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Nigeria Trade Summary

2012

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 2012

Overall Exports and Imports for Nigeria 2012

Exports and imports of Nigeria in 2012 are below, along with number of countries and products

  • The total value of exports (FoB) was 143,151 million.
  • The total value of imports (CIF) was 35,873 million.
  • At the HS6 digit level, 972 products were exported to 148 countries and 3,809 products were imported from 173 countries.

Nigeria top 5 Export and Import partners 2012

Top five countries to which Nigeria exported in 2012 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to United States worth US$ 24,139 million, with a partner share of 16.86 percent.
  2. Nigeria exports to India worth US$ 15,895 million, with a partner share of 11.10 percent.
  3. Nigeria exports to Brazil worth US$ 10,791 million, with a partner share of 7.54 percent.
  4. Nigeria exports to Netherlands worth US$ 9,958 million, with a partner share of 6.96 percent.
  5. Nigeria exports to United Kingdom worth US$ 9,042 million, with a partner share of 6.32 percent.

Top five countries from which Nigeria imported goods in 2012 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from China worth US$ 7,715 million, with a partner share of 21.51 percent.
  2. Nigeria imports from United States worth US$ 4,887 million, with a partner share of 13.62 percent.
  3. Nigeria imports from India worth US$ 2,888 million, with a partner share of 8.05 percent.
  4. Nigeria imports from Brazil worth US$ 2,868 million, with a partner share of 7.99 percent.
  5. Nigeria imports from United Kingdom worth US$ 2,361 million, with a partner share of 6.58 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 2012

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 US$ 99,054,529.63 million.
  2. Nigeria exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 12,279,087.78 million.
  3. Nigeria exported Technically specified natural rubber, in primar , worth US$ 9,384,781.84 million.
  4. Nigeria exported Natural gas, liquefied , worth US$ 5,569,894.42 million.
  5. Nigeria exported Ethylene, propylene, butylene and butadiene, li , worth US$ 3,308,367.52 million.

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 US$ 1,662,195.65 million.
  2. Nigeria imported Semi-milled or wholly milled rice , worth US$ 1,466,447.81 million.
  3. Nigeria imported Spelt, common wheat and meslin , worth US$ 1,428,349.48 million.
  4. Nigeria imported Raw cane sugar, in solid form , worth US$ 842,116.90 million.
  5. Nigeria imported Automobiles with reciprocating piston engine di , worth US$ 789,918.02 million.

Exports and Imports of Product Groups 2012

Exports and imports of products by stages of processing in 2012 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2012

Tariffs imposed by Nigeria in 2012 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 2012

Key Development Indicators of Nigeria in 2012 are below

  • Nigeria GDP in current US dollar was 459,376 million.
  • GNI per capita, Atlas method (current US$) was 2,460.00 .
  • Nigeria Trade balance: as % of GDP was 18.56.
  • Trade balance in current US$ was 85,264.00 million.
  • Trade as percentage of GDP was 44.53 .
  • Trade in services as percentage of GDP was 5.73 .

Trade Indicators 2012

Trade Indicators for Nigeria in 2012 are below

  • Hirschman Herfindahl market concentration index was 0.07.
  • Index of export market penetration was 2.94.
  • World Growth in percentage was -0.01 and Nigeria Country Growth was -1.39 .