Barbados (BRB) and Nigeria (NGA) Trade | The Observatory of Economic Complexity

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Barbados-Nigeria Trade: In 2022, Barbados exported $109k to Nigeria. The main products that Barbados exported to Nigeria were Raw Plastic Sheeting ($106k), Computers ($1.08k), and Office Machine Parts ($601). Over the past 6 years the exports of Barbados to Nigeria have increased at an annualized rate of 150%, from $446 in 2016 to $109k in 2022.

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

Nigeria-Barbados Trade: In 2022, Nigeria exported $6.74k to Barbados. The main products that Nigeria exported to Barbados were Beauty Products ($1.72k), Non-Knit Men's Suits ($1.14k), and Computers ($969). Over the past 6 years the exports of Nigeria to Barbados have decreased at an annualized rate of 18%, from $27k in 2016 to $6.74k in 2022.

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

Comparison In 2022, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index. 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Barbados exported $109k to Nigeria. The main products exported from Barbados to Nigeria were Raw Plastic Sheeting ($106k), Computers ($1.08k), and Office Machine Parts ($601). During the last 6 years the exports of Barbados to Nigeria have increased at an annualized rate of 150%, from $446 in 2016 to $109k in 2022.

In 2017, Nigeria exported $6.74k to Barbados. The main products exported from Nigeria to Barbados were Beauty Products ($1.72k), Non-Knit Men's Suits ($1.14k), and Computers ($969). During the last 5 years the exports of Nigeria to Barbados have decreased at an annualized rate of 18%, from $27k in 2022 to $6.74k in 2017.

Exports from Barbados () to Nigeria () (2022)

Exports from Nigeria () to Barbados () (2022)

Latest Data

Trade between Barbados () and Nigeria ()

Barbados Exports

Date

Nigeria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Barbados
Top DestinationUnited States$88.6M

Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from Barbados than Nigeria included Trinidad and Tobago ($33.8M), Guyana ($29.7M), and Saint Lucia ($20.8M).

In 2022, countries that imported more from Nigeria than Barbados included Spain ($9.41B), India ($8.2B), and France ($4.95B).

Difference in imports from Nigeria () and Barbados () (2022)

Comparative Advantage Barbados - Nigeria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Barbados had a large net trade with Nigeria in the exports of Plastics and Rubbers ($106k), Machines ($2.18k), and Arts and Antiques ($574).

During 2017, Nigeria had a large net trade with Barbados in the exports of Chemical Products ($1.89k), Machines ($1.7k), and Textiles ($1.57k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Barbados () to Nigeria () (2022)

Exports from Nigeria () to Barbados () (2022)

Latest Data

Trade between Barbados () and Nigeria ()

Barbados Exports

Nigeria Exports

Market Competitiveness

Difference in imports from Nigeria () and Barbados () (2022)

Comparative Advantage Barbados - Nigeria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Barbados () and Nigeria () (2022)

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