Nigeria (NGA) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Nigeria-Belgium In 2022, Nigeria exported $719M to Belgium. The main products that Nigeria exported to Belgium are 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.

Belgium-Nigeria In 2022, Belgium exported $7.72B to Nigeria. The main products that Belgium exported 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 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.

Comparison In 2022, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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.

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.

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

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

Latest Data

Trade between Nigeria () and Belgium ()

Nigeria Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationSpain$9.41B

Belgium
Top DestinationGermany$91.9B

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

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

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

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

Comparative Advantage Nigeria - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

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).

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).

Service Trade

Bilateral Service Trade

Bel Year

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 () to Nigeria () (2020)

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Nigeria () and Belgium ()

Nigeria Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage Nigeria - Belgium

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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