Nigeria Trade Summary

2020 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): 34,900
No. Of products: 359
No. Of partners: 115
Importsmore »
Imports (in US$ Mil): 55,455
No. Of products: 3,994
No. Of partners: 197

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Petroleum oils and o ...26,322,067.33
Natural gas, liquefi ...3,921,779.70
Vessels and other fl ...1,287,317.12
Petroleum gases and ...472,392.53
Floating docks and v ...448,769.42
Imports (US$ Thousands)
Petroleum oils, etc, ...8,068,701.95
Durum wheat2,116,530.04
Automobiles with die ...2,032,190.26
Vaccines for human m ...1,343,153.98
Motorcycles with rec ...1,175,302.26

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
India5,241 15.02
Spain3,796 10.88
Netherlands2,988 8.56
South Africa2,654 7.60
China1,766 5.06
Exporter Trade (US$ Mil) Partner share(%)
China15,947 28.76
United States5,024 9.06
India4,404 7.94
Netherlands4,326 7.80
Belgium2,084 3.76

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials27,200 77.94 4,133 7.45 8.72
Intermediate goods1,839 5.27 14,955 26.97 11.99
Consumer goods4,730 13.55 18,957 34.18 15.92
Capital goods1,118 3.20 17,403 31.38 8.69

Trade Indicators

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HH Market concentration index: 0.06
Index of export market penetration: 3.52
World Growth: -3.77
Country Growth: -17.86

Tariffs

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No Of Tariff Agreement: 2
Maximum Rate (%): 35
Simple Average (%): 12.75
Weighted Average (%): 12.37
Duty Free Imports (US$ Thousand): 1,734,335.43
Duty Free Tariff Lines Share (%): 2.19

Development Indicators

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GDP (current US$): 432,199
GNI per capita, Atlas method (current US$): 2,060.00
Trade Balance (% of GDP): -0.12
Trade Balance (current US$ Mil): -499.00
Trade in services (% of GDP): 5.51
Trade (% of GDP): 16.35