2022
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GDP
$477BCURRENT US$
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2012-2022
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GDP GROWTH
2.89%CURRENT US$
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2022
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 GDP
$17.4BCURRENT US$
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2012-2022
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GDP GROWTH
56.2%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$
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2022
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GDP PC
$1,303CURRENT US$
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2012-2022
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GDP PC GROWTH
17.1%CURRENT US$
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About

Nigeria-Benin In 2022, Nigeria exported $195M to Benin. The main products that Nigeria exported to Benin are Electricity ($63.7M), Refined Petroleum ($60.9M), and Nitrogenous Fertilizers ($20.1M). During the last 26 years the exports of Nigeria to Benin have increased at an annualized rate of 8.22%, from $25M in 1996 to $195M in 2022.

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

Benin-Nigeria In 2022, Benin exported $15.4M to Nigeria. The main products that Benin exported to Nigeria were Seed Oils ($8.47M), Soap ($1.7M), and Other Oily Seeds ($1.52M). During the last 26 years the exports of Benin to Nigeria have decreased at an annualized rate of 1.37%, from $22.1M in 1996 to $15.4M in 2022.

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

Comparison In 2022,  Nigeria ranked 119 in the Economic Complexity Index (ECI -1.67),  and 51 in total exports ($70.7B). That same year, Benin ranked 149 in total exports ($1.67B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $195M to Benin. The main products exported from Nigeria to Benin were Electricity ($63.7M), Refined Petroleum ($60.9M), and Nitrogenous Fertilizers ($20.1M). During the last 26 years the exports of Nigeria to Benin have increased at an annualized rate of 8.22%, from $25M in 1996 to $195M in 2022.

In 2022, Benin exported $15.4M to Nigeria. The main products exported from Benin to Nigeria were Seed Oils ($8.47M), Soap ($1.7M), and Other Oily Seeds ($1.52M). During the last 26 years the exports of Benin to Nigeria have decreased at an annualized rate of 1.37%, from $22.1M in 1996 to $15.4M in 2022.

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

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

Latest Data

Trade between Nigeria (Flag) and Benin (Flag)

Nigeria Exports

Benin Exports

Market Competitiveness

Color
Nigeria
Top Destination
Spain$9.41B
Benin
Top Destination
India$448M

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

In 2021, countries that imported more from Nigeria than Benin were Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2021, countries that imported more from Benin than Nigeria were Bangladesh ($406M), Egypt ($41.7M), and Chad ($28M).

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

Comparative Advantage Nigeria - Benin

Flow
Scale

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

During 2022, Nigeria had a large net trade with Benin in the exports of Mineral Products ($128M), Chemical Products ($24.3M), and Metals ($23.2M).

During 2022, Benin had a large net trade with Nigeria in the exports of Animal and Vegetable Bi-Products ($9.92M), Vegetable Products ($1.92M), and Chemical Products ($1.74M).

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 Nigeria has comparative advantage over Benin. Similarly, the more yellow a dot/product is, the more Benin has comparative advantage over Nigeria.

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

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