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2022
Flag → Flag
Exports $195MRnk 40 / 166
2022
Flag → Flag
Top Product $63.7MElectricity
2022
Flag → Flag
Exports $15.4MRnk 13 / 128
2022
Flag → Flag
Top Product $8.47MSeed Oils
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 86 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$17.4BCURRENT US$
Rnk 124 / 186
2012-2022
Flag
GDP GROWTH56.2%CURRENT US$
Rnk 48 / 186
2022
Flag
GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$1,303CURRENT US$
Rnk 161 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 95 / 186

About

Nigeria-Benin Trade: In 2022, Nigeria exported $195M to Benin. The main products that Nigeria exported to Benin were Electricity ($63.7M), Refined Petroleum ($60.9M), and Nitrogenous Fertilizers ($20.1M). Over the past 5 years the exports of Nigeria to Benin have increased at an annualized rate of 5.87%, from $147M in 2017 to $195M in 2022.

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

Benin-Nigeria Trade: In 2022, Benin exported $15.4M to Nigeria. The main products that Benin exported to Nigeria were Seed Oils ($8.47M), Soap ($1.7M), and Other Oily Seeds ($1.52M). Over the past 5 years the exports of Benin to Nigeria have decreased at an annualized rate of 29.2%,  from $86.4M in 2017 to $15.4M in 2022.

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

Comparison: In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $195M to Benin. The main products exported from Nigeria to Benin were Electricity ($63.7M), Refined Petroleum ($60.9M), and Nitrogenous Fertilizers ($20.1M). During the last 5 years the exports of Nigeria to Benin have increased at an annualized rate of 5.87%, from $147M in 2017 to $195M in 2022.

In 2017, Benin exported $15.4M to Nigeria. The main products exported from Benin to Nigeria were Seed Oils ($8.47M), Soap ($1.7M), and Other Oily Seeds ($1.52M). During the last 5 years the exports of Benin to Nigeria have decreased at an annualized rate of 29.2%, from $86.4M in 2022 to $15.4M in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Benin (Flag)

Nigeria Exports

Benin Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Benin
Top DestinationIndia$448M

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

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

In 2022, countries that imported more from Benin than Nigeria included Bangladesh ($406M), Egypt ($41.7M), and Chad ($28M).

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

Comparative Advantage Nigeria - Benin

Flow
Scale

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

During 2022, Nigeria had a large net trade with Benin in the exports of Mineral Products ($128M), Chemical Products ($24.3M), and Metals ($23.2M).

During 2017, Benin had a large net trade with Nigeria in the exports of Animal and Vegetable Bi-Products ($9.92M), Vegetable Products ($1.92M), and Chemical Products ($1.74M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Benin+$16.3MRefined Petroleum
Top Product Potential Benin Nigeria+$850kPalm Oil

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

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

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