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Trade between Indonesia and Nigeria

In 2024, Indonesia exported $514 million to Nigeria and imported $2.6 billion. Indonesia ran a deficit of $2.1 billion with Nigeria, compared with a deficit of $1.3 billion in 2019. Nigeria was Indonesia’s 27th largest trading partner (0.6% of its trade), and Indonesia was Nigeria’s 8th (3%).

Summary

Indonesia → Nigeria
$514million
Nigeria → Indonesia
$2.6billion
Indonesia’s balance
-$2.1billion

Balance

Indonesia’s trade balance with Nigeria

Trade between Indonesia and Nigeria grew 14-fold since 1995

USD billions (current). Indonesia’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 0.5
  • Imports 2.6
  • Balance -2.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$50 million$173 million-$122 million
1996$57 million$149 million-$92 million
1997$50 million$142 million-$92 million
1998$104 million$54 million$50 million
1999$170 million$188 million-$17 million
2000$199 million$388 million-$189 million
2001$267 million$390 million-$124 million
2002$287 million$1.1 billion-$844 million
2003$253 million$861 million-$608 million
2004$177 million$1.1 billion-$900 million
2005$169 million$953 million-$785 million
2006$181 million$5 million$176 million
2007$238 million$609 million-$372 million
2008$280 million$105 million$175 million
2009$207 million$450 million-$243 million
2010$317 million$816 million-$500 million
2011$466 million$1.6 billion-$1.2 billion
2012$379 million$2.8 billion-$2.4 billion
2013$601 million$3.2 billion-$2.6 billion
2014$856 million$3.2 billion-$2.3 billion
2015$558 million$1.3 billion-$738 million
2016$399 million$1.2 billion-$781 million
2017$464 million$1.2 billion-$716 million
2018$509 million$2.3 billion-$1.7 billion
2019$571 million$1.9 billion-$1.3 billion
2020$533 million$853 million-$320 million
2021$525 million$2 billion-$1.5 billion
2022$520 million$3.8 billion-$3.3 billion
2023$547 million$3.5 billion-$2.9 billion
2024$514 million$2.6 billion-$2.1 billion

What they sell each other

What Indonesia sells to Nigeria

The top 10 headings in 2024, with their share of the total.

  1. Palm oil$78 million · 15.1%
    80 thousand tonnes · Indonesia’s destinations
  2. Margarine$55 million · 10.8%
    67 thousand tonnes
  3. Hydrogenated fats and oils$30 million · 5.9%
    17 thousand tonnes
  4. Sauces and condiments$25 million · 4.8%
    6 thousand tonnes
  5. Seamless steel pipes$23 million · 4.5%
    4 thousand tonnes
  6. Vaccines, blood and antisera$23 million · 4.5%
    97 tonnes
  7. Writing and printing paper$22 million · 4.2%
    29 thousand tonnes
  8. Plastic packaging$20 million · 3.9%
    14 tonnes
  9. 9 thousand tonnes
  10. Motorcycles$15 million · 2.9%
    3 thousand tonnes · Indonesia’s destinations

What Nigeria sells to Indonesia

The top 10 headings in 2024, with their share of the total.

  1. Crude petroleum$2.5 billion · 94.9%
    4.8 million tonnes · Nigeria’s destinations
  2. Cocoa beans$85 million · 3.3%
    12 thousand tonnes · Nigeria’s destinations
  3. Natural gas and LPG$27 million · 1%
    158 tonnes
  4. Unwrought aluminum$15 million · 0.58%
    7 thousand tonnes
  5. Cocoa paste$6 million · 0.23%
    1 thousand tonnes
  6. Peanuts$301 thousand · 0.01%
    305 tonnes
  7. 419 tonnes
  8. Raw cotton$212 thousand · 0.01%
    768 tonnes
  9. 1 tonne
  10. Machine knives and blades$56 thousand · 0%

How it travels

Estimated sea route from Jakarta to Lagos.

The estimated sea route between Jakarta and Lagos is 8,143 nautical miles (15,081 km) long: ≈ 19–24 days at sea (at 18 and 14 knots).

Passages it crosses: Cape of Good Hope.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$3.1 billion · 97.9%
  2. Air$67 million · 2.1%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Nigeria was Indonesia’s 27th largest trading partner (0.6% of its trade), and Indonesia was Nigeria’s 8th (3%).

Nigeria in Indonesia’s trade
0.6%
Nigeria’s rank among Indonesia’s partners
27th
Indonesia in Nigeria’s trade
2.8%
Indonesia’s rank among Nigeria’s partners
8th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.