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2022
Flag → Flag
Exports $4.23BRnk 5 / 166
2022
Flag → Flag
Top Product $3.8BCrude Petroleum
2022
Flag → Flag
Exports $6.47BRnk 18 / 224
2022
Flag → Flag
Top Product $5.61BRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
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Economic Complexity (ECI) ECI 1.11Rnk 23 / 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$991BCURRENT US$
Rnk 18 / 186
2012-2022
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GDP GROWTH18.1%CURRENT US$
Rnk 125 / 186
2022
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GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
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GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$55,985CURRENT US$
Rnk 12 / 186
2012-2022
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GDP PC GROWTH11.8%CURRENT US$
Rnk 110 / 186

About

Nigeria-Netherlands Trade: In 2022, Nigeria exported $4.23B to Netherlands. The main products that Nigeria exported to Netherlands were Crude Petroleum ($3.8B), Cocoa Beans ($189M), and Petroleum Gas ($151M). Over the past 5 years the exports of Nigeria to Netherlands have increased at an annualized rate of 13.6%, from $2.24B in 2017 to $4.23B in 2022.

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

Netherlands-Nigeria Trade: In 2022, Netherlands exported $6.47B to Nigeria. The main products that Netherlands exported to Nigeria were Refined Petroleum ($5.61B), Non-fillet Frozen Fish ($205M), and Coated Flat-Rolled Iron ($54M). Over the past 5 years the exports of Netherlands to Nigeria have increased at an annualized rate of 17.4%,  from $2.9B in 2017 to $6.47B in 2022.

In 2020, Netherlands exported services to Nigeria worth $538M, with Other business services ($351M), Computer and information services ($72.1M), and Royalties and license fees ($61.6M) being the largest in terms of value.

Comparison: In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $4.23B to Netherlands. The main products exported from Nigeria to Netherlands were Crude Petroleum ($3.8B), Cocoa Beans ($189M), and Petroleum Gas ($151M). During the last 5 years the exports of Nigeria to Netherlands have increased at an annualized rate of 13.6%, from $2.24B in 2017 to $4.23B in 2022.

In 2017, Netherlands exported $6.47B to Nigeria. The main products exported from Netherlands to Nigeria were Refined Petroleum ($5.61B), Non-fillet Frozen Fish ($205M), and Coated Flat-Rolled Iron ($54M). During the last 5 years the exports of Netherlands to Nigeria have increased at an annualized rate of 17.4%, from $2.9B in 2022 to $6.47B in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Netherlands (Flag)

Nigeria Exports

Netherlands Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Netherlands
Top DestinationGermany$131B

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

In 2022, countries that imported more from Nigeria than Netherlands included India ($8.2B), Indonesia ($3.83B), and Cote d'Ivoire ($1.97B).

In 2022, countries that imported more from Netherlands than Nigeria included Germany ($131B), Belgium ($94.3B), and France ($59.9B).

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

Comparative Advantage Nigeria - Netherlands

Flow
Scale

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

During 2022, Nigeria had a large net trade with Netherlands in the exports of Mineral Products ($3.95B), Foodstuffs ($204M), and Chemical Products ($18.6M).

During 2017, Netherlands had a large net trade with Nigeria in the exports of Mineral Products ($5.61B), Animal Products ($265M), and Machines ($188M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Netherlands+$758MCrude Petroleum
Top Product Potential Netherlands Nigeria+$27MTelephones

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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Bilateral Service Trade

In 2020, Netherlands exported services to Nigeria worth $538M, with Other business services ($351M), Computer and information services ($72.1M), and Royalties and license fees ($61.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Netherlands (Flag) to Nigeria (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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