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2023
Flag → Flag
Exports $3.44BRnk 6 / 159
2023
Flag → Flag
Top Product $3.32BCrude Petroleum
2023
Flag → Flag
Exports $540MRnk 40 / 213
2023
Flag → Flag
Top Product $83.6MUncoated Paper
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 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$4,876CURRENT US$
Rnk 123 / 196
2013-2023
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GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Nigeria-Indonesia Trade: In 2023, Nigeria exported $3.44B to Indonesia. The main products that Nigeria exported to Indonesia were Crude Petroleum ($3.32B), Cocoa Beans ($109M), and Raw Aluminium ($8.93M). Over the past 5 years the exports of Nigeria to Indonesia have increased at an annualized rate of 8.84%, from $2.25B in 2018 to $3.44B in 2023.

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

Indonesia-Nigeria Trade: In 2023, Indonesia exported $540M to Nigeria. The main products that Indonesia exported to Nigeria were Uncoated Paper ($83.6M), Palm Oil ($68.2M), and Margarine ($54.8M). Over the past 5 years the exports of Indonesia to Nigeria have increased at an annualized rate of 1.87%,  from $493M in 2018 to $540M in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $3.44B to Indonesia. The main products exported from Nigeria to Indonesia were Crude Petroleum ($3.32B), Cocoa Beans ($109M), and Raw Aluminium ($8.93M). During the last 5 years the exports of Nigeria to Indonesia have increased at an annualized rate of 8.84%, from $2.25B in 2018 to $3.44B in 2023.

In 2018, Indonesia exported $540M to Nigeria. The main products exported from Indonesia to Nigeria were Uncoated Paper ($83.6M), Palm Oil ($68.2M), and Margarine ($54.8M). During the last 5 years the exports of Indonesia to Nigeria have increased at an annualized rate of 1.87%, from $493M in 2023 to $540M in 2018.

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

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

Latest Data

Trade between Nigeria (Flag) and Indonesia (Flag)

Nigeria Exports

Indonesia Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Nigeria than Indonesia included France ($4.76B), Spain ($5.76B), and Cote d'Ivoire ($2.4B).

In 2023, countries that imported more from Indonesia than Nigeria included China ($70.7B), Japan ($23.7B), and United States ($27.9B).

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

Comparative Advantage Nigeria - Indonesia

Flow
Scale

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

During 2023, Nigeria had a large net trade with Indonesia in the exports of Mineral Products ($3.32B), Foodstuffs ($109M), and Metals ($9M).

During 2018, Indonesia had a large net trade with Nigeria in the exports of Animal and Vegetable Bi-Products ($162M), Paper Goods ($109M), and Chemical Products ($97.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Indonesia+$43.8MNitrogenous Fertilizers
Top Product Potential Indonesia Nigeria+$36.2MPalm 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 Indonesia. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Indonesia. Similarly, a dot/product with the flag of Indonesia indicates it has a comparative advantage over Nigeria.

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

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