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2023
Flag → Flag
Exports $1.02BRnk 17 / 159
2023
Flag → Flag
Top Product $951MCrude Petroleum
2023
Flag → Flag
Exports $38MRnk 24 / 156
2023
Flag → Flag
Top Product $14.9MFermented Milk Products
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.51Rnk 87 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$30.8BCURRENT US$
Rnk 108 / 195
2013-2023
Flag
GDP GROWTH63.1%CURRENT US$
Rnk 46 / 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$1,706CURRENT US$
Rnk 162 / 196
2013-2023
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 92 / 195

About

Nigeria-Senegal Trade: In 2023, Nigeria exported $1.02B to Senegal. The main products that Nigeria exported to Senegal were Crude Petroleum ($951M), Raw Sugar ($16.3M), and Nitrogenous Fertilizers ($15.8M). Over the past 5 years the exports of Nigeria to Senegal have increased at an annualized rate of 9.78%, from $637M in 2018 to $1.02B in 2023.

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

Senegal-Nigeria Trade: In 2023, Senegal exported $38M to Nigeria. The main products that Senegal exported to Nigeria were Fermented Milk Products ($14.9M), Beauty Products ($11.9M), and Soups and Broths ($2.34M). Over the past 5 years the exports of Senegal to Nigeria have increased at an annualized rate of 4.22%,  from $30.9M in 2018 to $38M in 2023.

In 2023, Senegal 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, Senegal ranked 87 in the Economic Complexity Index (ECI -0.51), and 125 in total exports ($5.72B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $1.02B to Senegal. The main products exported from Nigeria to Senegal were Crude Petroleum ($951M), Raw Sugar ($16.3M), and Nitrogenous Fertilizers ($15.8M). During the last 5 years the exports of Nigeria to Senegal have increased at an annualized rate of 9.78%, from $637M in 2018 to $1.02B in 2023.

In 2018, Senegal exported $38M to Nigeria. The main products exported from Senegal to Nigeria were Fermented Milk Products ($14.9M), Beauty Products ($11.9M), and Soups and Broths ($2.34M). During the last 5 years the exports of Senegal to Nigeria have increased at an annualized rate of 4.22%, from $30.9M in 2023 to $38M in 2018.

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

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

Latest Data

Trade between Nigeria (Flag) and Senegal (Flag)

Nigeria Exports

Senegal Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Senegal
Top DestinationMali$1.22B

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

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

In 2023, countries that imported more from Senegal than Nigeria included Mali ($1.22B), Gambia ($210M), and Guinea-Bissau ($157M).

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

Comparative Advantage Nigeria - Senegal

Flow
Scale

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

During 2023, Nigeria had a large net trade with Senegal in the exports of Mineral Products ($957M), Foodstuffs ($27M), and Chemical Products ($16.1M).

During 2018, Senegal had a large net trade with Nigeria in the exports of Animal Products ($14.9M), Chemical Products ($13.5M), and Mineral Products ($4.82M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Senegal+$12.1MNitrogenous Fertilizers
Top Product Potential Senegal Nigeria+$6.63MRefined 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 Senegal. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Senegal. Similarly, a dot/product with the flag of Senegal indicates it has a comparative advantage over Nigeria.

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

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