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2022
Flag → Flag
Exports $501MRnk 28 / 166
2022
Flag → Flag
Top Product $420MCrude Petroleum
2022
Flag → Flag
Exports $28.2MRnk 28 / 160
2022
Flag → Flag
Top Product $12.7MBeauty Products
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 85 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
Flag
GDP GROWTH56.8%CURRENT US$
Rnk 44 / 186
2022
Flag
GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$1,599CURRENT US$
Rnk 154 / 186
2012-2022
Flag
GDP PC GROWTH19.8%CURRENT US$
Rnk 90 / 186

About

Nigeria-Senegal Trade: In 2022, Nigeria exported $501M to Senegal. The main products that Nigeria exported to Senegal were Crude Petroleum ($420M), Nitrogenous Fertilizers ($38M), and Raw Sugar ($30.9M). Over the past 5 years the exports of Nigeria to Senegal have decreased at an annualized rate of 0.81%, from $522M in 2017 to $501M in 2022.

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

Senegal-Nigeria Trade: In 2022, Senegal exported $28.2M to Nigeria. The main products that Senegal exported to Nigeria were Beauty Products ($12.7M), Soups and Broths ($7.6M), and Sauces and Seasonings ($1.88M). Over the past 5 years the exports of Senegal to Nigeria have increased at an annualized rate of 5.14%,  from $21.9M in 2017 to $28.2M in 2022.

In 2022, Senegal 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, Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $501M to Senegal. The main products exported from Nigeria to Senegal were Crude Petroleum ($420M), Nitrogenous Fertilizers ($38M), and Raw Sugar ($30.9M). During the last 5 years the exports of Nigeria to Senegal have decreased at an annualized rate of 0.81%, from $522M in 2017 to $501M in 2022.

In 2017, Senegal exported $28.2M to Nigeria. The main products exported from Senegal to Nigeria were Beauty Products ($12.7M), Soups and Broths ($7.6M), and Sauces and Seasonings ($1.88M). During the last 5 years the exports of Senegal to Nigeria have increased at an annualized rate of 5.14%, from $21.9M in 2022 to $28.2M in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Senegal (Flag)

Nigeria Exports

Senegal Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Senegal
Top DestinationMali$1.13B

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

In 2022, countries that imported more from Nigeria than Senegal included Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2022, countries that imported more from Senegal than Nigeria included Mali ($1.13B), Gambia ($177M), and Guinea ($182M).

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

Comparative Advantage Nigeria - Senegal

Flow
Scale

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

During 2022, Nigeria had a large net trade with Senegal in the exports of Mineral Products ($420M), Chemical Products ($38.4M), and Foodstuffs ($34.9M).

During 2017, Senegal had a large net trade with Nigeria in the exports of Chemical Products ($14.2M), Foodstuffs ($9.53M), and Mineral Products ($2.25M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Senegal+$12.1MNitrogenous Fertilizers
Top Product Potential Senegal Nigeria+$6.63MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Nigeria and Senegal. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Senegal. Similarly, a dot/product with the flag of Senegal indicates it has a comparative advantage over Nigeria.

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

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