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2023
Flag → Flag
Exports $1.94MRnk 101 / 159
2023
Flag → Flag
Top Product $1.71MPassenger and Cargo Ships
2023
Flag → Flag
Exports $11.4MRnk 28 / 180
2023
Flag → Flag
Top Product $10.1MSalt
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.74Rnk 98 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$12.4BCURRENT US$
Rnk 145 / 195
2013-2023
Flag
GDP GROWTH2.56%CURRENT US$
Rnk 167 / 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$4,168CURRENT US$
Rnk 129 / 196
2013-2023
Flag
GDP PC GROWTH-22%CURRENT US$
Rnk 180 / 195

About

Nigeria-Namibia Trade: In 2023, Nigeria exported $1.94M to Namibia. The main products that Nigeria exported to Namibia were Passenger and Cargo Ships ($1.71M), Fake Hair ($52.7k), and Other Musical Instruments ($42.8k). Over the past 5 years the exports of Nigeria to Namibia have decreased at an annualized rate of 43.3%, from $33M in 2018 to $1.94M in 2023.

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

Namibia-Nigeria Trade: In 2023, Namibia exported $11.4M to Nigeria. The main products that Namibia exported to Nigeria were Salt ($10.1M), Semiconductor Devices ($629k), and Refined Petroleum ($214k). Over the past 5 years the exports of Namibia to Nigeria have decreased at an annualized rate of 18.4%,  from $31.5M in 2018 to $11.4M in 2023.

In 2023, Namibia 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, Namibia ranked 98 in the Economic Complexity Index (ECI -0.74), and 124 in total exports ($6.28B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $1.94M to Namibia. The main products exported from Nigeria to Namibia were Passenger and Cargo Ships ($1.71M), Fake Hair ($52.7k), and Other Musical Instruments ($42.8k). During the last 5 years the exports of Nigeria to Namibia have decreased at an annualized rate of 43.3%, from $33M in 2018 to $1.94M in 2023.

In 2018, Namibia exported $11.4M to Nigeria. The main products exported from Namibia to Nigeria were Salt ($10.1M), Semiconductor Devices ($629k), and Refined Petroleum ($214k). During the last 5 years the exports of Namibia to Nigeria have decreased at an annualized rate of 18.4%, from $31.5M in 2023 to $11.4M in 2018.

Exports from Nigeria (Flag) to Namibia (Flag) (2023)

Exports from Namibia (Flag) to Nigeria (Flag) (2023)

Latest Data

Trade between Nigeria (Flag) and Namibia (Flag)

Namibia Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Namibia
Top DestinationSouth Africa$1.71B

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

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

In 2023, countries that imported more from Namibia than Nigeria included Botswana ($504M), Zambia ($329M), and Democratic Republic of the Congo ($150M).

Difference in imports from Namibia (Flag) and Nigeria (Flag) (2023)

Comparative Advantage Nigeria - Namibia

Flow
Scale

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

During 2023, Nigeria had a large net trade with Namibia in the exports of Transportation ($1.71M), Machines ($85.8k), and Footwear and Headwear ($53.9k).

During 2018, Namibia had a large net trade with Nigeria in the exports of Mineral Products ($10.3M), Machines ($717k), and Foodstuffs ($139k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Namibia+$46kBeauty Products
Top Product Potential Namibia Nigeria+$822kRefined Petroleum

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

Product Space of Nigeria (Flag) and Namibia (Flag) (2023)

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