2022
Flag
 GDP
$477BCURRENT US$
Rnk 30 / 186
2012-2022
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GDP GROWTH
2.89%CURRENT US$
Rnk 159 / 186
2022
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GDP PC
$2,184CURRENT US$
Rnk 146 / 186
2012-2022
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GDP PC GROWTH
-19.9%CURRENT US$
Rnk 173 / 186

About

Cocos (Keeling) Islands-Nigeria In 2022, Cocos (Keeling) Islands exported $13.1k to Nigeria. The main products that Cocos (Keeling) Islands exported to Nigeria are Washing and Bottling Machines ($12.7k), Electrical Transformers ($330), and Engine Parts ($120). During the last 22 years the exports of Cocos (Keeling) Islands to Nigeria have decreased at an annualized rate of 10.3%, from $143k in 2000 to $13.1k in 2022.

In 2022, Cocos (Keeling) Islands did not export any services to Nigeria.

Nigeria-Cocos (Keeling) Islands In 2022, Nigeria exported $554k to Cocos (Keeling) Islands. The main products that Nigeria exported to Cocos (Keeling) Islands were N/A. During the last 22 years the exports of Nigeria to Cocos (Keeling) Islands have decreased at an annualized rate of 14.9%, from $19.3M in 2000 to $554k in 2022.

In 2022, Nigeria did not export any services to Cocos (Keeling) Islands.

Comparison In 2022,  Cocos (Keeling) Islands ranked 223 in total exports ($3.05M), and does not have data regarding Economic Complexity Index. That same year, Nigeria ranked 119 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, Cocos (Keeling) Islands exported $13.1k to Nigeria. The main products exported from Cocos (Keeling) Islands to Nigeria were Washing and Bottling Machines ($12.7k), Electrical Transformers ($330), and Engine Parts ($120). During the last 22 years the exports of Cocos (Keeling) Islands to Nigeria have decreased at an annualized rate of 10.3%, from $143k in 2000 to $13.1k in 2022.

In 2012, Nigeria exported $554k to Cocos (Keeling) Islands. There were not main exports from Nigeria to Cocos (Keeling) Islands in 2012. During the last 3 years the exports of Nigeria to Cocos (Keeling) Islands have decreased at an annualized rate of 14.9%, from $19.3M in 2009 to $554k in 2012.

Exports from Cocos (Keeling) Islands (Flag) to Nigeria (Flag) (2022)

Exports from Nigeria (Flag) to Cocos (Keeling) Islands (Flag) (2022)

Market Competitiveness

Color
Nigeria
Top Destination
Spain$9.41B

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

In 2021, countries that imported more from Cocos (Keeling) Islands than Nigeria were Fiji ($1).

In 2021, countries that imported more from Nigeria than Cocos (Keeling) Islands were Spain ($9.41B), India ($8.2B), and France ($4.95B).

Difference in imports from Nigeria (Flag) and Cocos (Keeling) Islands (Flag) (2022)

Comparative Advantage Cocos (Keeling) Islands - Nigeria

Flow
Scale

This chart compares trade between Cocos (Keeling) Islands and Nigeria by product, considering products traded by both, Cocos (Keeling) Islands and Nigeria.

During 2022, Cocos (Keeling) Islands had a large net trade with Nigeria in the exports of Machines ($13.1k).

During 2012, Nigeria had a large net trade with Cocos (Keeling) Islands in the exports of .

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Cocos (Keeling) Islands has comparative advantage over Nigeria. Similarly, the more yellow a dot/product is, the more Nigeria has comparative advantage over Cocos (Keeling) Islands.

Product Space of Cocos (Keeling) Islands (Flag) and Nigeria (Flag) (2022)

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