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Nigeria Trade Summary

2003

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 2003

Overall Exports and Imports for Nigeria 2003

Exports and imports of Nigeria in 2003 are below, along with number of countries and products

  • The total value of exports (FoB) was 24,077 million.
  • The total value of imports (CIF) was 14,892 million.
  • At the HS6 digit level, 318 products were exported to 70 countries and 3,820 products were imported from 195 countries.

Nigeria top 5 Export and Import partners 2003

Top five countries to which Nigeria exported in 2003 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to United States worth US$ 9,211 million, with a partner share of 38.26 percent.
  2. Nigeria exports to India worth US$ 2,393 million, with a partner share of 9.94 percent.
  3. Nigeria exports to Brazil worth US$ 1,637 million, with a partner share of 6.80 percent.
  4. Nigeria exports to Spain worth US$ 1,484 million, with a partner share of 6.16 percent.
  5. Nigeria exports to France worth US$ 1,359 million, with a partner share of 5.65 percent.

Top five countries from which Nigeria imported goods in 2003 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from United States worth US$ 2,326 million, with a partner share of 15.62 percent.
  2. Nigeria imports from Unspecified worth US$ 2,231 million, with a partner share of 14.98 percent.
  3. Nigeria imports from United Kingdom worth US$ 1,421 million, with a partner share of 9.54 percent.
  4. Nigeria imports from Germany worth US$ 1,089 million, with a partner share of 7.31 percent.
  5. Nigeria imports from China worth US$ 1,068 million, with a partner share of 7.17 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 2003

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$ 23,210,023.06 million.
  2. Nigeria exported Natural gas, liquefied , worth US$ 264,654.26 million.
  3. Nigeria exported Dredgers , worth US$ 91,232.81 million.
  4. Nigeria exported Floating docks and vessels which perform specia , worth US$ 83,311.99 million.
  5. Nigeria exported Ethylene, propylene, butylene and butadiene, li , worth US$ 70,033.15 million.

The top five imported HS 6 digit level products from world by Nigeria along with trade value are

  1. Nigeria imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 1,798,120.97 million.
  2. Nigeria imported Floating or submersible drilling or production , worth US$ 550,034.94 million.
  3. Nigeria imported Parts of taps, cocks, valves or similar applian , worth US$ 516,281.22 million.
  4. Nigeria imported Valves, pressure reducing , worth US$ 451,213.85 million.
  5. Nigeria imported Spelt, common wheat and meslin , worth US$ 388,325.23 million.

Exports and Imports of Product Groups 2003

Exports and imports of products by stages of processing in 2003 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2003

Tariffs imposed by Nigeria in 2003 are below

  • The maximum rate of tariff in percentage on any product was 150 percent.
  • The simple average tariff across all products was 24.61 percent.
  • The trade weighted average tariff was 20.62 .
  • The total duty free imports in thousands of US dollars were 17,212.53 and duty free tariff line items share was 0.39 percent.

Development Indicators 2003

Key Development Indicators of Nigeria in 2003 are below

  • Nigeria GDP in current US dollar was 104,739 million.
  • GNI per capita, Atlas method (current US$) was 700.00 .
  • Nigeria Trade balance: as % of GDP was 4.17.
  • Trade balance in current US$ was 4,365.00 million.
  • Trade as percentage of GDP was 49.34 .
  • Trade in services as percentage of GDP was 8.77 .

Trade Indicators 2003

Trade Indicators for Nigeria in 2003 are below

  • Hirschman Herfindahl market concentration index was 0.21.
  • Index of export market penetration was 2.43.
  • World Growth in percentage was 8.09 and Nigeria Country Growth was 22.10 .