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Pricing

2023
Flag → Flag
Exports $66.6kRnk 8 / 53
2023
Flag → Flag
Top Product $60kScented Mixtures
2023
Flag → Flag
Exports $8.11MRnk 178 / 0
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
 GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
GDP PC$1,597CURRENT US$
Rnk 164 / 196
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195

About

British Indian Ocean Territory-Nigeria Trade: In 2023, British Indian Ocean Territory exported $66.6k to Nigeria. The main products that British Indian Ocean Territory exported to Nigeria were Scented Mixtures ($60k), Medical Furniture ($6.4k), and Therapeutic Appliances ($144). Over the past 5 years the exports of British Indian Ocean Territory to Nigeria have decreased at an annualized rate of 4%, from $81.7k in 2018 to $66.6k in 2023.

In 2023, 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 2023, Nigeria did not export any services to British Indian Ocean Territory.

Comparison In 2023,  British Indian Ocean Territory ranked 209 in total exports ($23.5M), and does not have data regarding Economic Complexity Index. That same year, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, British Indian Ocean Territory exported $66.6k to Nigeria. The main products exported from British Indian Ocean Territory to Nigeria were Scented Mixtures ($60k), Medical Furniture ($6.4k), and Therapeutic Appliances ($144). During the last 5 years the exports of British Indian Ocean Territory to Nigeria have decreased at an annualized rate of 4%, from $81.7k in 2018 to $66.6k in 2023.

Nigeria does not register exports to British Indian Ocean Territory.

Exports from British Indian Ocean Territory (Flag) to Nigeria (Flag) (2023)

Exports from Nigeria (Flag) to British Indian Ocean Territory (Flag) (2023)

Market Competitiveness

Color
British Indian Ocean Territory
Top DestinationSingapore$20.2M
Nigeria
Top DestinationUnited States$6.29B

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 2023, no countries were registered that imported more from British Indian Ocean Territory than from Nigeria.

In 2023, countries that imported more from Nigeria than British Indian Ocean Territory included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

Difference in imports from Nigeria (Flag) and British Indian Ocean Territory (Flag) (2023)

Comparative Advantage British Indian Ocean Territory - Nigeria

Flow
Scale

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 2023, British Indian Ocean Territory had a large net trade with Nigeria in the exports of Chemical Products ($60k), Miscellaneous ($6.4k), and Instruments ($144).

Economic Complexity

Competitive Landscape

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.

Product Space of British Indian Ocean Territory (Flag) and Nigeria (Flag) (2023)

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