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Nigeria Trade Summary

2022

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 2022

Overall Exports and Imports for Nigeria 2022

Exports and imports of Nigeria in 2022 are below, along with number of countries and products

  • The total value of exports (FoB) was 63,417 million.
  • The total value of imports (CIF) was 60,671 million.
  • At the HS6 digit level, 537 products were exported to 125 countries and 3,971 products were imported from 197 countries.

Nigeria top 5 Export and Import partners 2022

Top five countries to which Nigeria exported in 2022 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to India worth US$ 8,013 million, with a partner share of 12.64 percent.
  2. Nigeria exports to Spain worth US$ 7,583 million, with a partner share of 11.96 percent.
  3. Nigeria exports to Netherlands worth US$ 6,082 million, with a partner share of 9.59 percent.
  4. Nigeria exports to Indonesia worth US$ 4,706 million, with a partner share of 7.42 percent.
  5. Nigeria exports to United States worth US$ 4,408 million, with a partner share of 6.95 percent.

Top five countries from which Nigeria imported goods in 2022 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from China worth US$ 13,767 million, with a partner share of 22.69 percent.
  2. Nigeria imports from Netherlands worth US$ 6,289 million, with a partner share of 10.37 percent.
  3. Nigeria imports from Belgium worth US$ 6,266 million, with a partner share of 10.33 percent.
  4. Nigeria imports from India worth US$ 4,810 million, with a partner share of 7.93 percent.
  5. Nigeria imports from United States worth US$ 3,376 million, with a partner share of 5.57 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 2022

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 49,932,928.90 (US$ Thousands).
  2. Nigeria exported Natural gas, liquefied , worth 6,753,712.24 (US$ Thousands).
  3. Nigeria exported Urea , worth 1,917,537.35 (US$ Thousands).
  4. Nigeria exported Floating or submersible drilling or production , worth 562,456.13 (US$ Thousands).
  5. Nigeria exported Cocoa beans, whole or broken, raw or roasted , worth 555,393.87 (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 23,617,528.61 (US$ Thousands).
  2. Nigeria imported Durum wheat , worth 2,235,042.78 (US$ Thousands).
  3. Nigeria imported Raw cane sugar, in solid form , worth 846,519.25 (US$ Thousands).
  4. Nigeria imported Automobiles with diesel engine displacing more , worth 778,026.05 (US$ Thousands).
  5. Nigeria imported Transmission apparatus, for radioteleph incorpo , worth 653,302.28 (US$ Thousands).

Exports and Imports of Product Groups 2022

Exports and imports of products by stages of processing in 2022 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2022

Tariffs imposed by Nigeria in 2022 are below

  • The maximum rate of tariff in percentage on any product was 35 percent.
  • The simple average tariff across all products was 11.93 percent.
  • The trade weighted average tariff was 9.37 .
  • The total duty free imports in thousands of US dollars were 1,709,626.05 and duty free tariff line items share was 3.64 percent.

Development Indicators 2022

Key Development Indicators of Nigeria in 2022 are below

  • Nigeria GDP in current US dollar was 477,386 million.
  • GNI per capita, Atlas method (current US$) was 2,140.00 .
  • Nigeria Trade balance: as % of GDP was not available.
  • Trade balance in current US$ was not available.
  • Trade as percentage of GDP was not available .
  • Trade in services as percentage of GDP was 4.96 .

Trade Indicators 2022

Trade Indicators for Nigeria in 2022 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 4.04.
  • World Growth in percentage was 5.18 and Nigeria Country Growth was 12.91 .