($57M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nigeria Malaysia+$251MCrude Petroleum

Top Product Potential Malaysia Nigeria+$102MRefined Petroleum

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

Year

This visualization shows the product space at the HS4 level with the flags of Nigeria and Malaysia. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over Nigeria.

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Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Malaysia () (2022)

Exports from Malaysia () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Malaysia ()

Nigeria Exports

Malaysia Exports

Market Competitiveness

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

Comparative Advantage Nigeria - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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