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Nigeria Trade Summary

2006

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 2006

Overall Exports and Imports for Nigeria 2006

Exports and imports of Nigeria in 2006 are below, along with number of countries and products

  • The total value of exports (FoB) was 59,215 million.
  • The total value of imports (CIF) was 22,903 million.
  • At the HS6 digit level, 356 products were exported to 81 countries and 3,338 products were imported from 203 countries.

Nigeria top 5 Export and Import partners 2006

Top five countries to which Nigeria exported in 2006 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to United States worth US$ 26,656 million, with a partner share of 45.02 percent.
  2. Nigeria exports to India worth US$ 5,508 million, with a partner share of 9.30 percent.
  3. Nigeria exports to Spain worth US$ 4,726 million, with a partner share of 7.98 percent.
  4. Nigeria exports to France worth US$ 3,351 million, with a partner share of 5.66 percent.
  5. Nigeria exports to Brazil worth US$ 2,504 million, with a partner share of 4.23 percent.

Top five countries from which Nigeria imported goods in 2006 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from United States worth US$ 3,591 million, with a partner share of 15.68 percent.
  2. Nigeria imports from China worth US$ 3,161 million, with a partner share of 13.80 percent.
  3. Nigeria imports from United Kingdom worth US$ 2,701 million, with a partner share of 11.79 percent.
  4. Nigeria imports from Germany worth US$ 1,278 million, with a partner share of 5.58 percent.
  5. Nigeria imports from Belgium worth US$ 1,171 million, with a partner share of 5.11 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 2006

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$ 54,915,839.44 million.
  2. Nigeria exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 3,256,528.58 million.
  3. Nigeria exported Floating docks and vessels which perform specia , worth US$ 278,067.67 million.
  4. Nigeria exported Natural Gum Arabic , worth US$ 188,869.37 million.
  5. Nigeria exported Tugs and pusher craft , worth US$ 74,965.15 million.

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 US$ 1,279,030.00 million.
  2. Nigeria imported Tanks and other armoured fighting vehicles, mot , worth US$ 821,370.97 million.
  3. Nigeria imported Snowmobiles, golf cars and similar vehicles , worth US$ 705,614.72 million.
  4. Nigeria imported Track-laying tractors (crawlers) , worth US$ 448,187.55 million.
  5. Nigeria imported Aerials and aerial reflectors of all kinds; par , worth US$ 441,476.72 million.

Exports and Imports of Product Groups 2006

Exports and imports of products by stages of processing in 2006 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2006

Tariffs imposed by Nigeria in 2006 are below

  • The maximum rate of tariff in percentage on any product was 50 percent.
  • The simple average tariff across all products was 10.60 percent.
  • The trade weighted average tariff was 9.40 .
  • The total duty free imports in thousands of US dollars were 4,928,405.32 and duty free tariff line items share was 17.59 percent.

Development Indicators 2006

Key Development Indicators of Nigeria in 2006 are below

  • Nigeria GDP in current US dollar was 238,455 million.
  • GNI per capita, Atlas method (current US$) was 1,330.00 .
  • Nigeria Trade balance: as % of GDP was 16.47.
  • Trade balance in current US$ was 39,263.00 million.
  • Trade as percentage of GDP was 42.57 .
  • Trade in services as percentage of GDP was 6.80 .

Trade Indicators 2006

Trade Indicators for Nigeria in 2006 are below

  • Hirschman Herfindahl market concentration index was 0.24.
  • Index of export market penetration was 2.60.
  • World Growth in percentage was 7.64 and Nigeria Country Growth was 14.56 .