{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:47:53.821Z",
  "seo": {
    "title": "Nigeria exports to Belgium: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Nigeria to Belgium, the product routes that need a closer look, and the conditions that may affect planning."
  },
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "email": "support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "exporter": {
    "iso3": "NGA",
    "country_name": "Nigeria"
  },
  "importer": {
    "iso3": "BEL",
    "country_name": "Belgium"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "NGA",
    "importer_iso3": "BEL",
    "all_history_lane_count": 79,
    "current_lane_count": 20,
    "current_product_count": 20,
    "first_observed_last_year": 2000,
    "latest_data_year": 2024,
    "current_trade_usd": 324856999.0829526,
    "attention_trade_usd": 200155892.9144722,
    "critical_trade_usd": 43604620.87401647,
    "high_volatility_trade_usd": 253415644.25367388,
    "unrecovered_drawdown_trade_usd": 219538852.25064182,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 62858617.97705469,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 2,
    "high_attention_lane_count": 4,
    "high_volatility_lane_count": 9,
    "unrecovered_drawdown_lane_count": 12,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 6,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 1.3589189591155877,
    "trade_weighted_below_peak_pct": 62.90020957145006,
    "product_concentration_hhi": 2702.9425098055863,
    "top1_product_share_pct": 41.70681321181087,
    "top3_product_share_pct": 78.46692369134587,
    "top_product_hs6": "180100",
    "top_product_trade_usd": 135487501.81302118,
    "top_product_description": "Cocoa beans: whole or broken, raw or roasted",
    "top_attention_product_hs6": "180100",
    "top_attention_product_reason": "Current trade remains more than 50% below its historical peak",
    "distance_km": 4940.5087890625,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": null,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": 1.6492073756558465,
    "avg_mfn_tariff_pct": 5.920413126868689,
    "avg_preferential_tariff_pct": 1.4054732487986503,
    "tariff_advantage_pp": 4.514939878070038,
    "buyer_biz_entry_days": 5,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 599879.025378,
    "buyer_gdp_pc_latest": 51768,
    "buyer_population_latest": 11587.882,
    "buyer_gdp_5y_cagr_pct": 4.5783569491818055,
    "buyer_gdp_pc_5y_cagr_pct": 3.918136849252618,
    "buyer_population_5y_cagr_pct": 0.6353271141561478,
    "buyer_investment_5y_avg_pct": 23.874000000000002,
    "buyer_savings_5y_avg_pct": 24.938,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 61.6135387199591,
    "critical_trade_share_pct": 13.42271245412877,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_product_mix",
      "concentrated_buyer_markets"
    ],
    "attention_level": "High attention",
    "primary_risk_reason": "Volatile products account for the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 599879.025378,
    "buyer_gdp_pc_2024": 51768,
    "buyer_population_2024": 11587.882
  },
  "history": [
    {
      "year": 1999,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 26503349.004599176,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 2000,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 36679558.44336738,
      "yoy_growth_pct": 38.39593795109555,
      "cagr_3y_pct": null
    },
    {
      "year": 2001,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 35410999.10074493,
      "yoy_growth_pct": -3.4584913135775053,
      "cagr_3y_pct": null
    },
    {
      "year": 2002,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 61157155.353018425,
      "yoy_growth_pct": 72.70666433055224,
      "cagr_3y_pct": 32.14442341822574
    },
    {
      "year": 2003,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 65476836.30481353,
      "yoy_growth_pct": 7.06324701804808,
      "cagr_3y_pct": 21.307558712135123
    },
    {
      "year": 2004,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 45027354.68768008,
      "yoy_growth_pct": -31.231627505542903,
      "cagr_3y_pct": 8.337651697018366
    },
    {
      "year": 2005,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 700113014.6223743,
      "yoy_growth_pct": 1454.8615269062918,
      "cagr_3y_pct": 125.37563228643656
    },
    {
      "year": 2006,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 72417398.52632125,
      "yoy_growth_pct": -89.65632733375459,
      "cagr_3y_pct": 3.4153669851869184
    },
    {
      "year": 2007,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 2309576502.4760685,
      "yoy_growth_pct": 3089.2563796483473,
      "cagr_3y_pct": 271.551175532488
    },
    {
      "year": 2008,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 345652973.2170566,
      "yoy_growth_pct": -85.03392406155473,
      "cagr_3y_pct": -20.964164498888817
    },
    {
      "year": 2009,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 182613488.0174049,
      "yoy_growth_pct": -47.16854702050233,
      "cagr_3y_pct": 36.112071663343535
    },
    {
      "year": 2010,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 372375029.8039062,
      "yoy_growth_pct": 103.91430767064432,
      "cagr_3y_pct": -45.572790785883655
    },
    {
      "year": 2011,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 159296543.15816835,
      "yoy_growth_pct": -57.221475553273706,
      "cagr_3y_pct": -22.757672528171323
    },
    {
      "year": 2012,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 396849213.6189099,
      "yoy_growth_pct": 149.12606749091304,
      "cagr_3y_pct": 29.5281683038519
    },
    {
      "year": 2013,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 94355476.43325669,
      "yoy_growth_pct": -76.22384694357358,
      "cagr_3y_pct": -36.72062413909845
    },
    {
      "year": 2014,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 103113125.132809,
      "yoy_growth_pct": 9.28154785562143,
      "cagr_3y_pct": -13.49606452183666
    },
    {
      "year": 2015,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 64744261.19332203,
      "yoy_growth_pct": -37.21045588528922,
      "cagr_3y_pct": -45.35816798785671
    },
    {
      "year": 2016,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 58929224.45499848,
      "yoy_growth_pct": -8.981547755962872,
      "cagr_3y_pct": -14.521963424777784
    },
    {
      "year": 2017,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 104380662.46023124,
      "yoy_growth_pct": 77.1288582627486,
      "cagr_3y_pct": 0.4080885902874476
    },
    {
      "year": 2018,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 216046462.48483568,
      "yoy_growth_pct": 106.979393876858,
      "cagr_3y_pct": 49.433726478041365
    },
    {
      "year": 2019,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 227206353.5462696,
      "yoy_growth_pct": 5.165505110835689,
      "cagr_3y_pct": 56.80620662773623
    },
    {
      "year": 2020,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 348477840.1789116,
      "yoy_growth_pct": 53.375042000287024,
      "cagr_3y_pct": 49.45772680711398
    },
    {
      "year": 2021,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 420560690.8169479,
      "yoy_growth_pct": 20.685060089051355,
      "cagr_3y_pct": 24.861104580389704
    },
    {
      "year": 2022,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 402670654.1172083,
      "yoy_growth_pct": -4.253853745814384,
      "cagr_3y_pct": 21.01610466125412
    },
    {
      "year": 2023,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 279872682.63949865,
      "yoy_growth_pct": -30.495882980825794,
      "cagr_3y_pct": -7.047348765731842
    },
    {
      "year": 2024,
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "export_value_usd": 333521563.7638556,
      "yoy_growth_pct": 19.16903093877924,
      "cagr_3y_pct": -7.438209489283542
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "hs_code": "180100",
      "hs_description": "Cocoa beans: whole or broken, raw or roasted",
      "buyer_imports_latest_usd": 1224424471.970369,
      "current_below_peak_pct": 61.817379020883564,
      "lane_volatility_cv": 1.4348755273777298,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "hs_code": "271012",
      "hs_description": "",
      "buyer_imports_latest_usd": 7812620722.215866,
      "current_below_peak_pct": 49.16268325072707,
      "lane_volatility_cv": 1.4203046485933526,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "hs_code": "271129",
      "hs_description": "Petroleum gases and other gaseous hydrocarbons: in gaseous state, other than natural gas",
      "buyer_imports_latest_usd": 43802382.30675017,
      "current_below_peak_pct": 86.18333071355715,
      "lane_volatility_cv": 0.8146867656115968,
      "attention_level": "Critical attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "hs_code": "270900",
      "hs_description": "Oils: petroleum oils and oils obtained from bituminous minerals, crude",
      "buyer_imports_latest_usd": 17043129861.052727,
      "current_below_peak_pct": 99.20040403982352,
      "lane_volatility_cv": 2.801716297388569,
      "attention_level": "Critical attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "hs_code": "711292",
      "hs_description": "Waste and scrap of precious metals: of platinum, including metal clad with platinum but excluding sweepings containing other precious metals",
      "buyer_imports_latest_usd": 963205346.8009803,
      "current_below_peak_pct": 86.34525185700906,
      "lane_volatility_cv": 0.790994319230304,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "hs_code": "271111",
      "hs_description": "Petroleum gases and other gaseous hydrocarbons: liquefied, natural gas",
      "buyer_imports_latest_usd": 2702882996.583688,
      "current_below_peak_pct": 78.16967579737445,
      "lane_volatility_cv": 0.7630518785560559,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "hs_code": "030617",
      "hs_description": "Crustaceans: 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 water",
      "buyer_imports_latest_usd": 333230491.9545799,
      "current_below_peak_pct": 36.0598112058709,
      "lane_volatility_cv": 0.5258638810626208,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "hs_code": "310210",
      "hs_description": "Fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution",
      "buyer_imports_latest_usd": 151362244.62892845,
      "current_below_peak_pct": 73.9695628509407,
      "lane_volatility_cv": 1.7172781797205439,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "hs_code": "740400",
      "hs_description": "Copper: waste and scrap",
      "buyer_imports_latest_usd": 1785003764.6674802,
      "current_below_peak_pct": 55.7453989926058,
      "lane_volatility_cv": 0.5462722094304966,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "NGA",
      "importer_iso3": "BEL",
      "hs_code": "854231",
      "hs_description": "Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits",
      "buyer_imports_latest_usd": 912973614.744278,
      "current_below_peak_pct": 70.48362781538057,
      "lane_volatility_cv": 1.997048449349919,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "NGA",
    "importer_iso3": "BEL",
    "distance_km": 4922,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": 0,
    "shared_legal_system": 0,
    "shared_colonial_history": 0,
    "has_fta": 0,
    "rta_coverage_ratio": null,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 0,
    "importer_is_eu": 1,
    "importer_gdp_million_usd": 599879.0253780001,
    "importer_gdp_per_capita_usd": 51767.78857240694,
    "importer_population": 11587.882,
    "importer_biz_entry_days": 5,
    "importer_biz_entry_cost_pct": 5.3,
    "exporter_gdp_million_usd": 440776.971536,
    "exporter_gdp_per_capita_usd": 2085.030695738767,
    "avg_applied_tariff_pct": 1.6492073756558465,
    "avg_mfn_tariff_pct": 5.920413126868689,
    "avg_preferential_tariff_pct": 1.4054732487986503,
    "tariff_advantage_pp": 4.514939878070038
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-29",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-29"
      }
    ]
  },
  "links": {
    "canonical": "https://www.yugalinks.com/trade/corridor/NGA-BEL/risk",
    "html": "https://www.yugalinks.com/trade/corridor/NGA-BEL/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/NGA-BEL/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/NGA-BEL/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/NGA-BEL/risk/index.ld.json",
    "home": "https://www.yugalinks.com/",
    "tradeHub": "https://www.yugalinks.com/trade/",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "workspace": "https://www.yugalinks.com/app/corridors",
    "contact": "https://www.yugalinks.com/contact",
    "email": "mailto:support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  }
}