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2018
Flag → Flag
Exports $71.1kRnk 102 / 0
2018
Flag → Flag
Exports $2.56kRnk 110 / 128
2018
Flag → Flag
Top Product $1kWeapons Parts and Accessories
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$2.82BCURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP GROWTH48.4%CURRENT US$
Rnk 67 / 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$6,968CURRENT US$
Rnk 92 / 186
2012-2022
Flag
GDP PC GROWTH23.4%CURRENT US$
Rnk 76 / 186

About

Nigeria-Belize Trade: In 2018, Nigeria exported $71.1k to Belize. The main products that Nigeria exported to Belize were N/A. Over the past 9 years the exports of Nigeria to Belize have decreased at an annualized rate of 63.1%, from $557M in 2009 to $71.1k in 2018.

In 2018, Nigeria did not export any services to Belize.

Belize-Nigeria Trade: In 2018, Belize exported $2.56k to Nigeria. The main products that Belize exported to Nigeria were Weapons Parts and Accessories ($1k), Engine Parts ($824), and Computers ($600). Over the past 9 years the exports of Belize to Nigeria have decreased at an annualized rate of 14.4%,  from $5.56k in 2009 to $2.56k in 2018.

In 2018, Belize 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, Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2018, Nigeria exported $71.1k to Belize. There were not main exports from Nigeria to Belize in 2018. During the last 9 years the exports of Nigeria to Belize have decreased at an annualized rate of 63.1%, from $557M in 2009 to $71.1k in 2018.

In 2017, Belize exported $2.56k to Nigeria. The main products exported from Belize to Nigeria were Weapons Parts and Accessories ($1k), Engine Parts ($824), and Computers ($600). During the last 5 years the exports of Belize to Nigeria have decreased at an annualized rate of 14.4%, from $5.56k in 2022 to $2.56k in 2017.

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

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

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Belize
Top DestinationUnited States$86.5M

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

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

In 2022, countries that imported more from Belize than Nigeria included Guatemala ($39.2M), Honduras ($19.9M), and Trinidad and Tobago ($14.7M).

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

Comparative Advantage Nigeria - Belize

Flow
Scale

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

During 2018, Nigeria had a large net trade with Belize in the exports of .

During 2017, Belize had a large net trade with Nigeria in the exports of Machines ($1.42k), Weapons ($1k), and Animal Hides ($137).

Economic Complexity

Competitive Landscape

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

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

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