Summary
- Nigeria → Portugal
- $1.2billion
- Portugal → Nigeria
- $49million
- Nigeria’s balance
- $1.2billion
Balance
Nigeria’s trade balance with Portugal
Trade between Nigeria and Portugal grew 2.7-fold since 1995
USD billions (current). Nigeria’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 1.2
- Imports 0
- Balance +1.2
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $464 million | $15 million | $449 million |
| 1996 | $587 million | $15 million | $572 million |
| 1997 | $490 million | $12 million | $478 million |
| 1998 | $246 million | $4 million | $241 million |
| 1999 | $290 million | $8 million | $282 million |
| 2000 | $814 million | $12 million | $801 million |
| 2001 | $724 million | $18 million | $706 million |
| 2002 | $467 million | $25 million | $442 million |
| 2003 | $753 million | $26 million | $728 million |
| 2004 | $849 million | $25 million | $824 million |
| 2005 | $1.2 billion | $49 million | $1.2 billion |
| 2006 | $913 million | $22 million | $891 million |
| 2007 | $1.4 billion | $46 million | $1.3 billion |
| 2008 | $2.6 billion | $132 million | $2.4 billion |
| 2009 | $1.7 billion | $67 million | $1.7 billion |
| 2010 | $2.1 billion | $139 million | $1.9 billion |
| 2011 | $2.2 billion | $183 million | $2.1 billion |
| 2012 | $1.2 billion | $120 million | $1 billion |
| 2013 | $1.1 billion | $97 million | $990 million |
| 2014 | $1.1 billion | $63 million | $1.1 billion |
| 2015 | $401 million | $63 million | $338 million |
| 2016 | $437 million | $97 million | $340 million |
| 2017 | $73 million | $31 million | $43 million |
| 2018 | $229 million | $38 million | $191 million |
| 2019 | $1 billion | $51 million | $999 million |
| 2020 | $1.2 billion | $55 million | $1.1 billion |
| 2021 | $1.7 billion | $55 million | $1.6 billion |
| 2022 | $2 billion | $41 million | $1.9 billion |
| 2023 | $1.3 billion | $63 million | $1.2 billion |
| 2024 | $1.2 billion | $49 million | $1.2 billion |
What they sell each other
What Nigeria sells to Portugal
The top 10 headings in 2024, with their share of the total.
What Portugal sells to Nigeria
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Lagos and Sines is 3,191 nautical miles (5,910 km) long: ≈ 7.5–9.5 days at sea (at 18 and 14 knots).
It does not cross any major canal or strait.
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
Portugal was Nigeria’s 21st largest trading partner (1% of its trade), and Nigeria was Portugal’s 24th (0.6%).
- Portugal in Nigeria’s trade
- 1.1%
- Portugal’s rank among Nigeria’s partners
- 21st
- Nigeria in Portugal’s trade
- 0.6%
- Nigeria’s rank among Portugal’s partners
- 24th
Compare with
Other partners of Nigeria
Other partners of Portugal
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.