Nigeria (NGA) and Benin (BEN) Trade | The Observatory of Economic Complexity

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Nigeria-Benin Trade: In 2023, Nigeria exported $236M to Benin. The main products that Nigeria exported to Benin were Electricity ($91M), Refined Petroleum ($62.2M), and Nitrogenous Fertilizers ($31.5M). Over the past 5 years the exports of Nigeria to Benin have increased at an annualized rate of 5.45%, from $181M in 2018 to $236M in 2023.

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

Benin-Nigeria Trade: In 2023, Benin exported $21M to Nigeria. The main products that Benin exported to Nigeria were Seed Oils ($5.22M), Palm Oil ($3.04M), and Large Construction Vehicles ($2.38M). Over the past 5 years the exports of Benin to Nigeria have decreased at an annualized rate of 25%, from $88.7M in 2018 to $21M in 2023.

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

Comparison: In 2023, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). That same year, Benin ranked 83 in the Economic Complexity Index (ECI -0.43), and 146 in total exports ($1.93B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nigeria exported $236M to Benin. The main products exported from Nigeria to Benin were Electricity ($91M), Refined Petroleum ($62.2M), and Nitrogenous Fertilizers ($31.5M). During the last 5 years the exports of Nigeria to Benin have increased at an annualized rate of 5.45%, from $181M in 2018 to $236M in 2023.

In 2018, Benin exported $21M to Nigeria. The main products exported from Benin to Nigeria were Seed Oils ($5.22M), Palm Oil ($3.04M), and Large Construction Vehicles ($2.38M). During the last 5 years the exports of Benin to Nigeria have decreased at an annualized rate of 25%, from $88.7M in 2023 to $21M in 2018.

Exports from Nigeria () to Benin () (2023)

Exports from Benin () to Nigeria () (2023)

Latest Data

Trade between Nigeria () and Benin ()

Nigeria Exports

Date

Benin Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationUnited States$6.29B

Benin
Top DestinationUnited Arab Emirates$803M

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

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

In 2023, countries that imported more from Benin than Nigeria included Bangladesh ($391M), Chad ($36.7M), and Mauritius ($12.7M).

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

Comparative Advantage Nigeria - Benin

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nigeria had a large net trade with Benin in the exports of Mineral Products ($165M), Chemical Products ($34.5M), and Metals ($10.7M).

During 2018, Benin had a large net trade with Nigeria in the exports of Animal and Vegetable Bi-Products ($9.27M), Machines ($3.24M), and Transportation ($2.51M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nigeria Benin+$16.3MRefined Petroleum

Top Product Potential Benin Nigeria+$850kPalm Oil

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 Nigeria and Benin. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Benin. Similarly, a dot/product with the flag of Benin indicates it has a comparative advantage over Nigeria.

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Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Benin () (2023)

Exports from Benin () to Nigeria () (2023)

Latest Data

Trade between Nigeria () and Benin ()

Nigeria Exports

Benin Exports

Market Competitiveness

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

Comparative Advantage Nigeria - Benin

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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