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2022
Flag → Flag
Exports $12.6MRnk 30 / 173
2022
Flag → Flag
Top Product $10.9MSalt
2022
Flag → Flag
Exports $433MRnk 31 / 166
2022
Flag → Flag
Top Product $433MSpecial Purpose Ships
2022
Flag
Economic Complexity (ECI) ECI -0.63Rnk 94 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$12.6BCURRENT US$
Rnk 141 / 186
2012-2022
Flag
GDP GROWTH-3.33%CURRENT US$
Rnk 168 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC $4,911CURRENT US$
Rnk 113 / 186
2012-2022
Flag
GDP PC GROWTH-18.4%CURRENT US$
Rnk 170 / 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

Namibia-Nigeria Trade: In 2022, Namibia exported $12.6M to Nigeria. The main products that Namibia exported to Nigeria were Salt ($10.9M), Tanned Equine and Bovine Hides ($293k), and Lifting Machinery ($291k). Over the past 5 years the exports of Namibia to Nigeria have decreased at an annualized rate of 2.62%, from $14.4M in 2017 to $12.6M in 2022.

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

Nigeria-Namibia Trade: In 2022, Nigeria exported $433M to Namibia. The main products that Nigeria exported to Namibia were Special Purpose Ships ($433M), Excavation Machinery ($60.9k), and Beauty Products ($51.5k). Over the past 5 years the exports of Nigeria to Namibia have increased at an annualized rate of 425%,  from $108k in 2017 to $433M in 2022.

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

Comparison: In 2022,  Namibia ranked 94 in the Economic Complexity Index (ECI -0.63), and 121 in total exports ($6.18B). 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
Value

In 2022, Namibia exported $12.6M to Nigeria. The main products exported from Namibia to Nigeria were Salt ($10.9M), Tanned Equine and Bovine Hides ($293k), and Lifting Machinery ($291k). During the last 5 years the exports of Namibia to Nigeria have decreased at an annualized rate of 2.62%, from $14.4M in 2017 to $12.6M in 2022.

In 2017, Nigeria exported $433M to Namibia. The main products exported from Nigeria to Namibia were Special Purpose Ships ($433M), Excavation Machinery ($60.9k), and Beauty Products ($51.5k). During the last 5 years the exports of Nigeria to Namibia have increased at an annualized rate of 425%, from $108k in 2022 to $433M in 2017.

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

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

Latest Data

Trade between Namibia (Flag) and Nigeria (Flag)

Namibia Exports

Market Competitiveness

Color
Namibia
Top DestinationSouth Africa$1.75B
Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from Namibia than Nigeria included Botswana ($672M), Zambia ($279M), and Democratic Republic of the Congo ($251M).

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

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

Comparative Advantage Namibia - Nigeria

Flow
Scale

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

During 2022, Namibia had a large net trade with Nigeria in the exports of Mineral Products ($11M), Machines ($654k), and Animal Hides ($296k).

During 2017, Nigeria had a large net trade with Namibia in the exports of Transportation ($433M), Machines ($99.2k), and Chemical Products ($90.6k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Namibia Nigeria+$822kRefined Petroleum
Top Product Potential Nigeria Namibia+$46kBeauty Products

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

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

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