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Trade between the Netherlands and Nigeria

In 2024, the Netherlands exported $1.7 billion to Nigeria and imported $3.3 billion. The Netherlands ran a deficit of $1.6 billion with Nigeria, compared with a surplus of $972 million in 2019. Nigeria was the Netherlands’ 38th largest trading partner (0.4% of its trade), and the Netherlands was Nigeria’s 7th (4%).

Summary

Netherlands → Nigeria
$1.7billion
Nigeria → Netherlands
$3.3billion
The Netherlands’ balance
-$1.6billion

Balance

The Netherlands’ trade balance with Nigeria

Trade between the Netherlands and Nigeria grew 7.3-fold since 1995

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

  • Exports 1.7
  • Imports 3.3
  • Balance -1.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$271 million$407 million-$136 million
1996$396 million$586 million-$190 million
1997$350 million$619 million-$269 million
1998$386 million$124 million$263 million
1999$331 million$109 million$222 million
2000$372 million$308 million$64 million
2001$550 million$355 million$195 million
2002$487 million$231 million$256 million
2003$668 million$763 million-$95 million
2004$1 billion$188 million$854 million
2005$1.3 billion$951 million$367 million
2006$1.7 billion$1.2 billion$549 million
2007$3 billion$1.2 billion$1.8 billion
2008$4.3 billion$1.5 billion$2.9 billion
2009$1.9 billion$1.6 billion$235 million
2010$4.4 billion$2.6 billion$1.8 billion
2011$5.9 billion$4.2 billion$1.7 billion
2012$1.9 billion$5.1 billion-$3.2 billion
2013$3 billion$4.7 billion-$1.7 billion
2014$3.2 billion$5.3 billion-$2 billion
2015$3.3 billion$3.5 billion-$183 million
2016$3.5 billion$1.4 billion$2.1 billion
2017$2.8 billion$2.3 billion$571 million
2018$4.9 billion$4 billion$858 million
2019$4.5 billion$3.5 billion$972 million
2020$4.4 billion$2.2 billion$2.2 billion
2021$4.7 billion$2.6 billion$2.1 billion
2022$6.1 billion$4.2 billion$1.9 billion
2023$2.9 billion$4.5 billion-$1.5 billion
2024$1.7 billion$3.3 billion-$1.6 billion

What they sell each other

What the Netherlands sells to Nigeria

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

  1. Refined petroleum$1 billion · 62.3%
    1.3 million tonnes · the Netherlands’ destinations
  2. Frozen fish$157 million · 9.5%
    216 thousand tonnes
  3. Powdered and condensed milk$27 million · 1.6%
    9 thousand tonnes · the Netherlands’ destinations
  4. Malt extract and food mixes$24 million · 1.5%
    6 thousand tonnes
  5. Fruit and vegetable juices$21 million · 1.3%
    4 thousand tonnes
  6. Fragrance mixtures$17 million · 1%
    1 thousand tonnes
  7. Cameras and broadcast equipment$16 million · 0.95%
    66 tonnes
  8. Other food preparations$15 million · 0.88%
    2 thousand tonnes
  9. Coated flat steel$13 million · 0.76%
    8 thousand tonnes
  10. Air pumps, compressors and fans$12 million · 0.73%
    236 tonnes

What Nigeria sells to the Netherlands

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

  1. Crude petroleum$1.8 billion · 54%
    3.2 million tonnes · Nigeria’s destinations
  2. Cocoa beans$780 million · 23.9%
    144 thousand tonnes · Nigeria’s destinations
  3. Natural gas and LPG$556 million · 17%
    222 thousand tonnes
  4. Refined petroleum$73 million · 2.2%
    103 thousand tonnes · Nigeria’s destinations
  5. Cocoa paste$16 million · 0.49%
    4 thousand tonnes
  6. Cocoa butter$12 million · 0.38%
    2 thousand tonnes
  7. Crustaceans (shrimp, lobster, crab)$12 million · 0.38%
    1 thousand tonnes
  8. Chocolate$11 million · 0.34%
    2 thousand tonnes · the Netherlands’ sources
  9. Ferrous scrap$7 million · 0.22%
    5 thousand tonnes · the Netherlands’ sources
  10. Cranes$7 million · 0.21%
    1 thousand tonnes

How it travels

Estimated sea route from Rotterdam to Lagos.

The estimated sea route between Rotterdam and Lagos is 4,324 nautical miles (8,009 km) long: ≈ 10–13 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Dover.

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$4.5 billion · 90.9%
  2. Air$446 million · 9.1%

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

How much each matters to the other

Nigeria was the Netherlands’ 38th largest trading partner (0.4% of its trade), and the Netherlands was Nigeria’s 7th (4%).

Nigeria in the Netherlands’ trade
0.4%
Nigeria’s rank among the Netherlands’ partners
38th
The Netherlands in Nigeria’s trade
4.4%
The Netherlands’ rank among Nigeria’s partners
7th

Compare with

Other partners of the Netherlands

Other partners of Nigeria

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.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.