Nigeria (NGA) and Belize (BLZ) Trade | The Observatory of Economic Complexity

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Nigeria-Belize Trade: In 2018, Nigeria exported $71.1k to Belize. The main products that Nigeria exported to Belize were N/A. Over the past 9 years the exports of Nigeria to Belize have decreased at an annualized rate of 63.1%, from $557M in 2009 to $71.1k in 2018.

In 2018, Nigeria did not export any services to Belize.

Belize-Nigeria Trade: In 2018, Belize exported $2.56k to Nigeria. The main products that Belize exported to Nigeria were Weapons Parts and Accessories ($1k), Engine Parts ($824), and Computers ($600). Over the past 9 years the exports of Belize to Nigeria have decreased at an annualized rate of 14.4%, from $5.56k in 2009 to $2.56k in 2018.

In 2018, Belize 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, Belize ranked 175 in total exports ($399M), 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 2018, Nigeria exported $71.1k to Belize. There were not main exports from Nigeria to Belize in 2018. During the last 9 years the exports of Nigeria to Belize have decreased at an annualized rate of 63.1%, from $557M in 2009 to $71.1k in 2018.

In 2017, Belize exported $2.56k to Nigeria. The main products exported from Belize to Nigeria were Weapons Parts and Accessories ($1k), Engine Parts ($824), and Computers ($600). During the last 5 years the exports of Belize to Nigeria have decreased at an annualized rate of 14.4%, from $5.56k in 2022 to $2.56k in 2017.

Exports from Nigeria () to Belize () (2022)

Exports from Belize () to Nigeria () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationSpain$9.41B

Belize
Top DestinationUnited States$86.5M

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

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

In 2022, countries that imported more from Belize than Nigeria included Guatemala ($39.2M), Honduras ($19.9M), and Trinidad and Tobago ($14.7M).

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

Comparative Advantage Nigeria - Belize

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, Nigeria had a large net trade with Belize in the exports of .

During 2017, Belize had a large net trade with Nigeria in the exports of Machines ($1.42k), Weapons ($1k), and Animal Hides ($137).

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 Belize. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Belize. Similarly, a dot/product with the flag of Belize indicates it has a comparative advantage over Nigeria.

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Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Belize () (2022)

Exports from Belize () to Nigeria () (2022)

Market Competitiveness

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

Comparative Advantage Nigeria - Belize

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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