Flag Nigeria / Belgium Flag

2021
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Exports
: $527M, Rnk 25 / 163

2021
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Top Product
: $222M, Petroleum Gas

2021
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Exports
: $2.34B, Rnk 31 / 221

2021
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Top Product
: $1.78B, Refined Petroleum

2021
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Economic Complexity (ECI)
: ECI -1.56, Rnk 126 / 131

2021
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Economic Complexity (ECI)
: ECI 1.28, Rnk 18 / 131

2021
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GDP
: $441B, CURRENT US$
Rnk 30 / 182

2011-2021
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GDP GROWTH
: 8.84%, CURRENT US$
Rnk 135 / 182

2021
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 GDP
: $600B, CURRENT US$
Rnk 23 / 182

2011-2021
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GDP GROWTH
: 14.6%, CURRENT US$
Rnk 118 / 182

2021
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GDP PC 
: $2,085, CURRENT US$
Rnk 141 / 182

2011-2021
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GDP PC GROWTH
: -16.2%, CURRENT US$
Rnk 156 / 182

2021
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GDP PC
: $51,768, CURRENT US$
Rnk 17 / 182

2011-2021
Flag
GDP PC GROWTH
: 9.19%, CURRENT US$
Rnk 106 / 182

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).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Nigeria exported $527M to Belgium. The main products exported from Nigeria to Belgium were 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, Belgium exported $2.34B to Nigeria. The main products exported from Belgium 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.

Nigeria Exports

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Belgium Exports

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Market Competitiveness

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Color

Nigeria
Top Destination
: India, $9.07B

Belgium
Top Destination
: Germany, $62.7B

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

In 2021, countries that imported more from Nigeria than Belgium were India ($9.07B), Indonesia ($2.04B), and Cote d'Ivoire ($1.33B).

In 2021, countries that imported more from Belgium than Nigeria were Germany ($62.7B), France ($59.9B), and Netherlands ($50.4B).

Comparative Advantage Nigeria - Belgium

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Flow
Scale

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

During 2021, Nigeria had a large net trade with Belgium in the exports of Mineral Products ($474M), Foodstuffs ($21.5M), and Metals ($12.3M).

During 2021, Belgium had a large net trade with Nigeria in the exports of Mineral Products ($1.79B), Chemical Products ($207M), and Machines ($81.7M).

Bilateral Service Trade

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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.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Nigeria has comparative advantage over Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over Nigeria.