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Pricing

2022
Flag → Flag
Exports $7.31MRnk 92 / 139
2022
Flag → Flag
Top Product $2.19MRaw Plastic Sheeting
2022
Flag → Flag
Exports $47.2MRnk 48 / 166
2022
Flag → Flag
Top Product $94.6MPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI -0.82Rnk 101 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH245%CURRENT US$
Rnk 2 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC $2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH207%CURRENT US$
Rnk 2 / 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

Bangladesh-Nigeria Trade: In 2022, Bangladesh exported $7.31M to Nigeria. The main products that Bangladesh exported to Nigeria were Raw Plastic Sheeting ($2.19M), Packing Bags ($1.63M), and Raw Tobacco ($1.52M). Over the past 5 years the exports of Bangladesh to Nigeria have increased at an annualized rate of 19.8%, from $2.97M in 2017 to $7.31M in 2022.

In 2022, Bangladesh did not export any services to Nigeria.

Nigeria-Bangladesh In N/A, Nigeria did not export any products to Bangladesh.

In 2022, Nigeria did not export any services to Bangladesh.

Comparison: In 2022,  Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B). That same year, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bangladesh exported $7.31M to Nigeria. The main products exported from Bangladesh to Nigeria were Raw Plastic Sheeting ($2.19M), Packing Bags ($1.63M), and Raw Tobacco ($1.52M). During the last 5 years the exports of Bangladesh to Nigeria have increased at an annualized rate of 19.8%, from $2.97M in 2017 to $7.31M in 2022.

Nigeria does not register exports to Bangladesh. The main products exported from Nigeria to Bangladesh were Petroleum Gas ($94.6M), Raw Cotton ($1.77M), and Spices ($49.8k).

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

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

Latest Data

Trade between Bangladesh (Flag) and Nigeria (Flag)

Nigeria Exports

Market Competitiveness

Color
Bangladesh
Top DestinationUnited States$11.7B
Nigeria
Top DestinationSpain$9.41B

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 2022, countries that imported more from Bangladesh than Nigeria included Germany ($10.2B), United States ($11.7B), and Poland ($3.53B).

In 2022, countries that imported more from Nigeria than Bangladesh included India ($8.2B), Spain ($9.41B), and Indonesia ($3.83B).

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

Comparative Advantage Bangladesh - Nigeria

Flow
Scale

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

During 2022, Bangladesh had a large net trade with Nigeria in the exports of Plastics and Rubbers ($2.19M), Textiles ($1.96M), and Foodstuffs ($1.52M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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