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Nigeria Trade Summary

2017

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 2017

Overall Exports and Imports for Nigeria 2017

Exports and imports of Nigeria in 2017 are below, along with number of countries and products

  • The total value of exports (FoB) was 44,466 million.
  • The total value of imports (CIF) was 31,270 million.
  • At the HS6 digit level, 328 products were exported to 116 countries and 4,010 products were imported from 199 countries.

Nigeria top 5 Export and Import partners 2017

Top five countries to which Nigeria exported in 2017 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to India worth US$ 7,938 million, with a partner share of 17.85 percent.
  2. Nigeria exports to United States worth US$ 5,672 million, with a partner share of 12.76 percent.
  3. Nigeria exports to Spain worth US$ 4,401 million, with a partner share of 9.90 percent.
  4. Nigeria exports to Netherlands worth US$ 3,766 million, with a partner share of 8.47 percent.
  5. Nigeria exports to France worth US$ 3,411 million, with a partner share of 7.67 percent.

Top five countries from which Nigeria imported goods in 2017 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from China worth US$ 5,848 million, with a partner share of 18.70 percent.
  2. Nigeria imports from Belgium worth US$ 4,023 million, with a partner share of 12.86 percent.
  3. Nigeria imports from Netherlands worth US$ 2,876 million, with a partner share of 9.20 percent.
  4. Nigeria imports from United States worth US$ 2,494 million, with a partner share of 7.98 percent.
  5. Nigeria imports from India worth US$ 1,529 million, with a partner share of 4.89 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 2017

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 36,057,296.06 (US$ Thousands).
  2. Nigeria exported Natural gas, liquefied , worth 5,195,676.48 (US$ Thousands).
  3. Nigeria exported Petroleum gases and other gaseous hydrocarbons , worth 422,953.70 (US$ Thousands).
  4. Nigeria exported Petroleum gases and other gaseous hydrocarbons, , worth 196,893.84 (US$ Thousands).
  5. Nigeria exported Cocoa beans, whole or broken, raw or roasted , worth 191,078.73 (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 8,563,652.92 (US$ Thousands).
  2. Nigeria imported Durum wheat , worth 1,325,675.82 (US$ Thousands).
  3. Nigeria imported Granite, merely cut into a square or rectangula , worth 585,535.05 (US$ Thousands).
  4. Nigeria imported Raw cane sugar, in solid form , worth 581,265.09 (US$ Thousands).
  5. Nigeria imported Automobiles with diesel engine displacing more , worth 430,291.55 (US$ Thousands).

Exports and Imports of Product Groups 2017

Exports and imports of products by stages of processing in 2017 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2017

Tariffs imposed by Nigeria in 2017 are below

  • The maximum rate of tariff in percentage on any product was not available percent.
  • The simple average tariff across all products was not available percent.
  • The trade weighted average tariff was not available .
  • The total duty free imports in thousands of US dollars were not available and duty free tariff line items share was not available percent.

Development Indicators 2017

Key Development Indicators of Nigeria in 2017 are below

  • Nigeria GDP in current US dollar was 375,746 million.
  • GNI per capita, Atlas method (current US$) was 2,070.00 .
  • Nigeria Trade balance: as % of GDP was -0.00.
  • Trade balance in current US$ was -17.00 million.
  • Trade as percentage of GDP was 26.35 .
  • Trade in services as percentage of GDP was 6.20 .

Trade Indicators 2017

Trade Indicators for Nigeria in 2017 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 3.50.
  • World Growth in percentage was 5.17 and Nigeria Country Growth was 13.14 .