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Nigeria Trade Summary

2002

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 2002

Overall Exports and Imports for Nigeria 2002

Exports and imports of Nigeria in 2002 are below, along with number of countries and products

  • The total value of exports (FoB) was 18,607 million.
  • The total value of imports (CIF) was 8,758 million.
  • At the HS6 digit level, 236 products were exported to 54 countries and 3,793 products were imported from 181 countries.

Nigeria top 5 Export and Import partners 2002

Top five countries to which Nigeria exported in 2002 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to United States worth US$ 5,830 million, with a partner share of 31.33 percent.
  2. Nigeria exports to India worth US$ 2,161 million, with a partner share of 11.61 percent.
  3. Nigeria exports to Brazil worth US$ 1,541 million, with a partner share of 8.28 percent.
  4. Nigeria exports to Spain worth US$ 1,021 million, with a partner share of 5.49 percent.
  5. Nigeria exports to France worth US$ 999 million, with a partner share of 5.37 percent.

Top five countries from which Nigeria imported goods in 2002 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from United States worth US$ 1,123 million, with a partner share of 12.83 percent.
  2. Nigeria imports from United Kingdom worth US$ 1,097 million, with a partner share of 12.53 percent.
  3. Nigeria imports from China worth US$ 741 million, with a partner share of 8.46 percent.
  4. Nigeria imports from Germany worth US$ 532 million, with a partner share of 6.08 percent.
  5. Nigeria imports from Belgium worth US$ 519 million, with a partner share of 5.93 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 2002

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 16,598,258.16 (US$ Thousands).
  2. Nigeria exported Natural gas, liquefied , worth 621,956.28 (US$ Thousands).
  3. Nigeria exported Dredgers , worth 494,410.43 (US$ Thousands).
  4. Nigeria exported Other residues of petroleum oils , etc , worth 232,911.04 (US$ Thousands).
  5. Nigeria exported Textured yarn of polyesters, nprs , worth 132,355.64 (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 346,580.96 (US$ Thousands).
  2. Nigeria imported Floating or submersible drilling or production , worth 258,538.30 (US$ Thousands).
  3. Nigeria imported Portland cement (excl. white) , worth 253,908.00 (US$ Thousands).
  4. Nigeria imported Semi-milled or wholly milled rice , worth 233,990.51 (US$ Thousands).
  5. Nigeria imported Buoys, beacons, coffer-dams, pontoons and other , worth 171,321.98 (US$ Thousands).

Exports and Imports of Product Groups 2002

Exports and imports of products by stages of processing in 2002 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2002

Tariffs imposed by Nigeria in 2002 are below

  • The maximum rate of tariff in percentage on any product was 150 percent.
  • The simple average tariff across all products was 25.17 percent.
  • The trade weighted average tariff was 18.45 .
  • The total duty free imports in thousands of US dollars were 0 and duty free tariff line items share was 0 percent.

Development Indicators 2002

Key Development Indicators of Nigeria in 2002 are below

  • Nigeria GDP in current US dollar was 95,054 million.
  • GNI per capita, Atlas method (current US$) was 630.00 .
  • Nigeria Trade balance: as % of GDP was 6.44.
  • Trade balance in current US$ was 6,126.00 million.
  • Trade as percentage of GDP was 40.04 .
  • Trade in services as percentage of GDP was 7.83 .

Trade Indicators 2002

Trade Indicators for Nigeria in 2002 are below

  • Hirschman Herfindahl market concentration index was 0.16.
  • Index of export market penetration was 2.49.
  • World Growth in percentage was 3.38 and Nigeria Country Growth was -8.99 .