Flag Netherlands / Nigeria Flag

Exports Flag β†’ Flag  (2018): $5B, Rnk 20 / 219

Top Product Flag β†’ Flag (2018): $3.84B, Refined Petroleum

Exports Flag β†’ Flag (2018): $2.88B, Rnk 7 / 145

Top Product Flag β†’ Flag (2018): $2.1B, Crude Petroleum

Economic Complexity of Flag (2018): ECI 1.16, Rnk 20 / 137

Economic Complexity of Flag (2018): ECI -1.75, Rnk 134 / 137

GDP Flag (2018): $914B, CURRENT US$
Rnk 17 / 196

GDP GROWTH Flag (2008-2018): -3.62%, CURRENT US$
Rnk 176 / 196

GDP Flag (2018): $397B, CURRENT US$
Rnk 29 / 196

GDP GROWTH Flag (2008-2018): 17.9%, CURRENT US$
Rnk 130 / 196

GDP PC Flag (2018): $53,024, CURRENT US$
Rnk 14 / 196

GDP PC GROWTH Flag (2008-2018): -8.02%, CURRENT US$
Rnk 164 / 196

GDP PC Flag (2018): $2,028, CURRENT US$
Rnk 151 / 196

GDP PC GROWTH Flag (2008-2018): -9.57%, CURRENT US$
Rnk 169 / 196

Netherlands-Nigeria: In 2018, Netherlands exported $5B to Nigeria. The main products exported from Netherlands to Nigeria were Refined Petroleum ($3.84B), Packaged Medicaments ($344M), and Non-fillet Frozen Fish ($204M). During the last 23 years the exports of Netherlands to Nigeria have increased at an annualized rate of 13.5%, from $271M in 1995 to $5B in 2018. In 2009, Netherlands exported services to Nigeria worth $1.53B, with Services not allocated ($793M), Other business services ($526M), and Transportation ($112M) being the largest in terms of value.

Nigeria-Netherlands: In 2018, Nigeria exported $2.88B to Netherlands. The main products exported from Nigeria to Netherlands were Crude Petroleum ($2.1B), Cocoa Beans ($262M), and Petroleum Gas ($256M). During the last 23 years the exports of Nigeria to Netherlands have increased at an annualized rate of 9.41%, from $364M in 1995 to $2.88B in 2018.

Comparison: In 2018, Netherlands ranked 20 in the Economic Complexity Index (ECI 1.16), and 7 in total exports ($550B). That same year, Nigeria ranked 134 in the Economic Complexity Index (ECI -1.75), and 50 in total exports ($59.5B). In terms of GDP Per Capita, Netherlands was ranked 14 with a GDP Per Capita of $53,024, and Nigeria was ranked 151 with a GDP Per Capita of $2,028.

Bilateral Trade by Products

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Depth
Value

In 2018, Netherlands exported $5B to Nigeria. The main products exported from Netherlands to Nigeria were Refined Petroleum ($3.84B), Packaged Medicaments ($344M), and Non-fillet Frozen Fish ($204M). During the last 23 years the exports of Netherlands to Nigeria have increased at an annualized rate of 13.5%, from $271M in 1995 to $5B in 2018.

In 2018, Nigeria exported $2.88B to Netherlands. The main products exported from Nigeria to Netherlands were Crude Petroleum ($2.1B), Cocoa Beans ($262M), and Petroleum Gas ($256M). During the last 23 years the exports of Nigeria to Netherlands have increased at an annualized rate of 9.41%, from $364M in 1995 to $2.88B in 2018.

Market Competitiveness

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Measure

Netherlands
Top Destination
: Germany, $111B

Nigeria
Top Destination
: India, $10B

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 2018, countries that imported more from Netherlands than Nigeria were Germany ($111B), Belgium-Luxembourg ($71.3B), and United Kingdom ($50.7B).

In 2018, countries that imported more from Nigeria than Netherlands were India ($10B), South Africa ($3.87B), and Indonesia ($2.24B).

Comparative Advantage Netherlands - Nigeria

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Depth

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

During 2018, Netherlands had a large net trade with Nigeria in the exports of Mineral Products ($3.85B), Chemical Products ($402M), and Animal Products ($289M).

During 2018, Nigeria had a large net trade with Netherlands in the exports of Mineral Products ($2.51B), Foodstuffs ($279M), and Transportation ($31.4M).

Tariff Section

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This sections shows import tariffs for products traded between Netherlands and Nigeria (using the HS6 product classification and the last year reported).

In 2017, the products from Netherlands that paid the highest import tariffs to enter Nigeria were Sugar beet (178%) and Whey (173%).

In 2016, the products from Nigeria that paid the highest import tariffs to enter Netherlands were Bovine carcasses and half carcasses, fresh or chilled (35%) and Bovine cuts bone in, fresh or chilled (35%).

Explore Tariff Data

*The tariffs present between Netherlands and Nigeria are:
122: EU preferential tariff for sugar producing countries
123: European Union Generalized System of Preference
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Netherlands and Nigeria. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2009, Netherlands exported services to Nigeria worth $1.53B, with Services not allocated ($793M), Other business services ($526M), and Transportation ($112M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Netherlands has comparative advantage over Nigeria. Similarly, the more red a dot/product is, the more Nigeria has comparative advantage over Netherlands.