Nigeria Trade Summary

1998 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): 6,869
No. Of products: 245
No. Of partners: 62
Importsmore »
Imports (in US$ Mil): 5,764
No. Of products: 3,803
No. Of partners: 132

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Petroleum oils and o ...6,658,698.24
Tubes, pipes and hos ...41,900.14
Warships, lifeboats, ...30,780.70
Cocoa beans, whole o ...15,841.92
Floating docks and v ...14,319.23
Imports (US$ Thousands)
Spelt, common wheat ...281,645.09
Raw cane sugar, in s ...173,975.55
Semi-milled or wholl ...154,814.11
Floating or submersi ...105,690.17
Portland cement (exc ...95,077.64

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States2,934 42.71
Spain409 5.96
France381 5.55
Italy348 5.06
Brazil322 4.69
Exporter Trade (US$ Mil) Partner share(%)
United States808 14.02
United Kingdom798 13.84
Germany562 9.75
France372 6.46
Netherlands309 5.36

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials6,685 97.32 602 10.45 11.31
Intermediate goods28 0.41 2,108 36.57 12.02
Consumer goods78 1.13 1,278 22.17 34.69
Capital goods76 1.11 1,762 30.57 10.10

Trade Indicators

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HH Market concentration index: 0.17
Index of export market penetration: 2.19
World Growth: -0.47
Country Growth: -17.76

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): 32,005
GNI per capita, Atlas method (current US$): 270.00
Trade Balance (% of GDP): -6.79
Trade Balance (current US$ Mil): -2,173.00
Trade in services (% of GDP): 15.78
Trade (% of GDP): 66.17