2021
Flag  
GDP
$594BCURRENT US$
Rnk 23 / 204
2011-2021
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GDP GROWTH
13.6%CURRENT US$
Rnk 131 / 204
2021
Flag
 GDP
$441BCURRENT US$
Rnk 30 / 204
2011-2021
Flag
GDP GROWTH
6.36%CURRENT US$
Rnk 154 / 204
2021
Flag
GDP PC 
$51,268CURRENT US$
Rnk 25 / 204
2011-2021
Flag
GDP PC GROWTH
8.14%CURRENT US$
Rnk 122 / 204
2021
Flag
GDP PC
$2,066CURRENT US$
Rnk 163 / 204
2011-2021
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GDP PC GROWTH
-17.5%CURRENT US$
Rnk 178 / 204

About

Belgium-Nigeria In 2021, Belgium exported $2.34B to Nigeria. The main products that Belgium exported to Nigeria are Refined Petroleum ($1.78B), Vaccines, blood, antisera, toxins and cultures ($147M), and Malt ($55.6M). During the last 22 years the exports of Belgium to Nigeria have increased at an annualized rate of 12.3%, from $181M in 1999 to $2.34B in 2021.

In 2020, Belgium exported services to Nigeria worth $32M, with Transportation ($13.7M), Other business services ($12.6M), and Financial services ($3.43M) being the largest in terms of value.

Nigeria-Belgium In 2021, Nigeria exported $527M to Belgium. The main products that Nigeria exported to Belgium were Petroleum Gas ($222M), Non-Iron and Steel Slag, Ash and Residues ($105M), and Refined Petroleum ($76.6M). During the last 22 years the exports of Nigeria to Belgium have increased at an annualized rate of 13.5%, from $32.8M in 1999 to $527M in 2021.

In 2021, Nigeria did not export any services to Belgium.

Comparison In 2021,  Belgium ranked 18 in the Economic Complexity Index (ECI 1.28), and 15 in total exports ($403B). That same year, Nigeria ranked 126 in the Economic Complexity Index (ECI -1.56), and 52 in total exports ($57.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Belgium exported $2.34B to Nigeria. The main products exported from Belgium to Nigeria were Refined Petroleum ($1.78B), Vaccines, blood, antisera, toxins and cultures ($147M), and Malt ($55.6M). During the last 22 years the exports of Belgium to Nigeria have increased at an annualized rate of 12.3%, from $181M in 1999 to $2.34B in 2021.

In 2021, Nigeria exported $527M to Belgium. The main products exported from Nigeria to Belgium were Petroleum Gas ($222M), Non-Iron and Steel Slag, Ash and Residues ($105M), and Refined Petroleum ($76.6M). During the last 22 years the exports of Nigeria to Belgium have increased at an annualized rate of 13.5%, from $32.8M in 1999 to $527M in 2021.

Exports from Belgium (Flag) to Nigeria (Flag) (2021)

Exports from Nigeria (Flag) to Belgium (Flag) (2021)

Market Competitiveness

Color
Belgium
Top Destination
Germany$62.7B
Nigeria
Top Destination
India$9.07B

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

In 2021, countries that imported more from Belgium than Nigeria were Germany ($62.7B), France ($59.9B), and Netherlands ($50.4B).

In 2021, countries that imported more from Nigeria than Belgium were India ($9.07B), Indonesia ($2.04B), and Cote d'Ivoire ($1.33B).

Difference in imports from Nigeria (Flag) and Belgium (Flag) (2021)

Comparative Advantage Belgium - Nigeria

Flow
Scale

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

During 2021, Belgium had a large net trade with Nigeria in the exports of Mineral Products ($1.79B), Chemical Products ($207M), and Machines ($81.7M).

During 2021, Nigeria had a large net trade with Belgium in the exports of Mineral Products ($474M), Foodstuffs ($21.5M), and Metals ($12.3M).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Nigeria worth $32M, with Transportation ($13.7M), Other business services ($12.6M), and Financial services ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Belgium (Flag) to Nigeria (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Nigeria. Similarly, the more yellow a dot/product is, the more Nigeria has comparative advantage over Belgium.

Product Space of Belgium (Flag) and Nigeria (Flag) (2021)

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