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2023
Flag → Flag
Exports $2.8BRnk 30 / 224
2023
Flag → Flag
Top Product $2.08BRefined Petroleum
2023
Flag → Flag
Exports $4.35BRnk 4 / 159
2023
Flag → Flag
Top Product $3.73BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.08Rnk 26 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag  
GDP$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP GROWTH30.6%CURRENT US$
Rnk 114 / 195
2023
Flag
 GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
GDP PC $64,572CURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 96 / 195
2023
Flag
GDP PC$1,597CURRENT US$
Rnk 164 / 196
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195

About

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.

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 0.77%,  from $4B in 2018 to $4.35B in 2023.

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

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

Latest Trends

October, 2024

About

Overview In October 2024, Netherlands exported €83M and imported €146M from Nigeria, resulting in a negative trade balance of €63M. Between October 2023 and October 2024 the exports of Netherlands have decreased by €-66M (-44.3%) from €149M to €83M, while imports decreased by €-66M (-31.1%) from €212M to €146M.

Trade In October 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 October 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 (October 2023 - October 2024)€-66M(-44.3%)
IMPORT GROWTH (October 2023 - October 2024)€-66M(-31.1%)

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 2023, 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 2018 to $2.8B in 2023.

In 2018, 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 0.77%, from $4B in 2023 to $4.35B in 2018.

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

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

Market Competitiveness

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

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

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

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

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 2023, Netherlands had a large net trade with Nigeria in the exports of Mineral Products ($2.1B), Machines ($220M), and Animal Products ($171M).

During 2018, Nigeria had a large net trade with Netherlands in the exports of Mineral Products ($3.94B), Foodstuffs ($351M), and Animal Products ($22.6M).

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) (2023)

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