Trade route overview

Nigeria exports to Belgium
route risk review

See the latest reported exports, the products that need a closer look, and the conditions that may make this route harder to plan.

NGA-BEL2024 reported exports20 product typesHigh attention review level
Latest reported exports$324.9M2024 route total
Highest-priority products2Need the closest review
Products needing review4High-attention product types
Exports needing review61.6%Share of route exports
Overall review levelHigh attentionBased on available indicators

What this page shows

What should a business review on this route?

In 2024, Nigeria reported $324.9M in goods exports to Belgium. 4 product types are marked for closer review, covering 61.6% of reported exports. This is not a forecast and does not mean trade will stop. It shows where to look more closely at demand, annual changes, product mix, tariffs, and buyer-market conditions.

How to read this page

Three simple ideas explain the route

This page separates the size of the trade from the conditions worth checking and the product types that make up the route.

01 - Trade value

How much is traded?

This is the reported value of goods exported from Nigeria to Belgium in the latest available year.

$324.9M in 2024
02 - Review level

What does "high attention" mean?

It marks product types where one or more conditions deserve a closer look. It is not a prediction, a guaranteed loss, or a warning that trade will stop.

61.6% needs review
03 - Product code

What is a product type?

Each row is one HS6 product code. HS6 is the international six-digit code used to describe and compare traded goods.

20 product types

Start with the products

See the product rows behind the review level.

Compare the products, their buyer-market size, and the conditions that deserve a closer look.

Export history

How much was exported each year?

The latest twelve years of reported exports from Nigeria to Belgium. Bar lengths are relative to the highest year shown.

Latest annual total$333.5M2024 annual history
Highest year$2.3B2007 annual history
Latest below highest85.6%Difference from the highest year

Why this route needs review

What is behind the review signal?

A dollar amount can appear in more than one row. These rows show the conditions linked to the route; they are not separate losses.

What to reviewBar shows relative sizeExport value linked to it
Large year-to-year swings
$253.4M
Still below the previous high
$219.5M
Buyer demand is falling
$0.0
Product mix is concentrated
$62.9M
Tariffs and access rules
$0.0
Buyer economy is under pressure
$0.0

How to read the numbers

What do these measures tell us?

These measures describe yearly swings, the gap from the route's highest year, and how concentrated the product mix is.

Export volatility1.4Higher means bigger yearly swings
Below highest year62.9%Compared with the route's best year
Product concentration (HHI)2,702.90-10,000 scale; higher means fewer products dominate
Largest product share41.7%Share from the biggest product

Largest product

Cocoa beans: whole or broken, raw or roasted

Product code HS6 180100 makes up 41.7% of exports from Nigeria to Belgium. The main reason to review it is: Some product types remain below their previous high.

See product rows
Exports of this product$135.5M2024 reported value

Products to review

Which product types need a closer look?

Each row is one six-digit HS6 product code. Compare the buyer market's imports, the product's fall from its highest year, annual variation, and review level.

Top product types10 shown - 2024 values
Top product types for Nigeria exports to Belgium
RankProduct and codeBuyer-market importsBelow product highYearly variationReview level
1Cocoa beans: whole or broken, raw or roastedHS6 180100 - six-digit product code$1.2B61.8%1.4High attention
2Product 271012HS6 271012 - six-digit product code$7.8B49.2%1.4Watch
3Petroleum gases and other gaseous hydrocarbons: in gaseous state, other than natural gasHS6 271129 - six-digit product code$43.8M86.2%0.8Critical attention
4Oils: petroleum oils and oils obtained from bituminous minerals, crudeHS6 270900 - six-digit product code$17.0B99.2%2.8Critical attention
5Waste and scrap of precious metals: of platinum, including metal clad with platinum but excluding sweepings containing other precious metalsHS6 711292 - six-digit product code$963.2M86.3%0.8Watch
6Petroleum gases and other gaseous hydrocarbons: liquefied, natural gasHS6 271111 - six-digit product code$2.7B78.2%0.8High attention
7Crustaceans: frozen, shrimps and prawns, excluding cold-water varieties, in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in waterHS6 030617 - six-digit product code$333.2M36.1%0.5Stable
8Fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solutionHS6 310210 - six-digit product code$151.4M74%1.7High attention
9Copper: waste and scrapHS6 740400 - six-digit product code$1.8B55.7%0.5Watch
10Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuitsHS6 854231 - six-digit product code$913.0M70.5%2High attention

Buyer-market imports are total imports of that product into the buyer market, not only exports from Nigeria. "Below product high" compares current exports with that product's highest reported year. Yearly variation is a calculated measure. Swipe sideways on a small screen to see every column.

Trade route conditions

What else can affect this route?

Distance, tariffs, trade agreements, the buyer economy, and business rules add context to the export total.

Distance between markets4,941 kmApproximate route distance
Trade agreement (FTA)NoReported agreement coverage
Average import tariff1.6%Average tax applied to imports
Buyer economy size$599.9B2024 gross domestic product
Buyer GDP per person$51.8KCurrent-dollar measure
Buyer economy outlookResilientAvailable buyer-economy context
Shared land borderNoDo the markets share a border?
Shared official languageNoReported common official language
Similar legal systemNoReported legal similarity
Shared religionNoReported cultural similarity
Language similarityNot reportedCommon spoken-language score
Business setup time5 daysDays to register a business

Questions about this page

Simple answers about this route

Definitions and limits for the figures above.

What does "high attention" mean?

High attention means one or more conditions on these product types deserve a closer look. It is not a prediction that trade will stop or that a loss is certain.

How much did Nigeria export to Belgium?

Nigeria reported $324.9M in goods exports to Belgium in 2024.

What does "exports needing review" mean?

61.6% of reported route exports are linked to product types marked for closer review. This points to where to investigate further.

What is an HS6 code?

An HS6 code is the international six-digit code used to describe and compare traded goods.

What conditions are shown?

The page shows yearly export changes, product concentration, tariffs, distance, trade-agreement coverage, buyer-economy context, and business setup time where reported.

Is this a forecast?

No. These are reported or calculated observations, not forecasts or guarantees.

Continue your research

Compare this route with products and markets.

Use the workspace to investigate which products, buyer conditions, and routes deserve attention.

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.