2022
Flag  
GDP
$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH
12.7%CURRENT US$
Rnk 142 / 186
2022
Flag
 GDP
$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH
2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC 
$15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH
-0.33%CURRENT US$
Rnk 144 / 186
2022
Flag
GDP PC
$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH
-19.9%CURRENT US$
Rnk 173 / 186

About

Chile-Nigeria Trade: In 2022, Chile exported $175M to Nigeria. The main products that Chile exported to Nigeria were Non-fillet Frozen Fish ($160M), Petroleum Gas ($3.78M), and Sulfate Chemical Woodpulp ($2.89M). Over the past 5 years the exports of Chile to Nigeria have increased at an annualized rate of 29.3%, from $48.5M in 2017 to $175M in 2022.

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

Nigeria-Chile Trade: In 2022, Nigeria exported $57M to Chile. The main products that Nigeria exported to Chile were Nitrogenous Fertilizers ($55M), Petroleum Gas ($1.59M), and Perfume Plants ($215k). Over the past 5 years the exports of Nigeria to Chile have increased at an annualized rate of 316%,  from $2.66k in 2017 to $57M in 2022.

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

Comparison: In 2022,  Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B). 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
Value

In 2022, Chile exported $175M to Nigeria. The main products exported from Chile to Nigeria were Non-fillet Frozen Fish ($160M), Petroleum Gas ($3.78M), and Sulfate Chemical Woodpulp ($2.89M). During the last 5 years the exports of Chile to Nigeria have increased at an annualized rate of 29.3%, from $48.5M in 2017 to $175M in 2022.

In 2017, Nigeria exported $57M to Chile. The main products exported from Nigeria to Chile were Nitrogenous Fertilizers ($55M), Petroleum Gas ($1.59M), and Perfume Plants ($215k). During the last 5 years the exports of Nigeria to Chile have increased at an annualized rate of 316%, from $2.66k in 2022 to $57M in 2017.

Exports from Chile (Flag) to Nigeria (Flag) (2022)

Exports from Nigeria (Flag) to Chile (Flag) (2022)

Market Competitiveness

Color
Chile
Top Destination
China$38.5B
Nigeria
Top Destination
Spain$9.41B

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

In 2022, countries that imported more from Chile than Nigeria included China ($38.5B), United States ($13.9B), and Japan ($7.43B).

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

Difference in imports from Nigeria (Flag) and Chile (Flag) (2022)

Comparative Advantage Chile - Nigeria

Flow
Scale

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

During 2022, Chile had a large net trade with Nigeria in the exports of Animal Products ($162M), Paper Goods ($4.34M), and Mineral Products ($3.78M).

During 2017, Nigeria had a large net trade with Chile in the exports of Chemical Products ($55M), Mineral Products ($1.59M), and Vegetable Products ($272k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Nigeria+$2.42MWine
Top Product Potential Nigeria Chile+$8.42MPetroleum Gas

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

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

Product Space of Chile (Flag) and Nigeria (Flag) (2022)

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