Nigeria Trade Summary

2021 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): 47,232
No. Of products: 608
No. Of partners: 136
Importsmore »
Imports (in US$ Mil): 52,068
No. Of products: 4,013
No. Of partners: 201

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Petroleum oils and o ...35,998,144.40
Natural gas, liquefi ...4,934,453.94
Floating or submersi ...1,170,082.49
Urea906,350.45
Petroleum gases and ...594,871.47
Imports (US$ Thousands)
Petroleum oils, etc, ...15,730,602.17
Durum wheat2,689,681.47
Automobiles with die ...925,189.16
Other medicaments of ...922,432.74
Raw cane sugar, in s ...894,772.08

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
India7,734 16.37
Spain5,576 11.81
France2,974 6.30
Netherlands2,836 6.00
Canada2,143 4.54
Exporter Trade (US$ Mil) Partner share(%)
China12,879 24.73
Netherlands5,351 10.28
India4,599 8.83
Belgium3,782 7.26
United States3,179 6.10

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials37,394 79.17 3,965 7.62 8.42
Intermediate goods2,171 4.60 11,855 22.77 11.65
Consumer goods6,116 12.95 23,559 45.25 15.85
Capital goods1,513 3.20 12,690 24.37 8.69

Trade Indicators

more »
HH Market concentration index: 0.06
Index of export market penetration: 4.16
World Growth: 12.50
Country Growth: 18.35

Tariffs

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No Of Tariff Agreement: 2
Maximum Rate (%): 35
Simple Average (%): 12.70
Weighted Average (%): 12.20
Duty Free Imports (US$ Thousand): 2,017,260.62
Duty Free Tariff Lines Share (%): 3.03

Development Indicators

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GDP (current US$): 440,834
GNI per capita, Atlas method (current US$): 2,120.00
Trade Balance (% of GDP): -1.10
Trade Balance (current US$ Mil): -4,848.00
Trade in services (% of GDP): 4.55
Trade (% of GDP): 22.58