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Nigeria Trade Summary

2018

Nigeria exports, imports, tariff by year.
Nigeria monthly trade data
Nigeria quarterly trade data

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 2018

Overall Exports and Imports for Nigeria 2018

Exports and imports of Nigeria in 2018 are below, along with number of countries and products

  • The total value of exports (FoB) was 62,400 million.
  • The total value of imports (CIF) was 43,012 million.
  • At the HS6 digit level, 490 products were exported to 116 countries and 3,980 products were imported from 199 countries.

Nigeria top 5 Export and Import partners 2018

Top five countries to which Nigeria exported in 2018 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to India worth US$ 9,907 million, with a partner share of 15.88 percent.
  2. Nigeria exports to Netherlands worth US$ 6,702 million, with a partner share of 10.74 percent.
  3. Nigeria exports to Spain worth US$ 6,319 million, with a partner share of 10.13 percent.
  4. Nigeria exports to France worth US$ 4,946 million, with a partner share of 7.93 percent.
  5. Nigeria exports to South Africa worth US$ 3,981 million, with a partner share of 6.38 percent.

Top five countries from which Nigeria imported goods in 2018 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from China worth US$ 8,349 million, with a partner share of 19.41 percent.
  2. Nigeria imports from Netherlands worth US$ 4,906 million, with a partner share of 11.41 percent.
  3. Nigeria imports from Korea, Rep. worth US$ 4,658 million, with a partner share of 10.83 percent.
  4. Nigeria imports from Belgium worth US$ 3,635 million, with a partner share of 8.45 percent.
  5. Nigeria imports from United States worth US$ 3,160 million, with a partner share of 7.35 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 2018

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 51,371,204.85 (US$ Thousands).
  2. Nigeria exported Natural gas, liquefied , worth 6,150,789.79 (US$ Thousands).
  3. Nigeria exported Tugs and pusher craft , worth 1,198,341.30 (US$ Thousands).
  4. Nigeria exported Petroleum gases and other gaseous hydrocarbons , worth 424,718.01 (US$ Thousands).
  5. Nigeria exported Cocoa beans, whole or broken, raw or roasted , worth 302,055.99 (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 12,489,416.73 (US$ Thousands).
  2. Nigeria imported Floating or submersible drilling or production , worth 3,851,708.72 (US$ Thousands).
  3. Nigeria imported Durum wheat , worth 1,321,039.47 (US$ Thousands).
  4. Nigeria imported Automobiles with diesel engine displacing more , worth 826,888.25 (US$ Thousands).
  5. Nigeria imported Motorcycles with reciprocating piston engine di , worth 677,112.25 (US$ Thousands).

Exports and Imports of Product Groups 2018

Exports and imports of products by stages of processing in 2018 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2018

Tariffs imposed by Nigeria in 2018 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 2018

Key Development Indicators of Nigeria in 2018 are below

  • Nigeria GDP in current US dollar was 421,739 million.
  • GNI per capita, Atlas method (current US$) was 1,980.00 .
  • Nigeria Trade balance: as % of GDP was -2.01.
  • Trade balance in current US$ was -8,494.00 million.
  • Trade as percentage of GDP was 33.01 .
  • Trade in services as percentage of GDP was 8.47 .

Trade Indicators 2018

Trade Indicators for Nigeria in 2018 are below

  • Hirschman Herfindahl market concentration index was 0.07.
  • Index of export market penetration was 3.56.
  • World Growth in percentage was 4.91 and Nigeria Country Growth was 15.24 .