Nigeria Trade Summary

1997 Data

Nigeria exports, imports, tariff by year.

Country / 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

Overall Exports and Imports

Exportsmore »
Exports (in US$ Mil): 11,164
No. Of products: 187
No. Of partners: 54
Importsmore »
Imports (in US$ Mil): 6,364
No. Of products: 3,830
No. Of partners: 140

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Petroleum oils and o ...10,577,746.94
Floating docks and v ...268,213.98
Petroleum oils, etc, ...163,652.37
Floating or submersi ...25,604.92
Warships, lifeboats, ...16,590.47
Imports (US$ Thousands)
Rosin and resin acid ...376,867.26
Spelt, common wheat ...300,524.70
Semi-milled or wholl ...251,591.84
Raw cane sugar, in s ...169,515.73
Floating or submersi ...155,565.79

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States4,640 41.56
Spain980 8.78
Netherlands895 8.01
Italy650 5.82
Korea, Rep.643 5.76
Exporter Trade (US$ Mil) Partner share(%)
United States994 15.62
United Kingdom767 12.05
Germany638 10.03
China585 9.19
France365 5.74

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials10,597 94.92 644 10.12 11.31
Intermediate goods49 0.44 2,271 35.69 12.02
Consumer goods176 1.58 1,382 21.72 34.69
Capital goods329 2.95 2,001 31.44 10.10

Trade Indicators

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HH Market concentration index: 0.16
Index of export market penetration: 2.17
World Growth: 3.05
Country Growth: 0.11

Tariffs

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No Of Tariff Agreement: 1
Maximum Rate (%): 150
Simple Average (%): 23
Weighted Average (%): 16.21
Duty Free Imports (US$ Thousand): 21,171.78
Duty Free Tariff Lines Share (%): 0.60

Development Indicators

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GDP (current US$ Mil): 35,822
GNI per capita, Atlas method (current US$): 280.00
Trade Balance (% of GDP): 6.69
Trade Balance (current US$ Mil): 2,396.00
Trade in services (% of GDP): 15.35
Trade (% of GDP): 76.86