2022
Flag  
GDP
$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH
2.89%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

Nigeria-British Indian Ocean Territory In 2011, Nigeria exported $123k to British Indian Ocean Territory. The main products that Nigeria exported to British Indian Ocean Territory are N/A. During the last 4 years the exports of Nigeria to British Indian Ocean Territory have increased at an annualized rate of 906%, from $12 in 2007 to $123k in 2011.

In 2011, Nigeria did not export any services to British Indian Ocean Territory.

British Indian Ocean Territory-Nigeria In 2011, British Indian Ocean Territory exported $1.49k to Nigeria. The main products that British Indian Ocean Territory exported to Nigeria were Brochures ($973) and Iron Pipes ($517). During the last 4 years the exports of British Indian Ocean Territory to Nigeria have decreased at an annualized rate of 60.3%, from $60k in 2007 to $1.49k in 2011.

In 2011, British Indian Ocean Territory 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, British Indian Ocean Territory ranked 221 in total exports ($5.8M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

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 906%, from $12 in 2007 to $123k in 2011.

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 60.3%, from $60k in 1999 to $1.49k in 2022.

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

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

Market Competitiveness

Color
Nigeria
Top Destination
Spain$9.41B

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

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

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

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

Comparative Advantage Nigeria - British Indian Ocean Territory

Flow
Scale

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

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

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

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

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

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