Nigeria / Belgium

Nigeria-Belgium In 2021, Nigeria exported $527M to Belgium. The main products that Nigeria exported to Belgium are Petroleum Gas ($222M), Non-Iron and Steel Slag, Ash and Residues ($105M), and Refined Petroleum ($76.6M). During the last 22 years the exports of Nigeria to Belgium have increased at an annualized rate of 13.5%, from $32.8M in 1999 to $527M in 2021.

In 2021, Nigeria did not export any services to Belgium.

Belgium-Nigeria In 2021, Belgium exported $2.34B to Nigeria. The main products that Belgium exported to Nigeria were Refined Petroleum ($1.78B), Vaccines, blood, antisera, toxins and cultures ($147M), and Malt ($55.6M). During the last 22 years the exports of Belgium to Nigeria have increased at an annualized rate of 12.3%, from $181M in 1999 to $2.34B in 2021.

In 2020, Belgium exported services to Nigeria worth $32M, with Transportation ($13.7M), Other business services ($12.6M), and Financial services ($3.43M) being the largest in terms of value.

Comparison In 2021,  Nigeria ranked 126 in the Economic Complexity Index (ECI -1.56), and 52 in total exports ($57.7B). That same year, Belgium ranked 18 in the Economic Complexity Index (ECI 1.28), and 15 in total exports ($403B).