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2022
Flag → Flag
Exports $6.47BRnk 18 / 224
2022
Flag → Flag
Top Product $5.61BRefined Petroleum
2022
Flag → Flag
Exports $4.23BRnk 5 / 166
2022
Flag → Flag
Top Product $3.8BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.11Rnk 23 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$991BCURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 125 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC $55,985CURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP PC GROWTH11.8%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

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.

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.

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

Latest Trends

July, 2024

About

Overview In July 2024, Netherlands exported €132M and imported €246M from Nigeria, resulting in a negative trade balance of €114M. Between July 2023 and July 2024 the exports of Netherlands have increased by €30M (29.4%) from €102M to €132M, while imports increased by €8M (3.36%) from €238M to €246M.

Trade In July 2024, the top exports of Netherlands to Nigeria were Petroleum oils and oils obtained from... (€128M), Fish, fresh (live or dead), chilled... (€31M), Ships, boats (including hovercraft) and floating... (€6M), Undefined (€5M), and Milk and cream and milk products... (€4M). In July 2024 the top imports of Netherlands from Nigeria were Petroleum oils and oils obtained from... (€270M), Cocoa (€19M), Crustaceans, molluscs and aquatic invertebrates, whether... (€1M), and Ferrous waste and scrap; remelting scrap... (€1M).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€30M(29.4%)
IMPORT GROWTH (July 2023 - July 2024)€8M(3.36%)

This section shows exports and imports data at subnational level for Netherlands. Click any date in the line plot or any product to explore the exports or imports behavior of Netherlands over time.

To check Nigeria and Netherlands trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nigeria and Netherlands Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $6.47B in 2022.

In 2017, 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 2022 to $4.23B in 2017.

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

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

Market Competitiveness

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

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

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

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

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

Comparative Advantage Netherlands - Nigeria

Flow
Scale

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

During 2022, Netherlands had a large net trade with Nigeria in the exports of Mineral Products ($5.61B), Animal Products ($265M), and Machines ($188M).

During 2017, Nigeria had a large net trade with Netherlands in the exports of Mineral Products ($3.95B), Foodstuffs ($204M), and Chemical Products ($18.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands Nigeria+$27MTelephones
Top Product Potential Nigeria Netherlands+$758MCrude 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 Netherlands and Nigeria. This means that a dot/product with the flag of Netherlands indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over Netherlands.

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

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