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2023
Flag → Flag
Exports $4.35BRnk 4 / 159
2023
Flag → Flag
Top Product $3.73BCrude Petroleum
2023
Flag → Flag
Exports $2.8BRnk 30 / 224
2023
Flag → Flag
Top Product $2.08BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.08Rnk 26 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP GROWTH30.6%CURRENT US$
Rnk 114 / 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$64,572CURRENT US$
Rnk 17 / 196
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 96 / 195

About

Nigeria-Netherlands Trade: In 2023, Nigeria exported $4.35B to Netherlands. The main products that Nigeria exported to Netherlands were Crude Petroleum ($3.73B), Cocoa Beans ($313M), and Petroleum Gas ($187M). Over the past 5 years the exports of Nigeria to Netherlands have increased at an annualized rate of 1.7%, from $4B in 2018 to $4.35B in 2023.

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

Netherlands-Nigeria Trade: In 2023, Netherlands exported $2.8B to Nigeria. The main products that Netherlands exported to Nigeria were Refined Petroleum ($2.08B), Non-fillet Frozen Fish ($144M), and Excavation Machinery ($29.8M). Over the past 5 years the exports of Netherlands to Nigeria have decreased at an annualized rate of 10.7%,  from $4.92B in 2018 to $2.8B in 2023.

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 2023,  Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). That same year, Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $4.35B to Netherlands. The main products exported from Nigeria to Netherlands were Crude Petroleum ($3.73B), Cocoa Beans ($313M), and Petroleum Gas ($187M). During the last 5 years the exports of Nigeria to Netherlands have increased at an annualized rate of 1.7%, from $4B in 2018 to $4.35B in 2023.

In 2018, Netherlands exported $2.8B to Nigeria. The main products exported from Netherlands to Nigeria were Refined Petroleum ($2.08B), Non-fillet Frozen Fish ($144M), and Excavation Machinery ($29.8M). During the last 5 years the exports of Netherlands to Nigeria have decreased at an annualized rate of 10.7%, from $4.92B in 2023 to $2.8B in 2018.

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

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

Latest Data

Trade between Nigeria (Flag) and Netherlands (Flag)

Nigeria Exports

Netherlands Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Netherlands
Top DestinationGermany$96.9B

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 2023, countries that imported more from Nigeria than Netherlands included Indonesia ($3.44B), Cote d'Ivoire ($2.4B), and India ($3.64B).

In 2023, countries that imported more from Netherlands than Nigeria included Germany ($96.9B), Belgium ($87B), and France ($67.3B).

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

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 2023, Nigeria had a large net trade with Netherlands in the exports of Mineral Products ($3.94B), Foodstuffs ($351M), and Animal Products ($22.6M).

During 2018, Netherlands had a large net trade with Nigeria in the exports of Mineral Products ($2.1B), Machines ($220M), and Animal Products ($171M).

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) (2023)

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