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Pricing

2022
Flag → Flag
Exports $96.4MRnk 48 / 166
2022
Flag → Flag
Top Product $94.6MPetroleum Gas
2022
Flag → Flag
Exports $7.31MRnk 92 / 139
2022
Flag → Flag
Top Product $2.19MRaw Plastic Sheeting
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.82Rnk 101 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH245%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH207%CURRENT US$
Rnk 2 / 186

About

Nigeria-Bangladesh Trade: In 2022, Nigeria exported $96.4M to Bangladesh. The main products that Nigeria exported to Bangladesh were Petroleum Gas ($94.6M), Raw Cotton ($1.77M), and Spices ($49.8k). Over the past 6 years the exports of Nigeria to Bangladesh have increased at an annualized rate of 346%, from $12.3k in 2016 to $96.4M in 2022.

In 2022, Nigeria did not export any services to Bangladesh.

Bangladesh-Nigeria Trade: In 2022, Bangladesh exported $7.31M to Nigeria. The main products that Bangladesh exported to Nigeria were Raw Plastic Sheeting ($2.19M), Packing Bags ($1.63M), and Raw Tobacco ($1.52M). Over the past 6 years the exports of Bangladesh to Nigeria have increased at an annualized rate of 19.8%,  from $2.97M in 2016 to $7.31M in 2022.

In 2022, Bangladesh did not export any services to Nigeria.

Comparison: In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $96.4M to Bangladesh. The main products exported from Nigeria to Bangladesh were Petroleum Gas ($94.6M), Raw Cotton ($1.77M), and Spices ($49.8k). During the last 6 years the exports of Nigeria to Bangladesh have increased at an annualized rate of 346%, from $12.3k in 2016 to $96.4M in 2022.

In 2017, Bangladesh exported $7.31M to Nigeria. The main products exported from Bangladesh to Nigeria were Raw Plastic Sheeting ($2.19M), Packing Bags ($1.63M), and Raw Tobacco ($1.52M). During the last 5 years the exports of Bangladesh to Nigeria have increased at an annualized rate of 19.8%, from $2.97M in 2022 to $7.31M in 2017.

Exports from Nigeria (Flag) to Bangladesh (Flag) (2022)

Exports from Bangladesh (Flag) to Nigeria (Flag) (2022)

Latest Data

Trade between Nigeria (Flag) and Bangladesh (Flag)

Nigeria Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Bangladesh
Top DestinationUnited States$11.7B

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

In 2022, countries that imported more from Nigeria than Bangladesh included India ($8.2B), Spain ($9.41B), and Indonesia ($3.83B).

In 2022, countries that imported more from Bangladesh than Nigeria included Germany ($10.2B), United States ($11.7B), and Poland ($3.53B).

Difference in imports from Bangladesh (Flag) and Nigeria (Flag) (2022)

Comparative Advantage Nigeria - Bangladesh

Flow
Scale

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

During 2022, Nigeria had a large net trade with Bangladesh in the exports of Mineral Products ($94.6M), Textiles ($1.77M), and Vegetable Products ($49.8k).

During 2017, Bangladesh had a large net trade with Nigeria in the exports of Plastics and Rubbers ($2.19M), Textiles ($1.96M), and Foodstuffs ($1.52M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Bangladesh+$20.5MPetroleum Gas
Top Product Potential Bangladesh Nigeria+$1.23MPackaged Medicaments

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

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

Product Space of Nigeria (Flag) and Bangladesh (Flag) (2022)

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