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Nigeria Trade Summary

2015

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 2015

Overall Exports and Imports for Nigeria 2015

Exports and imports of Nigeria in 2015 are below, along with number of countries and products

  • The total value of exports (FoB) was 48,433 million.
  • The total value of imports (CIF) was 33,831 million.
  • At the HS6 digit level, 1,002 products were exported to 156 countries and 4,004 products were imported from 192 countries.

Nigeria top 5 Export and Import partners 2015

Top five countries to which Nigeria exported in 2015 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to India worth US$ 8,397 million, with a partner share of 17.34 percent.
  2. Nigeria exports to Netherlands worth US$ 5,737 million, with a partner share of 11.84 percent.
  3. Nigeria exports to Spain worth US$ 4,589 million, with a partner share of 9.47 percent.
  4. Nigeria exports to Brazil worth US$ 3,192 million, with a partner share of 6.59 percent.
  5. Nigeria exports to South Africa worth US$ 2,646 million, with a partner share of 5.46 percent.

Top five countries from which Nigeria imported goods in 2015 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from China worth US$ 7,875 million, with a partner share of 23.28 percent.
  2. Nigeria imports from United States worth US$ 2,958 million, with a partner share of 8.74 percent.
  3. Nigeria imports from Belgium worth US$ 2,527 million, with a partner share of 7.47 percent.
  4. Nigeria imports from Netherlands worth US$ 2,098 million, with a partner share of 6.20 percent.
  5. Nigeria imports from India worth US$ 2,064 million, with a partner share of 6.10 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 2015

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 34,380,007.80 (US$ Thousands).
  2. Nigeria exported Natural gas, liquefied , worth 5,343,085.56 (US$ Thousands).
  3. Nigeria exported Propane, liquefied , worth 1,400,737.92 (US$ Thousands).
  4. Nigeria exported Floating docks and vessels which perform specia , worth 1,330,348.40 (US$ Thousands).
  5. Nigeria exported Petroleum oils, etc, (excl. crude); preparation , worth 718,280.14 (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 6,081,099.59 (US$ Thousands).
  2. Nigeria imported Durum wheat , worth 756,704.24 (US$ Thousands).
  3. Nigeria imported Motorcycles with reciprocating piston engine di , worth 630,048.50 (US$ Thousands).
  4. Nigeria imported Semi-milled or wholly milled rice , worth 478,000.00 (US$ Thousands).
  5. Nigeria imported Mach-tls for wrkg ston/ceram/concr/asb-cement e , worth 374,326.30 (US$ Thousands).

Exports and Imports of Product Groups 2015

Exports and imports of products by stages of processing in 2015 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2015

Tariffs imposed by Nigeria in 2015 are below

  • The maximum rate of tariff in percentage on any product was 35 percent.
  • The simple average tariff across all products was 11.27 percent.
  • The trade weighted average tariff was 8.22 .
  • The total duty free imports in thousands of US dollars were 1,636,056.97 and duty free tariff line items share was 4.05 percent.

Development Indicators 2015

Key Development Indicators of Nigeria in 2015 are below

  • Nigeria GDP in current US dollar was 493,027 million.
  • GNI per capita, Atlas method (current US$) was 2,850.00 .
  • Nigeria Trade balance: as % of GDP was 0.00.
  • Trade balance in current US$ was 0.00 million.
  • Trade as percentage of GDP was 21.33 .
  • Trade in services as percentage of GDP was 4.62 .

Trade Indicators 2015

Trade Indicators for Nigeria in 2015 are below

  • Hirschman Herfindahl market concentration index was 0.07.
  • Index of export market penetration was 2.97.
  • World Growth in percentage was -6.31 and Nigeria Country Growth was -25.04 .