Indonesia (IDN) and Nigeria (NGA) Trade | The Observatory of Economic Complexity

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Indonesia-Nigeria Trade: In 2023, Indonesia exported $540M to Nigeria. The main products that Indonesia exported to Nigeria were Uncoated Paper ($83.6M), Palm Oil ($68.2M), and Margarine ($54.8M). Over the past 5 years the exports of Indonesia to Nigeria have increased at an annualized rate of 1.87%, from $493M in 2018 to $540M in 2023.

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

Nigeria-Indonesia Trade: In 2023, Nigeria exported $3.44B to Indonesia. The main products that Nigeria exported to Indonesia were Crude Petroleum ($3.32B), Cocoa Beans ($109M), and Raw Aluminium ($8.93M). Over the past 5 years the exports of Nigeria to Indonesia have increased at an annualized rate of 8.84%, from $2.25B in 2018 to $3.44B in 2023.

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

Comparison: In 2023, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). 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, Indonesia exported $540M to Nigeria. The main products exported from Indonesia to Nigeria were Uncoated Paper ($83.6M), Palm Oil ($68.2M), and Margarine ($54.8M). During the last 5 years the exports of Indonesia to Nigeria have increased at an annualized rate of 1.87%, from $493M in 2018 to $540M in 2023.

In 2018, Nigeria exported $3.44B to Indonesia. The main products exported from Nigeria to Indonesia were Crude Petroleum ($3.32B), Cocoa Beans ($109M), and Raw Aluminium ($8.93M). During the last 5 years the exports of Nigeria to Indonesia have increased at an annualized rate of 8.84%, from $2.25B in 2023 to $3.44B in 2018.

Exports from Indonesia () to Nigeria () (2023)

Exports from Nigeria () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Nigeria ()

Indonesia Exports

Date

Nigeria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$70.7B

Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Indonesia than Nigeria included China ($70.7B), Japan ($23.7B), and United States ($27.9B).

In 2023, countries that imported more from Nigeria than Indonesia included France ($4.76B), Spain ($5.76B), and Cote d'Ivoire ($2.4B).

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

Comparative Advantage Indonesia - Nigeria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Indonesia had a large net trade with Nigeria in the exports of Animal and Vegetable Bi-Products ($162M), Paper Goods ($109M), and Chemical Products ($97.1M).

During 2018, Nigeria had a large net trade with Indonesia in the exports of Mineral Products ($3.32B), Foodstuffs ($109M), and Metals ($9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia Nigeria+$36.2MPalm Oil

Top Product Potential Nigeria Indonesia+$43.8MNitrogenous Fertilizers

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 Indonesia and Nigeria. This means that a dot/product with the flag of Indonesia indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over Indonesia.

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Historical Data

Bilateral Trade by Products

Exports from Indonesia () to Nigeria () (2023)

Exports from Nigeria () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Nigeria ()

Indonesia Exports

Nigeria Exports

Market Competitiveness

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

Comparative Advantage Indonesia - Nigeria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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