Summary
- Nigeria → Spain
- $6.5billion
- Spain → Nigeria
- $546million
- Nigeria’s balance
- $6billion
Balance
Nigeria’s trade balance with Spain
Trade between Nigeria and Spain grew 6.2-fold since 1995
USD billions (current). Nigeria’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 6.5
- Imports 0.5
- Balance +6
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $1.1 billion | $78 million | $977 million |
| 1996 | $1.8 billion | $160 million | $1.6 billion |
| 1997 | $1.6 billion | $118 million | $1.4 billion |
| 1998 | $966 million | $144 million | $822 million |
| 1999 | $1.2 billion | $143 million | $1 billion |
| 2000 | $2.3 billion | $172 million | $2.1 billion |
| 2001 | $1.9 billion | $177 million | $1.7 billion |
| 2002 | $1.3 billion | $183 million | $1.1 billion |
| 2003 | $2.1 billion | $246 million | $1.9 billion |
| 2004 | $2.6 billion | $304 million | $2.3 billion |
| 2005 | $3.9 billion | $245 million | $3.7 billion |
| 2006 | $5.4 billion | $279 million | $5.2 billion |
| 2007 | $5.1 billion | $292 million | $4.8 billion |
| 2008 | $6.9 billion | $313 million | $6.6 billion |
| 2009 | $3.9 billion | $271 million | $3.6 billion |
| 2010 | $5.7 billion | $392 million | $5.3 billion |
| 2011 | $9.3 billion | $663 million | $8.7 billion |
| 2012 | $10.1 billion | $470 million | $9.6 billion |
| 2013 | $7.7 billion | $551 million | $7.2 billion |
| 2014 | $9 billion | $533 million | $8.5 billion |
| 2015 | $5.3 billion | $513 million | $4.8 billion |
| 2016 | $3.5 billion | $403 million | $3.1 billion |
| 2017 | $5 billion | $458 million | $4.6 billion |
| 2018 | $6.1 billion | $370 million | $5.7 billion |
| 2019 | $6.3 billion | $533 million | $5.8 billion |
| 2020 | $4.8 billion | $611 million | $4.2 billion |
| 2021 | $6.7 billion | $545 million | $6.2 billion |
| 2022 | $9.5 billion | $414 million | $9 billion |
| 2023 | $5.8 billion | $364 million | $5.4 billion |
| 2024 | $6.5 billion | $546 million | $6 billion |
What they sell each other
What Nigeria sells to Spain
The top 10 headings in 2024, with their share of the total.
What Spain 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 Valencia is 3,582 nautical miles (6,634 km) long: ≈ 8.5–10.5 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
Spain was Nigeria’s 4th largest trading partner (6% of its trade), and Nigeria was Spain’s 21st (0.9%).
- Spain in Nigeria’s trade
- 6.3%
- Spain’s rank among Nigeria’s partners
- 4th
- Nigeria in Spain’s trade
- 0.9%
- Nigeria’s rank among Spain’s partners
- 21st
Compare with
Other partners of Nigeria
Other partners of Spain
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.