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Pricing

2022
Flag → Flag
Exports $1.18kRnk 163 / 166
2022
Flag → Flag
Top Product $220Non-Knit Women's Suits
2022
Flag → Flag
Exports $4.4kRnk 66 / 107
2022
Flag → Flag
Top Product $3.23kLow-voltage Protection Equipment
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$2.55BCURRENT US$
Rnk 163 / 186
2012-2022
Flag
GDP GROWTH3.06%CURRENT US$
Rnk 158 / 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$1,107CURRENT US$
Rnk 164 / 186
2012-2022
Flag
GDP PC GROWTH-8.17%CURRENT US$
Rnk 160 / 186

About

Nigeria-Lesotho Trade: In 2022, Nigeria exported $1.18k to Lesotho. The main products that Nigeria exported to Lesotho were Non-Knit Women's Suits ($220), Brochures ($166), and Knit Women's Suits ($165). Over the past 6 years the exports of Nigeria to Lesotho have decreased at an annualized rate of 36%, from $17.3k in 2016 to $1.18k in 2022.

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

Lesotho-Nigeria Trade: In 2022, Lesotho exported $4.4k to Nigeria. The main products that Lesotho exported to Nigeria were Low-voltage Protection Equipment ($3.23k), Other Knit Garments ($871), and Brochures ($123). Over the past 6 years the exports of Lesotho to Nigeria have decreased at an annualized rate of 37.5%,  from $74.1k in 2016 to $4.4k in 2022.

In 2022, Lesotho 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, Lesotho ranked 158 in total exports ($1.16B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $1.18k to Lesotho. The main products exported from Nigeria to Lesotho were Non-Knit Women's Suits ($220), Brochures ($166), and Knit Women's Suits ($165). During the last 6 years the exports of Nigeria to Lesotho have decreased at an annualized rate of 36%, from $17.3k in 2016 to $1.18k in 2022.

In 2017, Lesotho exported $4.4k to Nigeria. The main products exported from Lesotho to Nigeria were Low-voltage Protection Equipment ($3.23k), Other Knit Garments ($871), and Brochures ($123). During the last 5 years the exports of Lesotho to Nigeria have decreased at an annualized rate of 37.5%, from $74.1k in 2022 to $4.4k in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Lesotho (Flag)

Lesotho Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Lesotho
Top DestinationSouth Africa$434M

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

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

In 2022, countries that imported more from Lesotho than Nigeria included Eswatini ($11.3M), Botswana ($3.11M), and New Zealand ($1.62M).

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

Comparative Advantage Nigeria - Lesotho

Flow
Scale

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

During 2022, Nigeria had a large net trade with Lesotho in the exports of Textiles ($811), Paper Goods ($171), and Vegetable Products ($77).

During 2017, Lesotho had a large net trade with Nigeria in the exports of Machines ($3.23k), Textiles ($871), and Paper Goods ($123).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Lesotho+$2.99kRefined Petroleum
Top Product Potential Lesotho Nigeria+$25.3kLow-voltage Protection Equipment

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

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

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