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Pricing

2022
Flag → Flag
Exports $87.4MRnk 49 / 166
2022
Flag → Flag
Top Product $74.2MPetroleum Gas
2022
Flag → Flag
Exports $11MRnk 86 / 187
2022
Flag → Flag
Top Product $4.33MEquine and Bovine Hides
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 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$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Nigeria-Colombia Trade: In 2022, Nigeria exported $87.4M to Colombia. The main products that Nigeria exported to Colombia were Petroleum Gas ($74.2M), Nitrogenous Fertilizers ($7.85M), and Float Glass ($2.85M). Over the past 5 years the exports of Nigeria to Colombia have increased at an annualized rate of 362%, from $41.3k in 2017 to $87.4M in 2022.

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

Colombia-Nigeria Trade: In 2022, Colombia exported $11M to Nigeria. The main products that Colombia exported to Nigeria were Equine and Bovine Hides ($4.33M), Confectionery Sugar ($2.95M), and Baked Goods ($1.23M). Over the past 5 years the exports of Colombia to Nigeria have increased at an annualized rate of 15.2%,  from $5.44M in 2017 to $11M in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $87.4M to Colombia. The main products exported from Nigeria to Colombia were Petroleum Gas ($74.2M), Nitrogenous Fertilizers ($7.85M), and Float Glass ($2.85M). During the last 5 years the exports of Nigeria to Colombia have increased at an annualized rate of 362%, from $41.3k in 2017 to $87.4M in 2022.

In 2017, Colombia exported $11M to Nigeria. The main products exported from Colombia to Nigeria were Equine and Bovine Hides ($4.33M), Confectionery Sugar ($2.95M), and Baked Goods ($1.23M). During the last 5 years the exports of Colombia to Nigeria have increased at an annualized rate of 15.2%, from $5.44M in 2022 to $11M in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Colombia (Flag)

Colombia Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Colombia
Top DestinationUnited States$15.6B

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

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

In 2022, countries that imported more from Colombia than Nigeria included United States ($15.6B), Panama ($5.84B), and Ecuador ($1.89B).

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

Comparative Advantage Nigeria - Colombia

Flow
Scale

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

During 2022, Nigeria had a large net trade with Colombia in the exports of Mineral Products ($74.2M), Chemical Products ($7.85M), and Stone And Glass ($2.88M).

During 2017, Colombia had a large net trade with Nigeria in the exports of Animal Hides ($4.98M), Foodstuffs ($4.19M), and Metals ($536k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Colombia+$13.7MPetroleum Gas
Top Product Potential Colombia Nigeria+$848kConfectionery Sugar

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

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

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