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Nigeria Trade Summary

2001

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 2001

Overall Exports and Imports for Nigeria 2001

Exports and imports of Nigeria in 2001 are below, along with number of countries and products

  • The total value of exports (FoB) was 18,046 million.
  • The total value of imports (CIF) was 7,958 million.
  • At the HS6 digit level, 203 products were exported to 50 countries and 3,686 products were imported from 199 countries.

Nigeria top 5 Export and Import partners 2001

Top five countries to which Nigeria exported in 2001 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to United States worth US$ 7,321 million, with a partner share of 40.57 percent.
  2. Nigeria exports to India worth US$ 2,083 million, with a partner share of 11.54 percent.
  3. Nigeria exports to Spain worth US$ 1,176 million, with a partner share of 6.51 percent.
  4. Nigeria exports to France worth US$ 1,142 million, with a partner share of 6.33 percent.
  5. Nigeria exports to Brazil worth US$ 1,051 million, with a partner share of 5.83 percent.

Top five countries from which Nigeria imported goods in 2001 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from United Kingdom worth US$ 1,070 million, with a partner share of 13.44 percent.
  2. Nigeria imports from United States worth US$ 823 million, with a partner share of 10.34 percent.
  3. Nigeria imports from Germany worth US$ 781 million, with a partner share of 9.81 percent.
  4. Nigeria imports from China worth US$ 527 million, with a partner share of 6.62 percent.
  5. Nigeria imports from Belgium worth US$ 438 million, with a partner share of 5.51 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 2001

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 17,732,469.24 (US$ Thousands).
  2. Nigeria exported Natural gas, liquefied , worth 249,858.42 (US$ Thousands).
  3. Nigeria exported Printed woven fabrics, artificial staple fibres , worth 27,960.41 (US$ Thousands).
  4. Nigeria exported Floating docks and vessels which perform specia , worth 10,930.81 (US$ Thousands).
  5. Nigeria exported Dentifrices , worth 3,066.89 (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 330,852.48 (US$ Thousands).
  2. Nigeria imported Portland cement (excl. white) , worth 215,702.33 (US$ Thousands).
  3. Nigeria imported Semi-milled or wholly milled rice , worth 194,529.60 (US$ Thousands).
  4. Nigeria imported Automobiles with reciprocating piston engine di , worth 183,792.98 (US$ Thousands).
  5. Nigeria imported Frozen fish, nes , worth 166,406.04 (US$ Thousands).

Exports and Imports of Product Groups 2001

Exports and imports of products by stages of processing in 2001 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2001

Tariffs imposed by Nigeria in 2001 are below

  • The maximum rate of tariff in percentage on any product was 150 percent.
  • The simple average tariff across all products was 24.23 percent.
  • The trade weighted average tariff was 21.47 .
  • The total duty free imports in thousands of US dollars were 56,555.29 and duty free tariff line items share was 0.54 percent.

Development Indicators 2001

Key Development Indicators of Nigeria in 2001 are below

  • Nigeria GDP in current US dollar was 74,031 million.
  • GNI per capita, Atlas method (current US$) was 530.00 .
  • Nigeria Trade balance: as % of GDP was 6.82.
  • Trade balance in current US$ was 5,050.00 million.
  • Trade as percentage of GDP was 49.68 .
  • Trade in services as percentage of GDP was 8.50 .

Trade Indicators 2001

Trade Indicators for Nigeria in 2001 are below

  • Hirschman Herfindahl market concentration index was 0.20.
  • Index of export market penetration was 2.50.
  • World Growth in percentage was -1.72 and Nigeria Country Growth was -5.98 .