Loading..

Nigeria Trade Summary

1999

Nigeria exports, imports, tariff by year.

Country and Region
Year
For at a glance i.e. latest available trade, tariff, trade barriers and other trade related data Click Here.
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 1999

Overall Exports and Imports for Nigeria 1999

Exports and imports of Nigeria in 1999 are below, along with number of countries and products

  • The total value of exports (FoB) was 16,124 million.
  • The total value of imports (CIF) was 4,482 million.
  • At the HS6 digit level, 587 products were exported to 94 countries and 3,885 products were imported from 158 countries.

Nigeria top 5 Export and Import partners 1999

Top five countries to which Nigeria exported in 1999 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to United States worth US$ 5,470 million, with a partner share of 33.93 percent.
  2. Nigeria exports to India worth US$ 2,857 million, with a partner share of 17.72 percent.
  3. Nigeria exports to France worth US$ 1,438 million, with a partner share of 8.92 percent.
  4. Nigeria exports to Spain worth US$ 984 million, with a partner share of 6.10 percent.
  5. Nigeria exports to Brazil worth US$ 716 million, with a partner share of 4.44 percent.

Top five countries from which Nigeria imported goods in 1999 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from United States worth US$ 700 million, with a partner share of 15.62 percent.
  2. Nigeria imports from United Kingdom worth US$ 492 million, with a partner share of 10.97 percent.
  3. Nigeria imports from Germany worth US$ 361 million, with a partner share of 8.04 percent.
  4. Nigeria imports from France worth US$ 306 million, with a partner share of 6.84 percent.
  5. Nigeria imports from Netherlands worth US$ 298 million, with a partner share of 6.64 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 1999

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 15,952,378.88 (US$ Thousands).
  2. Nigeria exported Cocoa beans, whole or broken, raw or roasted , worth 20,973.69 (US$ Thousands).
  3. Nigeria exported Warships, lifeboats, hospital ships and vessels , worth 18,933.51 (US$ Thousands).
  4. Nigeria exported Coniferous wood, continuously shaped along any , worth 16,092.89 (US$ Thousands).
  5. Nigeria exported Television cameras , worth 12,251.55 (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 428,796.16 (US$ Thousands).
  2. Nigeria imported Portland cement (excl. white) , worth 139,333.07 (US$ Thousands).
  3. Nigeria imported White portland cement , worth 123,259.01 (US$ Thousands).
  4. Nigeria imported Milk and cream in solid forms of >1.5% fat, uns , worth 113,734.71 (US$ Thousands).
  5. Nigeria imported Raw cane sugar, in solid form , worth 91,283.60 (US$ Thousands).

Exports and Imports of Product Groups 1999

Exports and imports of products by stages of processing in 1999 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1999

Tariffs imposed by Nigeria in 1999 are below

  • The maximum rate of tariff in percentage on any product was 150 percent.
  • The simple average tariff across all products was 24.64 percent.
  • The trade weighted average tariff was 19.77 .
  • 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 1999

Key Development Indicators of Nigeria in 1999 are below

  • Nigeria GDP in current US dollar was 59,373 million.
  • GNI per capita, Atlas method (current US$) was 450.00 .
  • Nigeria Trade balance: as % of GDP was 8.21.
  • Trade balance in current US$ was 4,875.00 million.
  • Trade as percentage of GDP was 34.46 .
  • Trade in services as percentage of GDP was 7.50 .

Trade Indicators 1999

Trade Indicators for Nigeria in 1999 are below

  • Hirschman Herfindahl market concentration index was 0.15.
  • Index of export market penetration was 2.25.
  • World Growth in percentage was 2.42 and Nigeria Country Growth was 11.49 .