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Nigeria Trade Summary

2000

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 2000

Overall Exports and Imports for Nigeria 2000

Exports and imports of Nigeria in 2000 are below, along with number of countries and products

  • The total value of exports (FoB) was 27,080 million.
  • The total value of imports (CIF) was 5,817 million.
  • At the HS6 digit level, 292 products were exported to 67 countries and 3,810 products were imported from 187 countries.

Nigeria top 5 Export and Import partners 2000

Top five countries to which Nigeria exported in 2000 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to United States worth US$ 11,500 million, with a partner share of 42.47 percent.
  2. Nigeria exports to India worth US$ 3,920 million, with a partner share of 14.48 percent.
  3. Nigeria exports to Spain worth US$ 2,346 million, with a partner share of 8.66 percent.
  4. Nigeria exports to France worth US$ 1,657 million, with a partner share of 6.12 percent.
  5. Nigeria exports to Italy worth US$ 1,117 million, with a partner share of 4.13 percent.

Top five countries from which Nigeria imported goods in 2000 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from United Kingdom worth US$ 755 million, with a partner share of 12.99 percent.
  2. Nigeria imports from United States worth US$ 660 million, with a partner share of 11.35 percent.
  3. Nigeria imports from Germany worth US$ 595 million, with a partner share of 10.22 percent.
  4. Nigeria imports from France worth US$ 325 million, with a partner share of 5.59 percent.
  5. Nigeria imports from Belgium worth US$ 315 million, with a partner share of 5.42 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 2000

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$ 26,905,448.98 million.
  2. Nigeria exported Natural gas, liquefied , worth US$ 75,678.72 million.
  3. Nigeria exported Palm nuts and kernels , worth US$ 17,791.99 million.
  4. Nigeria exported Floating docks and vessels which perform specia , worth US$ 15,776.71 million.
  5. Nigeria exported Sesamum seeds , worth US$ 10,019.79 million.

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 US$ 246,065.03 million.
  2. Nigeria imported Urea , worth US$ 163,363.47 million.
  3. Nigeria imported Portland cement (excl. white) , worth US$ 147,163.37 million.
  4. Nigeria imported Flat rlld prod, i/nas, in coil, cr,=>600mm w, l , worth US$ 122,847.17 million.
  5. Nigeria imported Extracts, essences, concentrates and preparatio , worth US$ 105,470.49 million.

Exports and Imports of Product Groups 2000

Exports and imports of products by stages of processing in 2000 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2000

Tariffs imposed by Nigeria in 2000 are below

  • The maximum rate of tariff in percentage on any product was 150 percent.
  • The simple average tariff across all products was 24.69 percent.
  • The trade weighted average tariff was 19.99 .
  • The total duty free imports in thousands of US dollars were 57,085.26 and duty free tariff line items share was 0.50 percent.

Development Indicators 2000

Key Development Indicators of Nigeria in 2000 are below

  • Nigeria GDP in current US dollar was 69,449 million.
  • GNI per capita, Atlas method (current US$) was 460.00 .
  • Nigeria Trade balance: as % of GDP was 23.05.
  • Trade balance in current US$ was 16,009.00 million.
  • Trade as percentage of GDP was 49.00 .
  • Trade in services as percentage of GDP was 7.39 .

Trade Indicators 2000

Trade Indicators for Nigeria in 2000 are below

  • Hirschman Herfindahl market concentration index was 0.23.
  • Index of export market penetration was 2.39.
  • World Growth in percentage was 7.19 and Nigeria Country Growth was 24.88 .