Bangladesh (BGD) and Nigeria (NGA) Trade | The Observatory of Economic Complexity

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Bangladesh-Nigeria Trade: In 2023, Bangladesh exported $9.77M to Nigeria. The main products that Bangladesh exported to Nigeria were Raw Tobacco ($4.28M), Packing Bags ($1.75M), and Raw Plastic Sheeting ($1.39M). Over the past 5 years the exports of Bangladesh to Nigeria have increased at an annualized rate of 29.1%, from $2.72M in 2018 to $9.77M in 2023.

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

Nigeria-Bangladesh Trade: In 2023, Nigeria exported $56.8M to Bangladesh. The main products that Nigeria exported to Bangladesh were Petroleum Gas ($48.9M), Raw Cotton ($6.12M), and Soybeans ($902k). Over the past 5 years the exports of Nigeria to Bangladesh have increased at an annualized rate of 127%, from $935k in 2018 to $56.8M in 2023.

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

Comparison: In 2023, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). That same year, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $9.77M to Nigeria. The main products exported from Bangladesh to Nigeria were Raw Tobacco ($4.28M), Packing Bags ($1.75M), and Raw Plastic Sheeting ($1.39M). During the last 5 years the exports of Bangladesh to Nigeria have increased at an annualized rate of 29.1%, from $2.72M in 2018 to $9.77M in 2023.

In 2018, Nigeria exported $56.8M to Bangladesh. The main products exported from Nigeria to Bangladesh were Petroleum Gas ($48.9M), Raw Cotton ($6.12M), and Soybeans ($902k). During the last 5 years the exports of Nigeria to Bangladesh have increased at an annualized rate of 127%, from $935k in 2023 to $56.8M in 2018.

Exports from Bangladesh () to Nigeria () (2023)

Exports from Nigeria () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Nigeria ()

Nigeria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Bangladesh than Nigeria included Germany ($8.28B), Poland ($3.04B), and United States ($8.58B).

In 2023, countries that imported more from Nigeria than Bangladesh included Indonesia ($3.44B), Netherlands ($4.35B), and France ($4.76B).

Difference in imports from Nigeria () and Bangladesh () (2023)

Comparative Advantage Bangladesh - Nigeria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Nigeria in the exports of Foodstuffs ($4.28M), Textiles ($2.07M), and Plastics and Rubbers ($1.4M).

During 2018, Nigeria had a large net trade with Bangladesh in the exports of Mineral Products ($48.9M), Textiles ($6.89M), and Vegetable Products ($1.02M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Nigeria+$1.23MPackaged Medicaments

Top Product Potential Nigeria Bangladesh+$20.5MPetroleum Gas

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

Year

This visualization shows the product space at the HS4 level with the flags of Bangladesh and Nigeria. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over Bangladesh.

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Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Nigeria () (2023)

Exports from Nigeria () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Nigeria ()

Nigeria Exports

Market Competitiveness

Difference in imports from Nigeria () and Bangladesh () (2023)

Comparative Advantage Bangladesh - Nigeria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Nigeria () (2023)

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