Nigeria Trade Summary

2016 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): 32,883
No. Of products: 274
No. Of partners: 115
Importsmore »
Imports (in US$ Mil): 35,194
No. Of products: 3,971
No. Of partners: 181

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Petroleum oils and o ...26,979,833.38
Natural gas, liquefi ...3,846,749.09
Petroleum gases and ...300,500.17
Cocoa beans, whole o ...230,740.08
Propane, liquefied151,143.42
Imports (US$ Thousands)
Petroleum oils, etc, ...9,876,213.14
Durum wheat1,087,813.06
Raw cane sugar, in s ...683,188.11
Motorcycles with rec ...300,977.89
Mixtures of odorifer ...290,160.06

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
India5,934 18.05
United States3,976 12.09
Spain3,030 9.21
Netherlands2,574 7.83
France2,064 6.28
Exporter Trade (US$ Mil) Partner share(%)
China6,923 19.67
Belgium4,268 12.13
Netherlands4,102 11.66
United States2,819 8.01
India1,799 5.11

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials27,426 83.40 2,176 6.18 9.24
Intermediate goods518 1.57 8,235 23.40 6.80
Consumer goods4,824 14.67 14,816 42.10 11.66
Capital goods27 0.08 9,793 27.82 7.48

Trade Indicators

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HH Market concentration index: 0.08
Index of export market penetration: 3.35
World Growth: -1.38
Country Growth: -17.00

Tariffs

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No Of Tariff Agreement: 2
Maximum Rate (%): 35
Simple Average (%): 11.48
Weighted Average (%): 8.52
Duty Free Imports (US$ Thousand): 1,667,625.33
Duty Free Tariff Lines Share (%): 6.05

Development Indicators

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GDP (current US$): 404,649
GNI per capita, Atlas method (current US$): 2,440.00
Trade Balance (% of GDP): -2.29
Trade Balance (current US$ Mil): -9,251.00
Trade in services (% of GDP): 3.83
Trade (% of GDP): 20.72