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Pricing

2023
Flag → Flag
Exports $9.45MRnk 74 / 159
2023
Flag → Flag
Top Product $8.06MNitrogenous Fertilizers
2023
Flag → Flag
Exports $11.4MRnk 80 / 200
2023
Flag → Flag
Top Product $5.89MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
GDP PC $1,597CURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195
2023
Flag
GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
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GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Nigeria-Sri Lanka Trade: In 2023, Nigeria exported $9.45M to Sri Lanka. The main products that Nigeria exported to Sri Lanka were Nitrogenous Fertilizers ($8.06M), Soybean Meal ($725k), and Oil Seed Flower ($287k). Over the past 5 years the exports of Nigeria to Sri Lanka have increased at an annualized rate of 84.3%, from $445k in 2018 to $9.45M in 2023.

In 2023, Nigeria did not export any services to Sri Lanka.

Sri Lanka-Nigeria Trade: In 2023, Sri Lanka exported $11.4M to Nigeria. The main products that Sri Lanka exported to Nigeria were Refined Petroleum ($5.89M), Tea ($2.51M), and Cereal Flours ($987k). Over the past 5 years the exports of Sri Lanka to Nigeria have increased at an annualized rate of 20%,  from $4.58M in 2018 to $11.4M in 2023.

In 2023, Sri Lanka 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, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $9.45M to Sri Lanka. The main products exported from Nigeria to Sri Lanka were Nitrogenous Fertilizers ($8.06M), Soybean Meal ($725k), and Oil Seed Flower ($287k). During the last 5 years the exports of Nigeria to Sri Lanka have increased at an annualized rate of 84.3%, from $445k in 2018 to $9.45M in 2023.

In 2018, Sri Lanka exported $11.4M to Nigeria. The main products exported from Sri Lanka to Nigeria were Refined Petroleum ($5.89M), Tea ($2.51M), and Cereal Flours ($987k). During the last 5 years the exports of Sri Lanka to Nigeria have increased at an annualized rate of 20%, from $4.58M in 2023 to $11.4M in 2018.

Exports from Nigeria (Flag) to Sri Lanka (Flag) (2023)

Exports from Sri Lanka (Flag) to Nigeria (Flag) (2023)

Latest Data

Trade between Nigeria (Flag) and Sri Lanka (Flag)

Nigeria Exports

Sri Lanka Exports

Date

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Nigeria than Sri Lanka included Spain ($5.76B), France ($4.76B), and Netherlands ($4.35B).

In 2023, countries that imported more from Sri Lanka than Nigeria included Maldives ($168M), Australia ($255M), and Hong Kong ($200M).

Difference in imports from Sri Lanka (Flag) and Nigeria (Flag) (2023)

Comparative Advantage Nigeria - Sri Lanka

Flow
Scale

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

During 2023, Nigeria had a large net trade with Sri Lanka in the exports of Chemical Products ($8.06M), Foodstuffs ($725k), and Vegetable Products ($661k).

During 2018, Sri Lanka had a large net trade with Nigeria in the exports of Mineral Products ($5.89M), Vegetable Products ($3.82M), and Plastics and Rubbers ($642k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Sri Lanka+$417kSoybean Meal
Top Product Potential Sri Lanka Nigeria+$666kRubber Tires

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

Product Space of Nigeria (Flag) and Sri Lanka (Flag) (2023)

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