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Nigeria Trade Summary

2008

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 2008

Overall Exports and Imports for Nigeria 2008

Exports and imports of Nigeria in 2008 are below, along with number of countries and products

  • The total value of exports (FoB) was 81,821 million.
  • The total value of imports (CIF) was 28,194 million.
  • At the HS6 digit level, 938 products were exported to 147 countries and 3,508 products were imported from 198 countries.

Nigeria top 5 Export and Import partners 2008

Top five countries to which Nigeria exported in 2008 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to United States worth US$ 34,758 million, with a partner share of 42.48 percent.
  2. Nigeria exports to India worth US$ 7,872 million, with a partner share of 9.62 percent.
  3. Nigeria exports to Brazil worth US$ 5,308 million, with a partner share of 6.49 percent.
  4. Nigeria exports to France worth US$ 3,371 million, with a partner share of 4.12 percent.
  5. Nigeria exports to Netherlands worth US$ 3,295 million, with a partner share of 4.03 percent.

Top five countries from which Nigeria imported goods in 2008 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from China worth US$ 4,292 million, with a partner share of 15.22 percent.
  2. Nigeria imports from United States worth US$ 2,313 million, with a partner share of 8.20 percent.
  3. Nigeria imports from Belize worth US$ 2,000 million, with a partner share of 7.09 percent.
  4. Nigeria imports from Germany worth US$ 1,907 million, with a partner share of 6.76 percent.
  5. Nigeria imports from Belgium worth US$ 1,594 million, with a partner share of 5.65 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 2008

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 74,832,133.21 (US$ Thousands).
  2. Nigeria exported Floating or submersible drilling or production , worth 1,442,825.16 (US$ Thousands).
  3. Nigeria exported Goat or kid skin leather, prepared after tannin , worth 646,623.71 (US$ Thousands).
  4. Nigeria exported Cocoa beans, whole or broken, raw or roasted , worth 510,312.09 (US$ Thousands).
  5. Nigeria exported Polyethylene having a specific gravity >=0.94, , worth 492,168.47 (US$ Thousands).

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

  1. Nigeria imported Unbleached plain cotton weave, with >=85% cotto , worth 1,052,844.48 (US$ Thousands).
  2. Nigeria imported Transmission apparatus, for radioteleph incorpo , worth 967,000.27 (US$ Thousands).
  3. Nigeria imported Automobiles with reciprocating piston engine di , worth 757,443.54 (US$ Thousands).
  4. Nigeria imported Spelt, common wheat and meslin , worth 628,928.69 (US$ Thousands).
  5. Nigeria imported Diesel powered buses with a seating capacity of , worth 421,295.00 (US$ Thousands).

Exports and Imports of Product Groups 2008

Exports and imports of products by stages of processing in 2008 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2008

Tariffs imposed by Nigeria in 2008 are below

  • The maximum rate of tariff in percentage on any product was 50 percent.
  • The simple average tariff across all products was 10.82 percent.
  • The trade weighted average tariff was 9.79 .
  • The total duty free imports in thousands of US dollars were 5,566,275.79 and duty free tariff line items share was 16.56 percent.

Development Indicators 2008

Key Development Indicators of Nigeria in 2008 are below

  • Nigeria GDP in current US dollar was 339,476 million.
  • GNI per capita, Atlas method (current US$) was 1,950.00 .
  • Nigeria Trade balance: as % of GDP was 10.54.
  • Trade balance in current US$ was 35,792.00 million.
  • Trade as percentage of GDP was 40.80 .
  • Trade in services as percentage of GDP was 7.85 .

Trade Indicators 2008

Trade Indicators for Nigeria in 2008 are below

  • Hirschman Herfindahl market concentration index was 0.21.
  • Index of export market penetration was 2.70.
  • World Growth in percentage was 7.43 and Nigeria Country Growth was 14.63 .