Nigeria Trade Summary

2006 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): 59,215
No. Of products: 356
No. Of partners: 81
Importsmore »
Imports (in US$ Mil): 22,903
No. Of products: 3,338
No. Of partners: 203

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Petroleum oils and o ...54,915,839.44
Petroleum oils, etc, ...3,256,528.58
Floating docks and v ...278,067.67
Natural Gum Arabic188,869.37
Tugs and pusher craf ...74,965.15
Imports (US$ Thousands)
Spelt, common wheat ...1,279,030.00
Tanks and other armo ...821,370.97
Snowmobiles, golf ca ...705,614.72
Track-laying tractor ...448,187.55
Aerials and aerial r ...441,476.72

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States26,656 45.02
India5,508 9.30
Spain4,726 7.98
France3,351 5.66
Brazil2,504 4.23
Exporter Trade (US$ Mil) Partner share(%)
United States3,591 15.68
China3,161 13.80
United Kingdom2,701 11.79
Germany1,278 5.58
Belgium1,171 5.11

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials55,142 93.12 2,275 9.93 6.83
Intermediate goods190 0.32 7,576 33.08 9.52
Consumer goods3,391 5.73 4,520 19.73 17.82
Capital goods491 0.83 8,513 37.17 5.48

Trade Indicators

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HH Market concentration index: 0.24
Index of export market penetration: 2.56
World Growth: 7.53
Country Growth: 14.60

Tariffs

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No Of Tariff Agreement: 1
Maximum Rate (%): 50
Simple Average (%): 10.60
Weighted Average (%): 9.40
Duty Free Imports (US$ Thousand): 4,928,405.32
Duty Free Tariff Lines Share (%): 17.59

Development Indicators

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GDP (current US$): 145,430
GNI per capita, Atlas method (current US$): 850.00
Trade Balance (% of GDP): 21.61
Trade Balance (current US$ Mil): 31,432.00
Trade in services (% of GDP): 11.15
Trade (% of GDP): 64.61