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Nigeria Trade Summary

1997

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 1997

Overall Exports and Imports for Nigeria 1997

Exports and imports of Nigeria in 1997 are below, along with number of countries and products

  • The total value of exports (FoB) was 11,164 million.
  • The total value of imports (CIF) was 6,364 million.
  • At the HS6 digit level, 187 products were exported to 54 countries and 3,830 products were imported from 140 countries.

Nigeria top 5 Export and Import partners 1997

Top five countries to which Nigeria exported in 1997 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to United States worth US$ 4,640 million, with a partner share of 41.56 percent.
  2. Nigeria exports to Spain worth US$ 980 million, with a partner share of 8.78 percent.
  3. Nigeria exports to Netherlands worth US$ 895 million, with a partner share of 8.01 percent.
  4. Nigeria exports to Italy worth US$ 650 million, with a partner share of 5.82 percent.
  5. Nigeria exports to Korea, Rep. worth US$ 643 million, with a partner share of 5.76 percent.

Top five countries from which Nigeria imported goods in 1997 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from United States worth US$ 994 million, with a partner share of 15.62 percent.
  2. Nigeria imports from United Kingdom worth US$ 767 million, with a partner share of 12.05 percent.
  3. Nigeria imports from Germany worth US$ 638 million, with a partner share of 10.03 percent.
  4. Nigeria imports from China worth US$ 585 million, with a partner share of 9.19 percent.
  5. Nigeria imports from France worth US$ 365 million, with a partner share of 5.74 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 1997

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 US$ 10,577,746.94 million.
  2. Nigeria exported Floating docks and vessels which perform specia , worth US$ 268,213.98 million.
  3. Nigeria exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 163,652.37 million.
  4. Nigeria exported Floating or submersible drilling or production , worth US$ 25,604.92 million.
  5. Nigeria exported Warships, lifeboats, hospital ships and vessels , worth US$ 16,590.47 million.

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

  1. Nigeria imported Rosin and resin acids , worth US$ 376,867.26 million.
  2. Nigeria imported Spelt, common wheat and meslin , worth US$ 300,524.70 million.
  3. Nigeria imported Semi-milled or wholly milled rice , worth US$ 251,591.84 million.
  4. Nigeria imported Raw cane sugar, in solid form , worth US$ 169,515.73 million.
  5. Nigeria imported Floating or submersible drilling or production , worth US$ 155,565.79 million.

Exports and Imports of Product Groups 1997

Exports and imports of products by stages of processing in 1997 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1997

Tariffs imposed by Nigeria in 1997 are below

  • The maximum rate of tariff in percentage on any product was 150 percent.
  • The simple average tariff across all products was 23 percent.
  • The trade weighted average tariff was 16.21 .
  • The total duty free imports in thousands of US dollars were 21,171.78 and duty free tariff line items share was 0.60 percent.

Development Indicators 1997

Key Development Indicators of Nigeria in 1997 are below

  • Nigeria GDP in current US dollar was 54,458 million.
  • GNI per capita, Atlas method (current US$) was 440.00 .
  • Nigeria Trade balance: as % of GDP was 5.84.
  • Trade balance in current US$ was 3,180.00 million.
  • Trade as percentage of GDP was 51.46 .
  • Trade in services as percentage of GDP was 3.08 .

Trade Indicators 1997

Trade Indicators for Nigeria in 1997 are below

  • Hirschman Herfindahl market concentration index was 0.16.
  • Index of export market penetration was 2.17.
  • World Growth in percentage was 3.05 and Nigeria Country Growth was 0.11 .