Bermuda (BMU) and Nigeria (NGA) Trade | The Observatory of Economic Complexity

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Bermuda-Nigeria Trade: In 2022, Bermuda exported $445 to Nigeria. The main products that Bermuda exported to Nigeria were Other Plastic Sheetings ($417) and Beauty Products ($28). Over the past 8 years the exports of Bermuda to Nigeria have increased at an annualized rate of 6.79%, from $263 in 2014 to $445 in 2022.

In 2022, Bermuda did not export any services to Nigeria.

Nigeria-Bermuda Trade: In 2022, Nigeria exported $20.1k to Bermuda. The main products that Nigeria exported to Bermuda were Non-Knit Men's Suits ($17.9k), Knit T-shirts ($1.38k), and Live Fish ($438). Over the past 8 years the exports of Nigeria to Bermuda have increased at an annualized rate of 196%, from $88 in 2014 to $20.1k in 2022.

In 2022, Nigeria did not export any services to Bermuda.

Comparison In 2022, Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index. That same year, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bermuda exported $445 to Nigeria. The main products exported from Bermuda to Nigeria were Other Plastic Sheetings ($417) and Beauty Products ($28). During the last 8 years the exports of Bermuda to Nigeria have increased at an annualized rate of 6.79%, from $263 in 2014 to $445 in 2022.

In 2017, Nigeria exported $20.1k to Bermuda. The main products exported from Nigeria to Bermuda were Non-Knit Men's Suits ($17.9k), Knit T-shirts ($1.38k), and Live Fish ($438). During the last 5 years the exports of Nigeria to Bermuda have increased at an annualized rate of 196%, from $88 in 2022 to $20.1k in 2017.

Exports from Bermuda () to Nigeria () (2022)

Exports from Nigeria () to Bermuda () (2022)

Latest Data

Trade between Bermuda () and Nigeria ()

Nigeria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bermuda
Top DestinationZambia$17.5M

Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from Bermuda than Nigeria included Zambia ($17.5M), Zimbabwe ($4.06M), and Tanzania ($5.76M).

In 2022, countries that imported more from Nigeria than Bermuda included Spain ($9.41B), India ($8.2B), and France ($4.95B).

Difference in imports from Nigeria () and Bermuda () (2022)

Comparative Advantage Bermuda - Nigeria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bermuda had a large net trade with Nigeria in the exports of Plastics and Rubbers ($417) and Chemical Products ($28).

During 2017, Nigeria had a large net trade with Bermuda in the exports of Textiles ($19.3k), Animal Products ($438), and Foodstuffs ($205).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Bermuda and Nigeria. This means that a dot/product with the flag of Bermuda indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over Bermuda.

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Historical Data

Bilateral Trade by Products

Exports from Bermuda () to Nigeria () (2022)

Exports from Nigeria () to Bermuda () (2022)

Latest Data

Trade between Bermuda () and Nigeria ()

Nigeria Exports

Market Competitiveness

Difference in imports from Nigeria () and Bermuda () (2022)

Comparative Advantage Bermuda - Nigeria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bermuda () and Nigeria () (2022)

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