Loading..

Nigeria Trade Summary

2016

Nigeria exports, imports, tariff by year.

Country and 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 2016

Overall Exports and Imports for Nigeria 2016

Exports and imports of Nigeria in 2016 are below, along with number of countries and products

  • The total value of exports (FoB) was 32,883 million.
  • The total value of imports (CIF) was 35,194 million.
  • At the HS6 digit level, 274 products were exported to 115 countries and 3,971 products were imported from 181 countries.

Nigeria top 5 Export and Import partners 2016

Top five countries to which Nigeria exported in 2016 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to India worth US$ 5,934 million, with a partner share of 18.05 percent.
  2. Nigeria exports to United States worth US$ 3,976 million, with a partner share of 12.09 percent.
  3. Nigeria exports to Spain worth US$ 3,030 million, with a partner share of 9.21 percent.
  4. Nigeria exports to Netherlands worth US$ 2,574 million, with a partner share of 7.83 percent.
  5. Nigeria exports to France worth US$ 2,064 million, with a partner share of 6.28 percent.

Top five countries from which Nigeria imported goods in 2016 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from China worth US$ 6,923 million, with a partner share of 19.67 percent.
  2. Nigeria imports from Belgium worth US$ 4,268 million, with a partner share of 12.13 percent.
  3. Nigeria imports from Netherlands worth US$ 4,102 million, with a partner share of 11.66 percent.
  4. Nigeria imports from United States worth US$ 2,819 million, with a partner share of 8.01 percent.
  5. Nigeria imports from India worth US$ 1,799 million, with a partner share of 5.11 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 2016

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 26,979,833.38 (US$ Thousands).
  2. Nigeria exported Natural gas, liquefied , worth 3,846,749.09 (US$ Thousands).
  3. Nigeria exported Petroleum gases and other gaseous hydrocarbons , worth 300,500.17 (US$ Thousands).
  4. Nigeria exported Cocoa beans, whole or broken, raw or roasted , worth 230,740.08 (US$ Thousands).
  5. Nigeria exported Propane, liquefied , worth 151,143.42 (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 9,876,213.14 (US$ Thousands).
  2. Nigeria imported Durum wheat , worth 1,087,813.06 (US$ Thousands).
  3. Nigeria imported Raw cane sugar, in solid form , worth 683,188.11 (US$ Thousands).
  4. Nigeria imported Motorcycles with reciprocating piston engine di , worth 300,977.89 (US$ Thousands).
  5. Nigeria imported Mixtures of odoriferous substances, for the foo , worth 290,160.06 (US$ Thousands).

Exports and Imports of Product Groups 2016

Exports and imports of products by stages of processing in 2016 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2016

Tariffs imposed by Nigeria in 2016 are below

  • The maximum rate of tariff in percentage on any product was 35 percent.
  • The simple average tariff across all products was 11.48 percent.
  • The trade weighted average tariff was 8.52 .
  • The total duty free imports in thousands of US dollars were 1,667,625.33 and duty free tariff line items share was 6.05 percent.

Development Indicators 2016

Key Development Indicators of Nigeria in 2016 are below

  • Nigeria GDP in current US dollar was 404,649 million.
  • GNI per capita, Atlas method (current US$) was 2,440.00 .
  • Nigeria Trade balance: as % of GDP was -2.29.
  • Trade balance in current US$ was -9,251.00 million.
  • Trade as percentage of GDP was 20.72 .
  • Trade in services as percentage of GDP was 3.83 .

Trade Indicators 2016

Trade Indicators for Nigeria in 2016 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 3.36.
  • World Growth in percentage was -1.35 and Nigeria Country Growth was -16.98 .