Nigeria (NGA) and Bahamas (BHS) Trade | The Observatory of Economic Complexity

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Nigeria-Bahamas Trade: In 2022, Nigeria exported $3.4k to Bahamas. The main products that Nigeria exported to Bahamas were Bananas ($981), Beauty Products ($569), and Fish: dried, salted, smoked or in brine ($346). Over the past 6 years the exports of Nigeria to Bahamas have increased at an annualized rate of 76.6%, from $112 in 2016 to $3.4k in 2022.

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

Bahamas-Nigeria Trade: In 2022, Bahamas exported $716k to Nigeria. The main products that Bahamas exported to Nigeria were Cars ($389k), Delivery Trucks ($126k), and Buses ($70.7k). Over the past 6 years the exports of Bahamas to Nigeria have increased at an annualized rate of 135%, from $9.89k in 2016 to $716k in 2022.

In 2022, Bahamas 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, Bahamas ranked 139 in total exports ($2.83B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nigeria exported $3.4k to Bahamas. The main products exported from Nigeria to Bahamas were Bananas ($981), Beauty Products ($569), and Fish: dried, salted, smoked or in brine ($346). During the last 6 years the exports of Nigeria to Bahamas have increased at an annualized rate of 76.6%, from $112 in 2016 to $3.4k in 2022.

In 2017, Bahamas exported $716k to Nigeria. The main products exported from Bahamas to Nigeria were Cars ($389k), Delivery Trucks ($126k), and Buses ($70.7k). During the last 5 years the exports of Bahamas to Nigeria have increased at an annualized rate of 135%, from $9.89k in 2022 to $716k in 2017.

Exports from Nigeria () to Bahamas () (2022)

Exports from Bahamas () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Bahamas ()

Nigeria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationSpain$9.41B

Bahamas
Top DestinationUnited States$1.4B

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

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

In 2022, countries that imported more from Bahamas than Nigeria included Guatemala ($42.2M), Barbados ($30M), and Seychelles ($20.5M).

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

Comparative Advantage Nigeria - Bahamas

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nigeria had a large net trade with Bahamas in the exports of Vegetable Products ($1.58k), Chemical Products ($756), and Foodstuffs ($419).

During 2017, Bahamas had a large net trade with Nigeria in the exports of Transportation ($641k), Machines ($72.4k), and Instruments ($2.42k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Bahamas () (2022)

Exports from Bahamas () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Bahamas ()

Nigeria Exports

Market Competitiveness

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

Comparative Advantage Nigeria - Bahamas

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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