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2023
Flag → Flag
Exports $3.64BRnk 5 / 159
2023
Flag → Flag
Top Product $2.81BCrude Petroleum
2023
Flag → Flag
Exports $4.06BRnk 29 / 220
2023
Flag → Flag
Top Product $1.33BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 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$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Nigeria-India Trade: In 2023, Nigeria exported $3.64B to India. The main products that Nigeria exported to India were Crude Petroleum ($2.81B), Petroleum Gas ($415M), and Soybeans ($126M). Over the past 5 years the exports of Nigeria to India have decreased at an annualized rate of 20.1%, from $11.2B in 2018 to $3.64B in 2023.

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

India-Nigeria Trade: In 2023, India exported $4.06B to Nigeria. The main products that India exported to Nigeria were Refined Petroleum ($1.33B), Packaged Medicaments ($345M), and Motorcycles and cycles ($232M). Over the past 5 years the exports of India to Nigeria have increased at an annualized rate of 6.8%,  from $2.92B in 2018 to $4.06B in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $3.64B to India. The main products exported from Nigeria to India were Crude Petroleum ($2.81B), Petroleum Gas ($415M), and Soybeans ($126M). During the last 5 years the exports of Nigeria to India have decreased at an annualized rate of 20.1%, from $11.2B in 2018 to $3.64B in 2023.

In 2018, India exported $4.06B to Nigeria. The main products exported from India to Nigeria were Refined Petroleum ($1.33B), Packaged Medicaments ($345M), and Motorcycles and cycles ($232M). During the last 5 years the exports of India to Nigeria have increased at an annualized rate of 6.8%, from $2.92B in 2023 to $4.06B in 2018.

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

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

Latest Data

Trade between Nigeria (Flag) and India (Flag)

Nigeria Exports

India Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Nigeria than India included Cote d'Ivoire ($2.4B), Uruguay ($534M), and Portugal ($1.26B).

In 2023, countries that imported more from India than Nigeria included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

Comparative Advantage Nigeria - India

Flow
Scale

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

During 2023, Nigeria had a large net trade with India in the exports of Mineral Products ($3.22B), Vegetable Products ($276M), and Chemical Products ($57.7M).

During 2018, India had a large net trade with Nigeria in the exports of Mineral Products ($1.37B), Chemical Products ($794M), and Machines ($694M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria India+$3.77BCrude Petroleum
Top Product Potential India Nigeria+$975MRefined Petroleum

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

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

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