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Nigeria Trade Summary

2011

Nigeria exports, imports, tariff by year.
Nigeria monthly trade data
Nigeria quarterly trade data

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 2011

Overall Exports and Imports for Nigeria 2011

Exports and imports of Nigeria in 2011 are below, along with number of countries and products

  • The total value of exports (FoB) was 125,641 million.
  • The total value of imports (CIF) was 63,972 million.
  • At the HS6 digit level, 1,510 products were exported to 135 countries and 3,696 products were imported from 160 countries.

Nigeria top 5 Export and Import partners 2011

Top five countries to which Nigeria exported in 2011 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to United States worth US$ 28,328 million, with a partner share of 22.55 percent.
  2. Nigeria exports to India worth US$ 12,790 million, with a partner share of 10.18 percent.
  3. Nigeria exports to Brazil worth US$ 10,558 million, with a partner share of 8.40 percent.
  4. Nigeria exports to United Kingdom worth US$ 7,809 million, with a partner share of 6.22 percent.
  5. Nigeria exports to Spain worth US$ 7,413 million, with a partner share of 5.90 percent.

Top five countries from which Nigeria imported goods in 2011 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from United States worth US$ 11,517 million, with a partner share of 18.00 percent.
  2. Nigeria imports from China worth US$ 9,448 million, with a partner share of 14.77 percent.
  3. Nigeria imports from Antigua and Barbuda worth US$ 4,538 million, with a partner share of 7.09 percent.
  4. Nigeria imports from Brazil worth US$ 3,550 million, with a partner share of 5.55 percent.
  5. Nigeria imports from Germany worth US$ 3,013 million, with a partner share of 4.71 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 2011

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 90,118,895.36 (US$ Thousands).
  2. Nigeria exported Petroleum oils, etc, (excl. crude); preparation , worth 15,176,217.63 (US$ Thousands).
  3. Nigeria exported Technically specified natural rubber, in primar , worth 7,406,363.72 (US$ Thousands).
  4. Nigeria exported Natural gas, liquefied , worth 5,908,293.65 (US$ Thousands).
  5. Nigeria exported Cocoa beans, whole or broken, raw or roasted , worth 958,769.54 (US$ Thousands).

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

  1. Nigeria imported Petroleum oils, etc, (excl. crude); preparation , worth 5,815,249.69 (US$ Thousands).
  2. Nigeria imported Stuffed pasta , worth 3,744,991.43 (US$ Thousands).
  3. Nigeria imported Spelt, common wheat and meslin , worth 3,417,758.93 (US$ Thousands).
  4. Nigeria imported Cocoa beans, whole or broken, raw or roasted , worth 1,622,527.11 (US$ Thousands).
  5. Nigeria imported Semi-milled or wholly milled rice , worth 1,552,148.66 (US$ Thousands).

Exports and Imports of Product Groups 2011

Exports and imports of products by stages of processing in 2011 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2011

Tariffs imposed by Nigeria in 2011 are below

  • The maximum rate of tariff in percentage on any product was 35 percent.
  • The simple average tariff across all products was 11.16 percent.
  • The trade weighted average tariff was 10.15 .
  • The total duty free imports in thousands of US dollars were 1,063,003.94 and duty free tariff line items share was 2.76 percent.

Development Indicators 2011

Key Development Indicators of Nigeria in 2011 are below

  • Nigeria GDP in current US dollar was 414,467 million.
  • GNI per capita, Atlas method (current US$) was 2,180.00 .
  • Nigeria Trade balance: as % of GDP was 9.96.
  • Trade balance in current US$ was 41,264.00 million.
  • Trade as percentage of GDP was 53.28 .
  • Trade in services as percentage of GDP was 6.75 .

Trade Indicators 2011

Trade Indicators for Nigeria in 2011 are below

  • Hirschman Herfindahl market concentration index was 0.13.
  • Index of export market penetration was 2.82.
  • World Growth in percentage was 9.23 and Nigeria Country Growth was 17.25 .