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Pricing

2022
Flag → Flag
Exports $455kRnk 122 / 166
2022
Flag → Flag
Top Product $194kSoybeans
2022
Flag → Flag
Exports $5.34MRnk 100 / 194
2022
Flag → Flag
Top Product $2.16MTea
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 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$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Nigeria-Sri Lanka Trade: In 2022, Nigeria exported $455k to Sri Lanka. The main products that Nigeria exported to Sri Lanka were Soybeans ($194k), Soybean Meal ($165k), and Rolled Tobacco ($35k). Over the past 5 years the exports of Nigeria to Sri Lanka have decreased at an annualized rate of 28%, from $2.35M in 2017 to $455k in 2022.

In 2022, Nigeria did not export any services to Sri Lanka.

Sri Lanka-Nigeria Trade: In 2022, Sri Lanka exported $5.34M to Nigeria. The main products that Sri Lanka exported to Nigeria were Tea ($2.16M), Cereal Flours ($655k), and Used Rubber Tires ($508k). Over the past 5 years the exports of Sri Lanka to Nigeria have increased at an annualized rate of 1.99%,  from $4.75M in 2017 to $5.34M in 2022.

In 2022, Sri Lanka 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, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $455k to Sri Lanka. The main products exported from Nigeria to Sri Lanka were Soybeans ($194k), Soybean Meal ($165k), and Rolled Tobacco ($35k). During the last 5 years the exports of Nigeria to Sri Lanka have decreased at an annualized rate of 28%, from $2.35M in 2017 to $455k in 2022.

In 2017, Sri Lanka exported $5.34M to Nigeria. The main products exported from Sri Lanka to Nigeria were Tea ($2.16M), Cereal Flours ($655k), and Used Rubber Tires ($508k). During the last 5 years the exports of Sri Lanka to Nigeria have increased at an annualized rate of 1.99%, from $4.75M in 2022 to $5.34M in 2017.

Exports from Nigeria (Flag) to Sri Lanka (Flag) (2022)

Exports from Sri Lanka (Flag) to Nigeria (Flag) (2022)

Latest Data

Trade between Nigeria (Flag) and Sri Lanka (Flag)

Nigeria Exports

Sri Lanka Exports

Date

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Sri Lanka
Top DestinationUnited States$3.52B

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

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

In 2022, countries that imported more from Sri Lanka than Nigeria included Hong Kong ($199M), Iraq ($164M), and Russia ($146M).

Difference in imports from Sri Lanka (Flag) and Nigeria (Flag) (2022)

Comparative Advantage Nigeria - Sri Lanka

Flow
Scale

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

During 2022, Nigeria had a large net trade with Sri Lanka in the exports of Vegetable Products ($241k), Foodstuffs ($200k), and Precious Metals ($12.2k).

During 2017, Sri Lanka had a large net trade with Nigeria in the exports of Vegetable Products ($3.23M), Plastics and Rubbers ($1.07M), and Textiles ($247k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Sri Lanka+$417kSoybean Meal
Top Product Potential Sri Lanka Nigeria+$666kRubber Tires

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

Product Space of Nigeria (Flag) and Sri Lanka (Flag) (2022)

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