Laos (LAO) and Nigeria (NGA) Trade | The Observatory of Economic Complexity

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Laos-Nigeria Trade: In 2022, Laos exported $7.82k to Nigeria. The main products that Laos exported to Nigeria were Non-Knit Active Wear ($3.88k), Non-Knit Men's Suits ($2.65k), and Knit Women's Suits ($548). Over the past 5 years the exports of Laos to Nigeria have decreased at an annualized rate of 20.4%, from $24.5k in 2017 to $7.82k in 2022.

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

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

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

Comparison: In 2022, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B). 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, Laos exported $7.82k to Nigeria. The main products exported from Laos to Nigeria were Non-Knit Active Wear ($3.88k), Non-Knit Men's Suits ($2.65k), and Knit Women's Suits ($548). During the last 5 years the exports of Laos to Nigeria have decreased at an annualized rate of 20.4%, from $24.5k in 2017 to $7.82k in 2022.

Nigeria does not register exports to Laos.

Exports from Laos () to Nigeria () (2022)

Exports from Nigeria () to Laos () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationThailand$3.29B

Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from Laos than Nigeria included Thailand ($3.29B), China ($2.73B), and Vietnam ($978M).

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

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

Comparative Advantage Laos - Nigeria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Laos had a large net trade with Nigeria in the exports of Textiles ($7.11k) and Footwear and Headwear ($719).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Nigeria+$26.6kNon-Knit Men's Suits

Top Product Potential Nigeria Laos+$4.27kRefined 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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Laos () to Nigeria () (2022)

Exports from Nigeria () to Laos () (2022)

Market Competitiveness

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

Comparative Advantage Laos - Nigeria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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