British Indian Ocean Territory (IOT) and Nigeria (NGA) Trade | The Observatory of Economic Complexity

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British Indian Ocean Territory-Nigeria Trade: In 2022, British Indian Ocean Territory exported $1.49k to Nigeria. The main products that British Indian Ocean Territory exported to Nigeria were Brochures ($973) and Iron Pipes ($517). Over the past 5 years the exports of British Indian Ocean Territory to Nigeria have decreased at an annualized rate of 7.17%, from $2.16k in 2017 to $1.49k in 2022.

In 2022, British Indian Ocean Territory did not export any services to Nigeria.

Nigeria-British Indian Ocean Territory In N/A, Nigeria did not export any products to British Indian Ocean Territory.

In 2022, Nigeria did not export any services to British Indian Ocean Territory.

Comparison In 2022, British Indian Ocean Territory ranked 221 in total exports ($5.8M), 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, British Indian Ocean Territory exported $1.49k to Nigeria. The main products exported from British Indian Ocean Territory to Nigeria were Brochures ($973) and Iron Pipes ($517). During the last 5 years the exports of British Indian Ocean Territory to Nigeria have decreased at an annualized rate of 7.17%, from $2.16k in 2017 to $1.49k in 2022.

Nigeria does not register exports to British Indian Ocean Territory.

Exports from British Indian Ocean Territory () to Nigeria () (2022)

Exports from Nigeria () to British Indian Ocean Territory () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

British Indian Ocean Territory
Top DestinationSingapore$4.42M

Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from British Indian Ocean Territory than Nigeria included Uzbekistan ($280k).

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

Difference in imports from Nigeria () and British Indian Ocean Territory () (2022)

Comparative Advantage British Indian Ocean Territory - Nigeria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between British Indian Ocean Territory and Nigeria by product, considering products traded by both, British Indian Ocean Territory and Nigeria.

During 2022, British Indian Ocean Territory had a large net trade with Nigeria in the exports of Paper Goods ($973) and Metals ($517).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from British Indian Ocean Territory () to Nigeria () (2022)

Exports from Nigeria () to British Indian Ocean Territory () (2022)

Market Competitiveness

Difference in imports from Nigeria () and British Indian Ocean Territory () (2022)

Comparative Advantage British Indian Ocean Territory - Nigeria

Economic Complexity

Competitive Landscape

Product Space of British Indian Ocean Territory () and Nigeria () (2022)

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