Summary
- Italy → Nigeria
- $623million
- Nigeria → Italy
- $2billion
- Italy’s balance
- -$1.4billion
Balance
Italy’s trade balance with Nigeria
Trade between Italy and Nigeria grew 5.5-fold since 1995
USD billions (current). Italy’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 0.6
- Imports 2
- Balance -1.4
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $215 million | $265 million | -$51 million |
| 1996 | $285 million | $304 million | -$20 million |
| 1997 | $411 million | $589 million | -$179 million |
| 1998 | $346 million | $308 million | $37 million |
| 1999 | $338 million | $610 million | -$272 million |
| 2000 | $517 million | $301 million | $216 million |
| 2001 | $486 million | $958 million | -$473 million |
| 2002 | $509 million | $894 million | -$385 million |
| 2003 | $761 million | $501 million | $260 million |
| 2004 | $738 million | $590 million | $148 million |
| 2005 | $704 million | $754 million | -$50 million |
| 2006 | $1.1 billion | $936 million | $124 million |
| 2007 | $1.2 billion | $1.3 billion | -$105 million |
| 2008 | $1.1 billion | $1.5 billion | -$386 million |
| 2009 | $1.2 billion | $1.1 billion | $140 million |
| 2010 | $1.8 billion | $1.1 billion | $634 million |
| 2011 | $1.4 billion | $3.3 billion | -$1.9 billion |
| 2012 | $1.1 billion | $3 billion | -$1.9 billion |
| 2013 | $1.1 billion | $2.6 billion | -$1.4 billion |
| 2014 | $1.3 billion | $1.8 billion | -$540 million |
| 2015 | $863 million | $828 million | $35 million |
| 2016 | $580 million | $633 million | -$53 million |
| 2017 | $611 million | $820 million | -$209 million |
| 2018 | $938 million | $1.3 billion | -$382 million |
| 2019 | $1 billion | $1.6 billion | -$534 million |
| 2020 | $1.2 billion | $972 million | $184 million |
| 2021 | $1.1 billion | $1.7 billion | -$557 million |
| 2022 | $839 million | $1.5 billion | -$705 million |
| 2023 | $1.2 billion | $1.9 billion | -$683 million |
| 2024 | $623 million | $2 billion | -$1.4 billion |
What they sell each other
What Italy sells to Nigeria
The top 10 headings in 2024, with their share of the total.
What Nigeria sells to Italy
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Genoa and Lagos is 4,070 nautical miles (7,537 km) long: ≈ 9.5–12 days at sea (at 18 and 14 knots).
Passages it crosses: Strait of Gibraltar.
Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
Nigeria was Italy’s 60th largest trading partner (0.2% of its trade), and Italy was Nigeria’s 12th (2%).
- Nigeria in Italy’s trade
- 0.2%
- Nigeria’s rank among Italy’s partners
- 60th
- Italy in Nigeria’s trade
- 2.4%
- Italy’s rank among Nigeria’s partners
- 12th
Compare with
Other partners of Italy
Other partners of Nigeria
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.