2022
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GDP
$579BCURRENT US$
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2012-2022
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GDP GROWTH
16.6%CURRENT US$
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2022
Flag
 GDP
$477BCURRENT US$
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2012-2022
Flag
GDP GROWTH
2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC 
$49,583CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
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2022
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GDP PC
$2,184CURRENT US$
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2012-2022
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GDP PC GROWTH
-19.9%CURRENT US$
Rnk 173 / 186

About

Belgium-Nigeria In 2022, Belgium exported $7.72B to Nigeria. The main products that Belgium exported to Nigeria are Refined Petroleum ($6.83B), Vaccines, blood, antisera, toxins and cultures ($515M), and Malt ($32M). During the last 23 years the exports of Belgium to Nigeria have increased at an annualized rate of 17.8%, from $178M in 1999 to $7.72B in 2022.

In 2020, Belgium exported services to Nigeria worth $32M, with Transportation ($13.7M), Other business services ($12.6M), and Financial services ($3.43M) being the largest in terms of value.

Nigeria-Belgium In 2022, Nigeria exported $719M to Belgium. The main products that Nigeria exported to Belgium were Petroleum Gas ($236M), Refined Petroleum ($183M), and Crude Petroleum ($148M). During the last 23 years the exports of Nigeria to Belgium have increased at an annualized rate of 14.5%, from $32M in 1999 to $719M in 2022.

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

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B). That same year, Nigeria ranked 119 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $7.72B to Nigeria. The main products exported from Belgium to Nigeria were Refined Petroleum ($6.83B), Vaccines, blood, antisera, toxins and cultures ($515M), and Malt ($32M). During the last 23 years the exports of Belgium to Nigeria have increased at an annualized rate of 17.8%, from $178M in 1999 to $7.72B in 2022.

In 2022, Nigeria exported $719M to Belgium. The main products exported from Nigeria to Belgium were Petroleum Gas ($236M), Refined Petroleum ($183M), and Crude Petroleum ($148M). During the last 23 years the exports of Nigeria to Belgium have increased at an annualized rate of 14.5%, from $32M in 1999 to $719M in 2022.

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

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

Market Competitiveness

Color
Belgium
Top Destination
Germany$91.9B
Nigeria
Top Destination
Spain$9.41B

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

In 2021, countries that imported more from Belgium than Nigeria were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2021, countries that imported more from Nigeria than Belgium were Indonesia ($3.83B), Cote d'Ivoire ($1.97B), and Gibraltar ($1.15B).

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

Comparative Advantage Belgium - Nigeria

Flow
Scale

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

During 2022, Belgium had a large net trade with Nigeria in the exports of Mineral Products ($6.83B), Chemical Products ($581M), and Machines ($79.3M).

During 2022, Nigeria had a large net trade with Belgium in the exports of Mineral Products ($623M), Transportation ($46.9M), and Animal Products ($13.9M).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Nigeria worth $32M, with Transportation ($13.7M), Other business services ($12.6M), and Financial services ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Belgium (Flag) to Nigeria (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Nigeria. Similarly, the more yellow a dot/product is, the more Nigeria has comparative advantage over Belgium.

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

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