Nigeria Trade Summary

2003 Data

Nigeria exports, imports, tariff by year.

Country / 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

Overall Exports and Imports

Exportsmore »
Exports (in US$ Mil): 24,078
No. Of products: 317
No. Of partners: 69
Importsmore »
Imports (in US$ Mil): 14,892
No. Of products: 3,819
No. Of partners: 192

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Petroleum oils and o ...23,211,162.02
Natural gas, liquefi ...264,667.24
Dredgers91,237.28
Floating docks and v ...83,316.08
Ethylene, propylene, ...70,036.59
Imports (US$ Thousands)
Petroleum oils, etc, ...1,798,209.19
Floating or submersi ...550,061.93
Parts of taps, cocks ...516,306.53
Valves, pressure red ...451,235.98
Spelt, common wheat ...388,344.28

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States9,211 38.26
India2,393 9.94
Brazil1,637 6.80
Spain1,484 6.16
France1,360 5.65
Exporter Trade (US$ Mil) Partner share(%)
United States2,321 15.58
Unspecified2,232 14.99
United Kingdom1,421 9.54
Germany1,089 7.31
China1,068 7.17

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials23,214 96.41 1,023 6.87 13.85
Intermediate goods38 0.16 3,826 25.69 17.68
Consumer goods396 1.65 4,984 33.47 31.21
Capital goods430 1.78 5,058 33.97 13.76

Trade Indicators

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HH Market concentration index: 0.21
Index of export market penetration: 2.35
World Growth: 8.10
Country Growth: 21.11

Tariffs

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No Of Tariff Agreement: 1
Maximum Rate (%): 150
Simple Average (%): 24.61
Weighted Average (%): 20.62
Duty Free Imports (US$ Thousand): 17,212.53
Duty Free Tariff Lines Share (%): 0.39

Development Indicators

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GDP (current US$ Mil): 67,656
GNI per capita, Atlas method (current US$): 410.00
Trade Balance (% of GDP): 4.36
Trade Balance (current US$ Mil): 2,948.00
Trade in services (% of GDP): 13.58
Trade (% of GDP): 75.22