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Nigeria Trade Summary

2007

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 2007

Overall Exports and Imports for Nigeria 2007

Exports and imports of Nigeria in 2007 are below, along with number of countries and products

  • The total value of exports (FoB) was 53,963 million.
  • The total value of imports (CIF) was 32,357 million.
  • At the HS6 digit level, 813 products were exported to 124 countries and 3,387 products were imported from 196 countries.

Nigeria top 5 Export and Import partners 2007

Top five countries to which Nigeria exported in 2007 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to United States worth US$ 25,157 million, with a partner share of 46.62 percent.
  2. Nigeria exports to Belgium worth US$ 4,511 million, with a partner share of 8.36 percent.
  3. Nigeria exports to India worth US$ 4,399 million, with a partner share of 8.15 percent.
  4. Nigeria exports to Brazil worth US$ 3,460 million, with a partner share of 6.41 percent.
  5. Nigeria exports to Unspecified worth US$ 2,724 million, with a partner share of 5.05 percent.

Top five countries from which Nigeria imported goods in 2007 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from China worth US$ 4,911 million, with a partner share of 15.18 percent.
  2. Nigeria imports from United States worth US$ 4,893 million, with a partner share of 15.12 percent.
  3. Nigeria imports from Belgium worth US$ 3,961 million, with a partner share of 12.24 percent.
  4. Nigeria imports from United Kingdom worth US$ 1,715 million, with a partner share of 5.30 percent.
  5. Nigeria imports from Germany worth US$ 1,578 million, with a partner share of 4.88 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 2007

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 50,149,245.69 (US$ Thousands).
  2. Nigeria exported Cocoa beans, whole or broken, raw or roasted , worth 377,324.62 (US$ Thousands).
  3. Nigeria exported Natural gas, liquefied , worth 339,655.28 (US$ Thousands).
  4. Nigeria exported Printed books, brochures, leaflets and similar , worth 250,501.17 (US$ Thousands).
  5. Nigeria exported Technically specified natural rubber, in primar , worth 170,953.46 (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 1,827,604.05 (US$ Thousands).
  2. Nigeria imported Motorcycles with reciprocating piston engine di , worth 1,563,732.48 (US$ Thousands).
  3. Nigeria imported Textile fabrics...,coated,covered...with rubber , worth 629,899.06 (US$ Thousands).
  4. Nigeria imported Frozen fish, nes , worth 611,932.89 (US$ Thousands).
  5. Nigeria imported Milk and cream in solid forms of >1.5% fat, uns , worth 520,328.96 (US$ Thousands).

Exports and Imports of Product Groups 2007

Exports and imports of products by stages of processing in 2007 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2007

Tariffs imposed by Nigeria in 2007 are below

  • The maximum rate of tariff in percentage on any product was not available percent.
  • The simple average tariff across all products was not available percent.
  • The trade weighted average tariff was not available .
  • The total duty free imports in thousands of US dollars were not available and duty free tariff line items share was not available percent.

Development Indicators 2007

Key Development Indicators of Nigeria in 2007 are below

  • Nigeria GDP in current US dollar was 278,261 million.
  • GNI per capita, Atlas method (current US$) was 1,600.00 .
  • Nigeria Trade balance: as % of GDP was 3.14.
  • Trade balance in current US$ was 8,726.00 million.
  • Trade as percentage of GDP was 39.34 .
  • Trade in services as percentage of GDP was 7.11 .

Trade Indicators 2007

Trade Indicators for Nigeria in 2007 are below

  • Hirschman Herfindahl market concentration index was 0.23.
  • Index of export market penetration was 2.75.
  • World Growth in percentage was 183.19 and Nigeria Country Growth was 10.22 .