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Nigeria Trade Summary

1998

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 1998

Overall Exports and Imports for Nigeria 1998

Exports and imports of Nigeria in 1998 are below, along with number of countries and products

  • The total value of exports (FoB) was 6,869 million.
  • The total value of imports (CIF) was 5,764 million.
  • At the HS6 digit level, 245 products were exported to 62 countries and 3,803 products were imported from 132 countries.

Nigeria top 5 Export and Import partners 1998

Top five countries to which Nigeria exported in 1998 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to United States worth US$ 2,934 million, with a partner share of 42.71 percent.
  2. Nigeria exports to Spain worth US$ 409 million, with a partner share of 5.96 percent.
  3. Nigeria exports to France worth US$ 381 million, with a partner share of 5.55 percent.
  4. Nigeria exports to Italy worth US$ 348 million, with a partner share of 5.06 percent.
  5. Nigeria exports to Brazil worth US$ 322 million, with a partner share of 4.69 percent.

Top five countries from which Nigeria imported goods in 1998 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from United States worth US$ 808 million, with a partner share of 14.02 percent.
  2. Nigeria imports from United Kingdom worth US$ 798 million, with a partner share of 13.84 percent.
  3. Nigeria imports from Germany worth US$ 562 million, with a partner share of 9.75 percent.
  4. Nigeria imports from France worth US$ 372 million, with a partner share of 6.46 percent.
  5. Nigeria imports from Netherlands worth US$ 309 million, with a partner share of 5.36 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 1998

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 6,658,698.24 (US$ Thousands).
  2. Nigeria exported Tubes, pipes and hoses, rigid, of polymers of e , worth 41,900.14 (US$ Thousands).
  3. Nigeria exported Warships, lifeboats, hospital ships and vessels , worth 30,780.70 (US$ Thousands).
  4. Nigeria exported Cocoa beans, whole or broken, raw or roasted , worth 15,841.92 (US$ Thousands).
  5. Nigeria exported Floating docks and vessels which perform specia , worth 14,319.23 (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 281,645.09 (US$ Thousands).
  2. Nigeria imported Raw cane sugar, in solid form , worth 173,975.55 (US$ Thousands).
  3. Nigeria imported Semi-milled or wholly milled rice , worth 154,814.11 (US$ Thousands).
  4. Nigeria imported Floating or submersible drilling or production , worth 105,690.17 (US$ Thousands).
  5. Nigeria imported Portland cement (excl. white) , worth 95,077.64 (US$ Thousands).

Exports and Imports of Product Groups 1998

Exports and imports of products by stages of processing in 1998 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1998

Tariffs imposed by Nigeria in 1998 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 1998

Key Development Indicators of Nigeria in 1998 are below

  • Nigeria GDP in current US dollar was 54,604 million.
  • GNI per capita, Atlas method (current US$) was 440.00 .
  • Nigeria Trade balance: as % of GDP was -2.99.
  • Trade balance in current US$ was -1,633.00 million.
  • Trade as percentage of GDP was 39.28 .
  • Trade in services as percentage of GDP was 2.64 .

Trade Indicators 1998

Trade Indicators for Nigeria in 1998 are below

  • Hirschman Herfindahl market concentration index was 0.17.
  • Index of export market penetration was 2.19.
  • World Growth in percentage was -0.47 and Nigeria Country Growth was -17.76 .