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Nigeria Trade Summary

2010

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 2010

Overall Exports and Imports for Nigeria 2010

Exports and imports of Nigeria in 2010 are below, along with number of countries and products

  • The total value of exports (FoB) was 86,568 million.
  • The total value of imports (CIF) was 44,235 million.
  • At the HS6 digit level, 873 products were exported to 145 countries and 3,479 products were imported from 161 countries.

Nigeria top 5 Export and Import partners 2010

Top five countries to which Nigeria exported in 2010 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to United States worth US$ 29,756 million, with a partner share of 34.37 percent.
  2. Nigeria exports to India worth US$ 9,068 million, with a partner share of 10.48 percent.
  3. Nigeria exports to Brazil worth US$ 6,042 million, with a partner share of 6.98 percent.
  4. Nigeria exports to Netherlands worth US$ 3,937 million, with a partner share of 4.55 percent.
  5. Nigeria exports to France worth US$ 3,506 million, with a partner share of 4.05 percent.

Top five countries from which Nigeria imported goods in 2010 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from United States worth US$ 7,937 million, with a partner share of 17.94 percent.
  2. Nigeria imports from China worth US$ 7,324 million, with a partner share of 16.56 percent.
  3. Nigeria imports from France worth US$ 2,588 million, with a partner share of 5.85 percent.
  4. Nigeria imports from Antigua and Barbuda worth US$ 2,480 million, with a partner share of 5.61 percent.
  5. Nigeria imports from India worth US$ 2,377 million, with a partner share of 5.37 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 2010

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 60,904,645.73 (US$ Thousands).
  2. Nigeria exported Petroleum oils, etc, (excl. crude); preparation , worth 9,804,982.37 (US$ Thousands).
  3. Nigeria exported Natural gas, liquefied , worth 2,831,460.74 (US$ Thousands).
  4. Nigeria exported Goat or kid skin leather, prepared after tannin , worth 2,356,892.20 (US$ Thousands).
  5. Nigeria exported Butanes, liquefied , worth 1,593,532.73 (US$ Thousands).

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

  1. Nigeria imported Automobiles with reciprocating piston engine di , worth 2,353,516.04 (US$ Thousands).
  2. Nigeria imported Diesel powered trucks with a GVW not exceeding , worth 840,453.35 (US$ Thousands).
  3. Nigeria imported Spelt, common wheat and meslin , worth 795,319.51 (US$ Thousands).
  4. Nigeria imported Buses with a seating capacity of more than nine , worth 721,771.48 (US$ Thousands).
  5. Nigeria imported Diesel powered trucks with a GVW exceeding twen , worth 690,678.35 (US$ Thousands).

Exports and Imports of Product Groups 2010

Exports and imports of products by stages of processing in 2010 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2010

Tariffs imposed by Nigeria in 2010 are below

  • The maximum rate of tariff in percentage on any product was 35 percent.
  • The simple average tariff across all products was 11.06 percent.
  • The trade weighted average tariff was 10.70 .
  • The total duty free imports in thousands of US dollars were 1,230,016.70 and duty free tariff line items share was 2.79 percent.

Development Indicators 2010

Key Development Indicators of Nigeria in 2010 are below

  • Nigeria GDP in current US dollar was 366,991 million.
  • GNI per capita, Atlas method (current US$) was 2,130.00 .
  • Nigeria Trade balance: as % of GDP was 8.00.
  • Trade balance in current US$ was 29,361.00 million.
  • Trade as percentage of GDP was 43.32 .
  • Trade in services as percentage of GDP was 6.65 .

Trade Indicators 2010

Trade Indicators for Nigeria in 2010 are below

  • Hirschman Herfindahl market concentration index was 0.18.
  • Index of export market penetration was 2.75.
  • World Growth in percentage was 9.74 and Nigeria Country Growth was 22.75 .