Nigeria Trade Summary

2008 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): 81,821
No. Of products: 938
No. Of partners: 147
Importsmore »
Imports (in US$ Mil): 28,194
No. Of products: 3,508
No. Of partners: 198

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Petroleum oils and o ...74,832,133.21
Floating or submersi ...1,442,825.16
Goat or kid skin lea ...646,623.71
Cocoa beans, whole o ...510,312.09
Polyethylene having ...492,168.47
Imports (US$ Thousands)
Unbleached plain cot ...1,052,844.48
Transmission apparat ...967,000.27
Automobiles with rec ...757,443.54
Spelt, common wheat ...628,928.69
Diesel powered buses ...421,295.00

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States34,758 42.48
India7,872 9.62
Brazil5,308 6.49
France3,371 4.12
Netherlands3,295 4.03
Exporter Trade (US$ Mil) Partner share(%)
China4,292 15.22
United States2,313 8.20
Belize2,000 7.09
Germany1,907 6.76
Belgium1,594 5.65

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials76,261 93.21 1,483 5.26 7.40
Intermediate goods2,085 2.55 9,155 32.47 10.08
Consumer goods1,244 1.52 6,445 22.86 17.90
Capital goods2,029 2.48 11,100 39.37 5.20

Trade Indicators

more »
HH Market concentration index: 0.21
Index of export market penetration: 2.69
World Growth: 7.47
Country Growth: 14.26

Tariffs

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No Of Tariff Agreement: 1
Maximum Rate (%): 50
Simple Average (%): 10.82
Weighted Average (%): 9.79
Duty Free Imports (US$ Thousand): 5,566,275.79
Duty Free Tariff Lines Share (%): 16.56

Development Indicators

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GDP (current US$): 208,065
GNI per capita, Atlas method (current US$): 1,160.00
Trade Balance (% of GDP): 14.79
Trade Balance (current US$ Mil): 30,780.00
Trade in services (% of GDP): 12.80
Trade (% of GDP): 64.97