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Nigeria Trade Summary

1996

Nigeria exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR NIGERIA 1996

Overall Exports and Imports for Nigeria 1996

Exports and imports of Nigeria in 1996 are below, along with number of countries and products

  • The total value of exports (FoB) was 11,394 million.
  • The total value of imports (CIF) was 5,335 million.
  • At the HS6 digit level, 366 products were exported to 92 countries and 3,511 products were imported from 135 countries.

Nigeria top 5 Export and Import partners 1996

Top five countries to which Nigeria exported in 1996 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to United States worth US$ 4,248 million, with a partner share of 37.29 percent.
  2. Nigeria exports to Spain worth US$ 1,330 million, with a partner share of 11.67 percent.
  3. Nigeria exports to France worth US$ 984 million, with a partner share of 8.64 percent.
  4. Nigeria exports to Italy worth US$ 779 million, with a partner share of 6.84 percent.
  5. Nigeria exports to Netherlands worth US$ 752 million, with a partner share of 6.60 percent.

Top five countries from which Nigeria imported goods in 1996 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from United States worth US$ 893 million, with a partner share of 16.74 percent.
  2. Nigeria imports from United Kingdom worth US$ 698 million, with a partner share of 13.08 percent.
  3. Nigeria imports from Germany worth US$ 563 million, with a partner share of 10.54 percent.
  4. Nigeria imports from France worth US$ 440 million, with a partner share of 8.25 percent.
  5. Nigeria imports from Netherlands worth US$ 324 million, with a partner share of 6.07 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 1996

The top five exported HS 6 digit level products to world by Nigeria along with trade value are:

  1. Nigeria exported Petroleum oils and oils obtained from bituminou , worth 10,862,123.01 (US$ Thousands).
  2. Nigeria exported Natural rubber latex, in primary forms or in pl , worth 142,292.43 (US$ Thousands).
  3. Nigeria exported Cocoa beans, whole or broken, raw or roasted , worth 109,662.90 (US$ Thousands).
  4. Nigeria exported Cotton linters , worth 18,631.74 (US$ Thousands).
  5. Nigeria exported Frozen shrimps and prawns , worth 18,071.62 (US$ Thousands).

The top five imported HS 6 digit level products from world by Nigeria along with trade value are

  1. Nigeria imported Spelt, common wheat and meslin , worth 258,290.46 (US$ Thousands).
  2. Nigeria imported Raw cane sugar, in solid form , worth 145,223.36 (US$ Thousands).
  3. Nigeria imported Construction equipment, not self-propelled nes , worth 100,036.52 (US$ Thousands).
  4. Nigeria imported Portland cement (excl. white) , worth 86,219.41 (US$ Thousands).
  5. Nigeria imported New stamps; stamp-impressed paper; banknotes; c , worth 76,303.03 (US$ Thousands).

Exports and Imports of Product Groups 1996

Exports and imports of products by stages of processing in 1996 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1996

Tariffs imposed by Nigeria in 1996 are below

  • The maximum rate of tariff in percentage on any product was 150 percent.
  • The simple average tariff across all products was 22.95 percent.
  • The trade weighted average tariff was 16.06 .
  • The total duty free imports in thousands of US dollars were 32,805.77 and duty free tariff line items share was 0.84 percent.

Development Indicators 1996

Key Development Indicators of Nigeria in 1996 are below

  • Nigeria GDP in current US dollar was 51,076 million.
  • GNI per capita, Atlas method (current US$) was 380.00 .
  • Nigeria Trade balance: as % of GDP was 5.79.
  • Trade balance in current US$ was 2,958.00 million.
  • Trade as percentage of GDP was 40.26 .
  • Trade in services as percentage of GDP was 3.41 .

Trade Indicators 1996

Trade Indicators for Nigeria in 1996 are below

  • Hirschman Herfindahl market concentration index was 0.15.
  • Index of export market penetration was 2.22.
  • World Growth in percentage was 3.55 and Nigeria Country Growth was 15.62 .