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2023
Flag → Flag
Exports $3.4MRnk 91 / 159
2023
Flag → Flag
Top Product $3.1MPetroleum Gas
2023
Flag → Flag
Exports $202MRnk 35 / 183
2023
Flag → Flag
Top Product $176MNon-fillet Frozen Fish
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.2Rnk 72 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 139 / 195
2023
Flag
GDP PC $1,597CURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195
2023
Flag
GDP PC$17,068CURRENT US$
Rnk 68 / 196
2013-2023
Flag
GDP PC GROWTH8.83%CURRENT US$
Rnk 137 / 195

About

Nigeria-Chile Trade: In 2023, Nigeria exported $3.4M to Chile. The main products that Nigeria exported to Chile were Petroleum Gas ($3.1M), Perfume Plants ($282k), and Tanned Goat Hides ($4.95k). Over the past 5 years the exports of Nigeria to Chile have increased at an annualized rate of 135%, from $47.4k in 2018 to $3.4M in 2023.

In 2023, Nigeria did not export any services to Chile.

Chile-Nigeria Trade: In 2023, Chile exported $202M to Nigeria. The main products that Chile exported to Nigeria were Non-fillet Frozen Fish ($176M), Petroleum Gas ($12.4M), and Non-fillet Fresh Fish ($4.32M). Over the past 5 years the exports of Chile to Nigeria have increased at an annualized rate of 18.8%,  from $85.6M in 2018 to $202M in 2023.

In 2023, Chile did not export any services to Nigeria.

Comparison: In 2023,  Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). That same year, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $3.4M to Chile. The main products exported from Nigeria to Chile were Petroleum Gas ($3.1M), Perfume Plants ($282k), and Tanned Goat Hides ($4.95k). During the last 5 years the exports of Nigeria to Chile have increased at an annualized rate of 135%, from $47.4k in 2018 to $3.4M in 2023.

In 2018, Chile exported $202M to Nigeria. The main products exported from Chile to Nigeria were Non-fillet Frozen Fish ($176M), Petroleum Gas ($12.4M), and Non-fillet Fresh Fish ($4.32M). During the last 5 years the exports of Chile to Nigeria have increased at an annualized rate of 18.8%, from $85.6M in 2023 to $202M in 2018.

Exports from Nigeria (Flag) to Chile (Flag) (2023)

Exports from Chile (Flag) to Nigeria (Flag) (2023)

Latest Data

Trade between Nigeria (Flag) and Chile (Flag)

Nigeria Exports

Date

Chile Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Chile
Top DestinationChina$38.2B

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

In 2023, countries that imported more from Nigeria than Chile included Spain ($5.76B), France ($4.76B), and Indonesia ($3.44B).

In 2023, countries that imported more from Chile than Nigeria included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

Difference in imports from Chile (Flag) and Nigeria (Flag) (2023)

Comparative Advantage Nigeria - Chile

Flow
Scale

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

During 2023, Nigeria had a large net trade with Chile in the exports of Mineral Products ($3.1M), Vegetable Products ($282k), and Instruments ($5.72k).

During 2018, Chile had a large net trade with Nigeria in the exports of Animal Products ($180M), Mineral Products ($12.4M), and Paper Goods ($4.56M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Chile+$8.42MPetroleum Gas
Top Product Potential Chile Nigeria+$2.42MWine

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

Product Space of Nigeria (Flag) and Chile (Flag) (2023)

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