Lesotho (LSO) and Nigeria (NGA) Trade | The Observatory of Economic Complexity

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Lesotho-Nigeria Trade: In 2023, Lesotho exported $7.19k to Nigeria. The main products that Lesotho exported to Nigeria were Used Clothing ($6.88k), Video Displays ($271), and Other Edible Preparations ($24). Over the past 5 years the exports of Lesotho to Nigeria have decreased at an annualized rate of 27.7%, from $36.4k in 2018 to $7.19k in 2023.

In 2023, Lesotho did not export any services to Nigeria.

Nigeria-Lesotho Trade: In 2023, Nigeria exported $687 to Lesotho. The main products that Nigeria exported to Lesotho were Beauty Products ($255), Engine Parts ($176), and Knit Women's Suits ($86). Over the past 5 years the exports of Nigeria to Lesotho have decreased at an annualized rate of 34.2%, from $5.56k in 2018 to $687 in 2023.

In 2023, Nigeria did not export any services to Lesotho.

Comparison In 2023, Lesotho ranked 158 in total exports ($1.14B), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Lesotho exported $7.19k to Nigeria. The main products exported from Lesotho to Nigeria were Used Clothing ($6.88k), Video Displays ($271), and Other Edible Preparations ($24). During the last 5 years the exports of Lesotho to Nigeria have decreased at an annualized rate of 27.7%, from $36.4k in 2018 to $7.19k in 2023.

In 2018, Nigeria exported $687 to Lesotho. The main products exported from Nigeria to Lesotho were Beauty Products ($255), Engine Parts ($176), and Knit Women's Suits ($86). During the last 5 years the exports of Nigeria to Lesotho have decreased at an annualized rate of 34.2%, from $5.56k in 2023 to $687 in 2018.

Exports from Lesotho () to Nigeria () (2023)

Exports from Nigeria () to Lesotho () (2023)

Latest Data

Trade between Lesotho () and Nigeria ()

Lesotho Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lesotho
Top DestinationSouth Africa$351M

Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Lesotho than Nigeria included Eswatini ($7.34M), Botswana ($1.49M), and New Zealand ($445k).

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

Difference in imports from Nigeria () and Lesotho () (2023)

Comparative Advantage Lesotho - Nigeria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Lesotho had a large net trade with Nigeria in the exports of Textiles ($6.88k), Machines ($271), and Foodstuffs ($24).

During 2018, Nigeria had a large net trade with Lesotho in the exports of Chemical Products ($257), Machines ($240), and Textiles ($120).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lesotho Nigeria+$25.3kLow-voltage Protection Equipment

Top Product Potential Nigeria Lesotho+$2.99kRefined Petroleum

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Lesotho () to Nigeria () (2023)

Exports from Nigeria () to Lesotho () (2023)

Latest Data

Trade between Lesotho () and Nigeria ()

Lesotho Exports

Market Competitiveness

Difference in imports from Nigeria () and Lesotho () (2023)

Comparative Advantage Lesotho - Nigeria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Lesotho () and Nigeria () (2023)

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