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2022
Flag → Flag
Exports $3.83BRnk 6 / 166
2022
Flag → Flag
Top Product $3.66BCrude Petroleum
2022
Flag → Flag
Exports $489MRnk 42 / 216
2022
Flag → Flag
Top Product $80.8MMargarine
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
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GDP GROWTH43.7%CURRENT US$
Rnk 79 / 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$4,788CURRENT US$
Rnk 114 / 186
2012-2022
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GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186

About

Nigeria-Indonesia Trade: In 2022, Nigeria exported $3.83B to Indonesia. The main products that Nigeria exported to Indonesia were Crude Petroleum ($3.66B), Cocoa Beans ($105M), and Nitrogenous Fertilizers ($35.5M). Over the past 5 years the exports of Nigeria to Indonesia have increased at an annualized rate of 26.3%, from $1.19B in 2017 to $3.83B in 2022.

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

Indonesia-Nigeria Trade: In 2022, Indonesia exported $489M to Nigeria. The main products that Indonesia exported to Nigeria were Margarine ($80.8M), Uncoated Paper ($49.9M), and Palm Oil ($46.2M). Over the past 5 years the exports of Indonesia to Nigeria have increased at an annualized rate of 1.54%,  from $453M in 2017 to $489M in 2022.

In 2022, Indonesia 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, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $3.83B to Indonesia. The main products exported from Nigeria to Indonesia were Crude Petroleum ($3.66B), Cocoa Beans ($105M), and Nitrogenous Fertilizers ($35.5M). During the last 5 years the exports of Nigeria to Indonesia have increased at an annualized rate of 26.3%, from $1.19B in 2017 to $3.83B in 2022.

In 2017, Indonesia exported $489M to Nigeria. The main products exported from Indonesia to Nigeria were Margarine ($80.8M), Uncoated Paper ($49.9M), and Palm Oil ($46.2M). During the last 5 years the exports of Indonesia to Nigeria have increased at an annualized rate of 1.54%, from $453M in 2022 to $489M in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Indonesia (Flag)

Nigeria Exports

Indonesia Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Indonesia
Top DestinationChina$67.7B

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

In 2022, countries that imported more from Nigeria than Indonesia included Spain ($9.41B), France ($4.95B), and Cote d'Ivoire ($1.97B).

In 2022, countries that imported more from Indonesia than Nigeria included China ($67.7B), United States ($31.6B), and Japan ($26.6B).

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

Comparative Advantage Nigeria - Indonesia

Flow
Scale

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

During 2022, Nigeria had a large net trade with Indonesia in the exports of Mineral Products ($3.67B), Foodstuffs ($116M), and Chemical Products ($35.7M).

During 2017, Indonesia had a large net trade with Nigeria in the exports of Animal and Vegetable Bi-Products ($144M), Chemical Products ($105M), and Paper Goods ($69.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Indonesia+$43.8MNitrogenous Fertilizers
Top Product Potential Indonesia Nigeria+$36.2MPalm 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

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

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

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