Nigeria (NGA) and British Indian Ocean Territory (IOT) Trade | The Observatory of Economic Complexity

About

In N/A, Nigeria did not export any services to British Indian Ocean Territory.

British Indian Ocean Territory-Nigeria Trade: In N/A, British Indian Ocean Territory exported $1.49k to Nigeria. The main products that British Indian Ocean Territory exported to Nigeria were Brochures ($973) and Iron Pipes ($517). Over the past N/A years the exports of British Indian Ocean Territory to Nigeria have decreased at an annualized rate of 4.54%, from $2.16k in N/A to $1.49k in N/A.

In N/A, British Indian Ocean Territory 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, British Indian Ocean Territory ranked 221 in total exports ($5.8M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Nigeria does not register exports to British Indian Ocean Territory.

In 2017, British Indian Ocean Territory exported $1.49k to Nigeria. The main products exported from British Indian Ocean Territory to Nigeria were Brochures ($973) and Iron Pipes ($517). During the last 5 years the exports of British Indian Ocean Territory to Nigeria have decreased at an annualized rate of 4.54%, from $2.16k in 2022 to $1.49k in 2017.

Exports from Nigeria () to British Indian Ocean Territory () (2022)

Exports from British Indian Ocean Territory () to Nigeria () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationSpain$9.41B

British Indian Ocean Territory
Top DestinationSingapore$4.42M

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

In 2022, countries that imported more from Nigeria than British Indian Ocean Territory included Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2022, countries that imported more from British Indian Ocean Territory than Nigeria included Uzbekistan ($280k).

Difference in imports from British Indian Ocean Territory () and Nigeria () (2022)

Comparative Advantage Nigeria - British Indian Ocean Territory

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Nigeria and British Indian Ocean Territory by product, considering products traded by both, Nigeria and British Indian Ocean Territory.

During 2017, British Indian Ocean Territory had a large net trade with Nigeria in the exports of Paper Goods ($973) and Metals ($517).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Nigeria () to British Indian Ocean Territory () (2022)

Exports from British Indian Ocean Territory () to Nigeria () (2022)

Market Competitiveness

Difference in imports from British Indian Ocean Territory () and Nigeria () (2022)

Comparative Advantage Nigeria - British Indian Ocean Territory

Economic Complexity

Competitive Landscape

Product Space of Nigeria () and British Indian Ocean Territory () (2022)

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