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Nigeria Trade Summary

2019

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 2019

Overall Exports and Imports for Nigeria 2019

Exports and imports of Nigeria in 2019 are below, along with number of countries and products

  • The total value of exports (FoB) was 53,618 million.
  • The total value of imports (CIF) was 47,369 million.
  • At the HS6 digit level, 434 products were exported to 111 countries and 4,048 products were imported from 199 countries.

Nigeria top 5 Export and Import partners 2019

Top five countries to which Nigeria exported in 2019 are below, along with the percent of total exports that went to that country:

  1. Nigeria exports to India worth US$ 8,263 million, with a partner share of 15.41 percent.
  2. Nigeria exports to Spain worth US$ 5,319 million, with a partner share of 9.92 percent.
  3. Nigeria exports to Netherlands worth US$ 4,868 million, with a partner share of 9.08 percent.
  4. Nigeria exports to Ghana worth US$ 4,003 million, with a partner share of 7.47 percent.
  5. Nigeria exports to France worth US$ 3,550 million, with a partner share of 6.62 percent.

Top five countries from which Nigeria imported goods in 2019 are below, along with percent of total imports that came from the country :

  1. Nigeria imports from China worth US$ 12,060 million, with a partner share of 25.46 percent.
  2. Nigeria imports from India worth US$ 5,703 million, with a partner share of 12.04 percent.
  3. Nigeria imports from United States worth US$ 4,678 million, with a partner share of 9.88 percent.
  4. Nigeria imports from Netherlands worth US$ 3,493 million, with a partner share of 7.37 percent.
  5. Nigeria imports from Belgium worth US$ 2,376 million, with a partner share of 5.02 percent.

Nigeria Top 5 Productsexports imports at HS 6 digit level 2019

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 US$ 41,039,870.94 million.
  2. Nigeria exported Natural gas, liquefied , worth US$ 4,980,112.62 million.
  3. Nigeria exported Vessels and other floating structures for break , worth US$ 2,256,025.76 million.
  4. Nigeria exported Tubing, flexible, with or without fittings of i , worth US$ 2,096,106.18 million.
  5. Nigeria exported Floating or submersible drilling or production , worth US$ 549,691.03 million.

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 US$ 7,060,767.11 million.
  2. Nigeria imported Electro-diagnostic apparatus, nes , worth US$ 2,384,513.15 million.
  3. Nigeria imported Automobiles with diesel engine displacing more , worth US$ 1,681,368.11 million.
  4. Nigeria imported Laboratory,hygienic or pharmaceutical glsware e , worth US$ 1,444,305.56 million.
  5. Nigeria imported Motorcycles with reciprocating piston engine di , worth US$ 1,336,824.13 million.

Exports and Imports of Product Groups 2019

Exports and imports of products by stages of processing in 2019 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2019

Tariffs imposed by Nigeria in 2019 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 2019

Key Development Indicators of Nigeria in 2019 are below

  • Nigeria GDP in current US dollar was 448,120 million.
  • GNI per capita, Atlas method (current US$) was 2,030.00 .
  • Nigeria Trade balance: as % of GDP was -5.58.
  • Trade balance in current US$ was -25,014.00 million.
  • Trade as percentage of GDP was 34.02 .
  • Trade in services as percentage of GDP was 9.74 .

Trade Indicators 2019

Trade Indicators for Nigeria in 2019 are below

  • Hirschman Herfindahl market concentration index was 0.07.
  • Index of export market penetration was 3.20.
  • World Growth in percentage was -1.13 and Nigeria Country Growth was -5.86 .