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Pricing

2022
Flag → Flag
Exports $5.43BRnk 27 / 217
2022
Flag → Flag
Top Product $2.37BRefined Petroleum
2022
Flag → Flag
Exports $8.2BRnk 2 / 166
2022
Flag → Flag
Top Product $7.35BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 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

India-Nigeria Trade: In 2022, India exported $5.43B to Nigeria. The main products that India exported to Nigeria were Refined Petroleum ($2.37B), Packaged Medicaments ($409M), and Motorcycles and cycles ($345M). Over the past 5 years the exports of India to Nigeria have increased at an annualized rate of 20.3%, from $2.15B in 2017 to $5.43B in 2022.

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

Nigeria-India Trade: In 2022, Nigeria exported $8.2B to India. The main products that Nigeria exported to India were Crude Petroleum ($7.35B), Petroleum Gas ($443M), and Nitrogenous Fertilizers ($175M). Over the past 5 years the exports of Nigeria to India have decreased at an annualized rate of 0.16%,  from $8.32B in 2017 to $8.2B in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Latest Trends

September, 2024

About

Overview In September 2024, India exported $256M and imported $47.4M from Nigeria, resulting in a positive trade balance of $208M. Between September 2023 and September 2024 the exports of India have decreased by $-79.6M (-23.7%) from $335M to $256M, while imports decreased by $-103M (-68.5%) from $150M to $47.4M.

Trade In September 2024, the top exports of India to Nigeria were Petroleum Products ($160M), Drug Formulations, Biologicals ($26M), Two And Three Wheelers ($17.7M), Indl. Machnry For Dairy Etc ($15.4M), and Cotton Fabrics, Madeups Etc. ($12.1M). In September 2024 the top imports of India from Nigeria were Petroleum: Crude ($173M), Fertilezers Manufactured ($54.3M), Aluminium, Products Of Aluminm ($1.44M), Natural Rubber ($1.24M), and Lead And Products Made Of Led ($873k).

Growth In September 2024, the decrease in India's year-by-year exports to Nigeria was explained primarily by an decrease in product exports in Two And Three Wheelers ($-31.8M or -64.2%), Drug Formulations, Biologicals ($-14.7M or -36.1%), and Electric Machinery And Equipme ($-6.8M or -45.2%). In September 2024, the decrease in India's year-by-year imports  from Nigeria was explained primarily by an decrease in product imports  in Petroleum Products ($-286M or -100%), Petroleum: Crude ($-246M or -58.7%), and Finished Leather ($-934k or -75.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)$-79.6M(-23.7%)
IMPORT GROWTH (September 2023 - September 2024)$-103M(-68.5%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Nigeria and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nigeria and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $5.43B to Nigeria. The main products exported from India to Nigeria were Refined Petroleum ($2.37B), Packaged Medicaments ($409M), and Motorcycles and cycles ($345M). During the last 5 years the exports of India to Nigeria have increased at an annualized rate of 20.3%, from $2.15B in 2017 to $5.43B in 2022.

In 2017, Nigeria exported $8.2B to India. The main products exported from Nigeria to India were Crude Petroleum ($7.35B), Petroleum Gas ($443M), and Nitrogenous Fertilizers ($175M). During the last 5 years the exports of Nigeria to India have decreased at an annualized rate of 0.16%, from $8.32B in 2022 to $8.2B in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from India than Nigeria included United States ($82.9B), United Arab Emirates ($31.6B), and China ($15.3B).

In 2022, countries that imported more from Nigeria than India included Spain ($9.41B), Cote d'Ivoire ($1.97B), and Portugal ($1.93B).

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

Comparative Advantage India - Nigeria

Flow
Scale

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

During 2022, India had a large net trade with Nigeria in the exports of Mineral Products ($2.4B), Chemical Products ($762M), and Machines ($672M).

During 2017, Nigeria had a large net trade with India in the exports of Mineral Products ($7.8B), Chemical Products ($178M), and Vegetable Products ($143M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Nigeria+$975MRefined Petroleum
Top Product Potential Nigeria India+$3.77BCrude Petroleum

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

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

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