Overall Exports and Imports for Nigeria 2023
- The total value of exports (FOB) is US$ 65,129 million.
- The total value of imports (CIF) is US$ 65,048 million.
- At the HS6 digit level, 633 products are exported to 125 countries and 3,949 products are imported from 194 countries.
Top 5 Products exports imports at HS 6 digit level 2023
The top five exported HS 6 digit level products to world by Nigeria along with trade value are:
- Nigeria exported Petroleum oils and oils obtained from bituminou , worth 52,520,992.08 (US$ Thousands).
- Nigeria exported Natural gas, liquefied , worth 5,965,547.90 (US$ Thousands).
- Nigeria exported Urea , worth 1,067,751.90 (US$ Thousands).
- Nigeria exported Cocoa beans, whole or broken, raw or roasted , worth 669,988.56 (US$ Thousands).
- Nigeria exported Petroleum gases and other gaseous hydrocarbons , worth 653,969.47 (US$ Thousands).
The top five imported HS 6 digit level products from world by Nigeria along with trade value are
- Nigeria imported Petroleum oils, etc, (excl. crude); preparation , worth 21,412,981.57 (US$ Thousands).
- Nigeria imported Tanks and other armoured fighting vehicles, mot , worth 9,174,843.95 (US$ Thousands).
- Nigeria imported Durum wheat , worth 2,156,534.12 (US$ Thousands).
- Nigeria imported Automobiles with diesel engine displacing more , worth 1,928,823.43 (US$ Thousands).
- Nigeria imported Raw cane sugar, in solid form , worth 1,052,984.40 (US$ Thousands).
Nigeria top 5 Export and Import partners 2023
The top five countries to which Nigeria exported 2023 along with the partner share in percentage are:
- Nigeria exports to Netherlands worth US$ 8,179 million, with a partner share of 12.56 percent.
- Nigeria exports to Spain worth US$ 6,133 million, with a partner share of 9.42 percent.
- Nigeria exports to India worth US$ 5,447 million, with a partner share of 8.36 percent.
- Nigeria exports to United States worth US$ 4,860 million, with a partner share of 7.46 percent.
- Nigeria exports to Indonesia worth US$ 4,262 million, with a partner share of 6.54 percent.
The top five countries to which Nigeria imported goods 2023 along with the share in percentage are
- Nigeria imports from China worth US$ 11,953 million, with a partner share of 18.38 percent.
- Nigeria imports from Singapore worth US$ 9,327 million, with a partner share of 14.34 percent.
- Nigeria imports from Belgium worth US$ 6,119 million, with a partner share of 9.41 percent.
- Nigeria imports from India worth US$ 5,230 million, with a partner share of 8.04 percent.
- Nigeria imports from United States worth US$ 4,040 million, with a partner share of 6.21 percent.
Nigeria Exports and Imports of Product Groups 2023
Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import.
- Nigeria Raw materials exports are worth US$ 54,668 million, product share of 83.94%.
- Nigeria Raw materials imports are worth US$ 3,382 million, product share of 5.20%.
- Nigeria Intermediate goods exports are worth US$ 2,658 million, product share of 4.08%.
- Nigeria Intermediate goods imports are worth US$ 10,064 million, product share of 15.47%.
- Nigeria Consumer goods exports are worth US$ 7,465 million, product share of 11.46%.
- Nigeria Consumer goods imports are worth US$ 29,797 million, product share of 45.81%.
- Nigeria Capital goods exports are worth US$ 331 million, product share of 0.51%.
- Nigeria Capital goods imports are worth US$ 20,084 million, product share of 30.88%.
Nigeria Trade Indicators 2023
- Hirschman Herfindahl Market concentration index is 0.05.
- Index of export market penetration is 0.05.
- World Growth in percentage is 0.05 and Nigeria Country Growth is -6.40.
Nigeria Service Trade data from WDI
- Nigeria, Service imports (BoP, current US$) is 17,677,017,598.90.
- Nigeria, Service exports (BoP, current US$) is 4,440,604,822.03.
- Nigeria, Imports of goods and services as percentage of GDP is not available.
- Nigeria, Exports of goods and services as percentage of GDP is not available.