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2022
Flag → Flag
Exports $8.2BRnk 2 / 166
2022
Flag → Flag
Top Product $7.35BCrude Petroleum
2022
Flag → Flag
Exports $5.43BRnk 27 / 217
2022
Flag → Flag
Top Product $2.37BRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 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$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

Nigeria-India Trade: In 2022, Nigeria exported $8.2B to India. The main products that Nigeria exported to India were Crude Petroleum ($7.35B), Petroleum Gas ($443M), and Nitrogenous Fertilizers ($175M). Over the past 5 years the exports of Nigeria to India have decreased at an annualized rate of 0.3%, from $8.32B in 2017 to $8.2B in 2022.

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

India-Nigeria Trade: In 2022, India exported $5.43B to Nigeria. The main products that India exported to Nigeria were Refined Petroleum ($2.37B), Packaged Medicaments ($409M), and Motorcycles and cycles ($345M). Over the past 5 years the exports of India to Nigeria have increased at an annualized rate of 20.3%,  from $2.15B in 2017 to $5.43B in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $8.2B to India. The main products exported from Nigeria to India were Crude Petroleum ($7.35B), Petroleum Gas ($443M), and Nitrogenous Fertilizers ($175M). During the last 5 years the exports of Nigeria to India have decreased at an annualized rate of 0.3%, from $8.32B in 2017 to $8.2B in 2022.

In 2017, India exported $5.43B to Nigeria. The main products exported from India to Nigeria were Refined Petroleum ($2.37B), Packaged Medicaments ($409M), and Motorcycles and cycles ($345M). During the last 5 years the exports of India to Nigeria have increased at an annualized rate of 20.3%, from $2.15B in 2022 to $5.43B in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and India (Flag)

Nigeria Exports

India Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
India
Top DestinationUnited States$82.9B

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 2022, countries that imported more from Nigeria than India included Spain ($9.41B), Cote d'Ivoire ($1.97B), and Portugal ($1.93B).

In 2022, countries that imported more from India than Nigeria included United States ($82.9B), United Arab Emirates ($31.6B), and China ($15.3B).

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

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 2022, Nigeria had a large net trade with India in the exports of Mineral Products ($7.8B), Chemical Products ($178M), and Vegetable Products ($143M).

During 2017, India had a large net trade with Nigeria in the exports of Mineral Products ($2.4B), Chemical Products ($762M), and Machines ($672M).

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) (2022)

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