Nigeria Trade Summary

2014 Data

Nigeria exports, imports, tariff by year.

Country / 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

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

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HH Market concentration index: 0.06
Index of export market penetration: 2.75
World Growth: 0.12
Country Growth: -2.59

Tariffs

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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

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GDP (current US$ Mil): 568,499
GNI per capita, Atlas method (current US$): 2,980.00
Trade Balance (% of GDP): 5.99
Trade Balance (current US$ Mil): 34,025.00
Trade in services (% of GDP): 4.69
Trade (% of GDP): 30.89