Nigeria Trade Summary

2014 Data

Nigeria exports, imports, tariff by year.

Country / Region
Year
For at a glance i.e. latest available trade, tariff, trade barriers and other trade related data Click Here.
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

Overall Exports and Imports

Exportsmore »
Exports (in US$ Mil): 102,878
No. Of products: 990
No. Of partners: 151
Importsmore »
Imports (in US$ Mil): 46,532
No. Of products: 4,036
No. Of partners: 195

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Petroleum oils and o ...75,033,422.63
Natural gas, liquefi ...8,751,197.10
Petroleum oils, etc, ...6,257,071.21
Propane, liquefied2,116,487.62
Liquid or liquefied- ...1,898,853.01
Imports (US$ Thousands)
Petroleum oils, etc, ...7,103,364.34
Spelt, common wheat ...1,689,221.40
Motorcycles with rec ...989,861.18
Raw cane sugar, in s ...838,641.54
Mach-tls for wrkg st ...750,826.40

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
India14,981 14.56
Netherlands10,493 10.20
Spain9,578 9.31
Brazil8,316 8.08
France5,898 5.73
Exporter Trade (US$ Mil) Partner share(%)
China10,202 21.92
United States4,834 10.39
Belgium3,370 7.24
Netherlands2,842 6.11
India2,774 5.96

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials76,803 74.65 3,486 7.49 7.22
Intermediate goods1,510 1.47 13,142 28.24 9.78
Consumer goods21,704 21.10 16,087 34.57 15.11
Capital goods2,859 2.78 13,797 29.65 8.73

Trade Indicators

more »
HH Market concentration index: 0.06
Index of export market penetration: 2.85
World Growth: 0.08
Country Growth: -2.47

Tariffs

more »
No Of Tariff Agreement: 1
Maximum Rate (%): 35
Simple Average (%): 11.76
Weighted Average (%): 11.34
Duty Free Imports (US$ Thousand): 1,777,911.49
Duty Free Tariff Lines Share (%): 6.11

Development Indicators

more »
GDP (current US$): 574,184
GNI per capita, Atlas method (current US$): 2,970.00
Trade Balance (% of GDP): 5.99
Trade Balance (current US$ Mil): 34,365.00
Trade in services (% of GDP): 4.69
Trade (% of GDP): 30.89