Summary
- Nigeria → Thailand
- $1.1billion
- Thailand → Nigeria
- $224million
- Nigeria’s balance
- $857million
Balance
Nigeria’s trade balance with Thailand
Trade between Nigeria and Thailand grew 17-fold since 1995
USD billions (current). Nigeria’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 1.1
- Imports 0.2
- Balance +0.9
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $19 million | $58 million | -$38 million |
| 1996 | $15 million | $108 million | -$93 million |
| 1997 | $9 million | $211 million | -$202 million |
| 1998 | $8 million | $175 million | -$167 million |
| 1999 | $47 million | $184 million | -$137 million |
| 2000 | $28 million | $189 million | -$161 million |
| 2001 | $31 million | $255 million | -$224 million |
| 2002 | $71 million | $273 million | -$202 million |
| 2003 | $62 million | $217 million | -$154 million |
| 2004 | $49 million | $323 million | -$274 million |
| 2005 | $71 million | $304 million | -$233 million |
| 2006 | $33 million | $289 million | -$256 million |
| 2007 | $37 million | $323 million | -$286 million |
| 2008 | $141 million | $871 million | -$730 million |
| 2009 | $51 million | $532 million | -$481 million |
| 2010 | $69 million | $932 million | -$863 million |
| 2011 | $344 million | $1.1 billion | -$750 million |
| 2012 | $518 million | $888 million | -$370 million |
| 2013 | $542 million | $418 million | $124 million |
| 2014 | $1.3 billion | $855 million | $406 million |
| 2015 | $130 million | $728 million | -$598 million |
| 2016 | $48 million | $277 million | -$229 million |
| 2017 | $488 million | $189 million | $299 million |
| 2018 | $849 million | $245 million | $603 million |
| 2019 | $341 million | $293 million | $48 million |
| 2020 | $952 million | $313 million | $638 million |
| 2021 | $959 million | $329 million | $630 million |
| 2022 | $1 billion | $283 million | $737 million |
| 2023 | $534 million | $244 million | $290 million |
| 2024 | $1.1 billion | $224 million | $857 million |
What they sell each other
What Nigeria sells to Thailand
The top 10 headings in 2024, with their share of the total.
What Thailand 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 Laem Chabang is 9,262 nautical miles (17,154 km) long: ≈ 21.5–27.5 days at sea (at 18 and 14 knots).
Passages it crosses: Cape of Good Hope; and Strait of Malacca and Singapore.
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
Thailand was Nigeria’s 19th largest trading partner (1% of its trade), and Nigeria was Thailand’s 43rd (0.2%).
- Thailand in Nigeria’s trade
- 1.2%
- Thailand’s rank among Nigeria’s partners
- 19th
- Nigeria in Thailand’s trade
- 0.2%
- Nigeria’s rank among Thailand’s partners
- 43rd
Compare with
Other partners of Nigeria
Other partners of Thailand
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.