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Pricing

2022
Flag → Flag
Exports $1.18MRnk 100 / 166
2022
Flag → Flag
Top Product $1.17MFloat Glass
2022
Flag → Flag
Exports $191kRnk 88 / 146
2022
Flag → Flag
Top Product $150kCereal Flours
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 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$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186

About

Nigeria-Bolivia Trade: In 2022, Nigeria exported $1.18M to Bolivia. The main products that Nigeria exported to Bolivia were Float Glass ($1.17M), Motor vehicles; parts and accessories (8701 to 8705) ($2.9k), and Gaskets ($951). Over the past 5 years the exports of Nigeria to Bolivia have increased at an annualized rate of 326%, from $846 in 2017 to $1.18M in 2022.

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

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

In 2022, Bolivia 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, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $1.18M to Bolivia. The main products exported from Nigeria to Bolivia were Float Glass ($1.17M), Motor vehicles; parts and accessories (8701 to 8705) ($2.9k), and Gaskets ($951). During the last 5 years the exports of Nigeria to Bolivia have increased at an annualized rate of 326%, from $846 in 2017 to $1.18M in 2022.

Bolivia does not register exports to Nigeria. The main products exported from Bolivia to Nigeria were Cereal Flours ($150k), Tanned Equine and Bovine Hides ($22.2k), and Motor vehicles; parts and accessories (8701 to 8705) ($8.9k).

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

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

Latest Data

Trade between Nigeria (Flag) and Bolivia (Flag)

Nigeria Exports

Bolivia Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Bolivia
Top DestinationIndia$2.27B

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

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

In 2022, countries that imported more from Bolivia than Nigeria included Argentina ($1.76B), Colombia ($1.06B), and Peru ($885M).

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

Comparative Advantage Nigeria - Bolivia

Flow
Scale

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

During 2022, Nigeria had a large net trade with Bolivia in the exports of Stone And Glass ($1.17M), Machines ($3.9k), and Transportation ($2.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Bolivia+$20.2kMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Bolivia Nigeria+$43.8kEquine and Bovine Hides

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

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

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