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Pricing

2022
Flag → Flag
Exports $1.49kRnk 28 / 60
2022
Flag → Flag
Top Product $973Brochures
2022
Flag → Flag
Exports $123kRnk 42 / 0
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 119 / 124
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

British Indian Ocean Territory-Nigeria In 2022, British Indian Ocean Territory exported $1.49k to Nigeria. The main products that British Indian Ocean Territory exported to Nigeria are Brochures ($973) and Iron Pipes ($517). During the last 23 years the exports of British Indian Ocean Territory to Nigeria have decreased at an annualized rate of 14.8%, from $60k in 1999 to $1.49k in 2022.

In 2022, British Indian Ocean Territory did not export any services to Nigeria.

Nigeria-British Indian Ocean Territory In 2022, Nigeria exported $123k to British Indian Ocean Territory. The main products that Nigeria exported to British Indian Ocean Territory were N/A. During the last 23 years the exports of Nigeria to British Indian Ocean Territory have increased at an annualized rate of 49.4%, from $12 in 1999 to $123k in 2022.

In 2022, Nigeria did not export any services to British Indian Ocean Territory.

Comparison In 2022,  British Indian Ocean Territory ranked 221 in total exports ($5.8M), and does not have data regarding Economic Complexity Index. 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, British Indian Ocean Territory exported $1.49k to Nigeria. The main products exported from British Indian Ocean Territory to Nigeria were Brochures ($973) and Iron Pipes ($517). During the last 23 years the exports of British Indian Ocean Territory to Nigeria have decreased at an annualized rate of 14.8%, from $60k in 1999 to $1.49k in 2022.

In 2011, Nigeria exported $123k to British Indian Ocean Territory. There were not main exports from Nigeria to British Indian Ocean Territory in 2011. During the last 4 years the exports of Nigeria to British Indian Ocean Territory have increased at an annualized rate of 49.4%, from $12 in 2007 to $123k in 2011.

Exports from British Indian Ocean Territory (Flag) to Nigeria (Flag) (2022)

Exports from Nigeria (Flag) to British Indian Ocean Territory (Flag) (2022)

Market Competitiveness

Color
British Indian Ocean Territory
Top DestinationSingapore$4.42M
Nigeria
Top DestinationSpain$9.41B

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

In 2021, countries that imported more from British Indian Ocean Territory than Nigeria were Uzbekistan ($280k).

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

Difference in imports from Nigeria (Flag) and British Indian Ocean Territory (Flag) (2022)

Comparative Advantage British Indian Ocean Territory - Nigeria

Flow
Scale

This chart compares trade between British Indian Ocean Territory and Nigeria by product, considering products traded by both, British Indian Ocean Territory and Nigeria.

During 2022, British Indian Ocean Territory had a large net trade with Nigeria in the exports of Paper Goods ($973) and Metals ($517).

During 2011, Nigeria had a large net trade with British Indian Ocean Territory in the exports of .

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 British Indian Ocean Territory has comparative advantage over Nigeria. Similarly, the more yellow a dot/product is, the more Nigeria has comparative advantage over British Indian Ocean Territory.

Product Space of British Indian Ocean Territory (Flag) and Nigeria (Flag) (2022)

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