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Nigeria Trade Summary

2013

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 2013

Overall Exports and Imports for Nigeria 2013

Exports and imports of Nigeria in 2013 are below, along with number of countries and products

  • The total value of exports (FoB) was 90,554 million.
  • The total value of imports (CIF) was 44,598 million.
  • At the HS6 digit level, 1,228 products were exported to 148 countries and 3,890 products were imported from 188 countries.

Nigeria top 5 Export and Import partners 2013

Top five countries to which Nigeria exported in 2013 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to India worth US$ 11,453 million, with a partner share of 12.65 percent.
  2. Nigeria exports to Netherlands worth US$ 9,520 million, with a partner share of 10.51 percent.
  3. Nigeria exports to Brazil worth US$ 8,576 million, with a partner share of 9.47 percent.
  4. Nigeria exports to United States worth US$ 7,670 million, with a partner share of 8.47 percent.
  5. Nigeria exports to Spain worth US$ 6,326 million, with a partner share of 6.99 percent.

Top five countries from which Nigeria imported goods in 2013 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from China worth US$ 9,679 million, with a partner share of 21.70 percent.
  2. Nigeria imports from United States worth US$ 3,900 million, with a partner share of 8.74 percent.
  3. Nigeria imports from Unspecified worth US$ 2,466 million, with a partner share of 5.53 percent.
  4. Nigeria imports from Netherlands worth US$ 2,418 million, with a partner share of 5.42 percent.
  5. Nigeria imports from United Kingdom worth US$ 2,338 million, with a partner share of 5.24 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 2013

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$ 74,953,784.34 million.
  2. Nigeria exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 2,426,067.63 million.
  3. Nigeria exported Technically specified natural rubber, in primar , worth US$ 2,422,029.21 million.
  4. Nigeria exported Natural gas, liquefied , worth US$ 1,847,473.16 million.
  5. Nigeria exported Cocoa beans, whole or broken, raw or roasted , worth US$ 1,542,736.35 million.

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 US$ 8,598,589.46 million.
  2. Nigeria imported Cigarettes containing tobacco , worth US$ 1,340,572.81 million.
  3. Nigeria imported Spelt, common wheat and meslin , worth US$ 1,246,361.16 million.
  4. Nigeria imported Technically specified natural rubber, in primar , worth US$ 978,597.02 million.
  5. Nigeria imported Raw cane sugar, in solid form , worth US$ 849,192.28 million.

Exports and Imports of Product Groups 2013

Exports and imports of products by stages of processing in 2013 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2013

Tariffs imposed by Nigeria in 2013 are below

  • The maximum rate of tariff in percentage on any product was 35 percent.
  • The simple average tariff across all products was 11.35 percent.
  • The trade weighted average tariff was 10.07 .
  • The total duty free imports in thousands of US dollars were 1,040,173.88 and duty free tariff line items share was 3.32 percent.

Development Indicators 2013

Key Development Indicators of Nigeria in 2013 are below

  • Nigeria GDP in current US dollar was 520,117 million.
  • GNI per capita, Atlas method (current US$) was 2,700.00 .
  • Nigeria Trade balance: as % of GDP was 5.05.
  • Trade balance in current US$ was 26,271.00 million.
  • Trade as percentage of GDP was 31.05 .
  • Trade in services as percentage of GDP was 4.65 .

Trade Indicators 2013

Trade Indicators for Nigeria in 2013 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 2.97.
  • World Growth in percentage was 1.18 and Nigeria Country Growth was -4.27 .