Nigeria Trade

Latest trade data available from various sources.

Please note: The data from various sources are not from the same year.
Nigeria monthly trade data
Nigeria quarterly trade data

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For viewing trade, tariff data for country or region by year click here.
Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

TRADE SUMMARY FOR Nigeria

2018

Overall Exports and Imports

Exports
Exports (in US$ Mil) 62,400
No. Of products 491
No. Of partners 116
Imports
Imports (in US$ Mil) 43,012
No. Of products 3,980
No. Of partners 199

Trade Indicator

HH Market concentration index0.08
Index of export market penetration3.15
World Growth3.50
Country Growth15.49

Service Indicators 2018

Service imports (BoP, current US$)30,883,664,001.00
Service exports (BoP, current US$)4,817,775,565.00
Imports of goods and services (% of GDP)17.51
Exports of goods and services (% of GDP)15.49

Nigeria top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
India9,907 15.88
Netherlands6,702 10.74
Spain6,319 10.13
France4,946 7.93
South Africa3,981 6.38
Exporter Trade (US$ Mil) Partner share(%)
China8,349 19.41
Netherlands4,906 11.41
Korea, Rep.4,658 10.83
Belgium3,635 8.45
United States3,160 7.35

Nigeria Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials52,394 83.96 2,624 6.10 9.24
Intermediate goods1,280 2.05 8,479 19.71 6.80
Consumer goods7,410 11.87 17,794 41.37 11.66
Capital goods1,295 2.07 14,110 32.81 7.48

Top 5 Products exports imports at HS 6 digit level

Exports
Petroleum oils and o ...51,371,239.56
Natural gas, liquefi ...6,150,794.49
Tugs and pusher craf ...1,198,341.30
Petroleum gases and ...424,718.01
Cocoa beans, whole o ...302,055.99
Imports
Petroleum oils, etc, ...12,489,419.32
Floating or submersi ...3,851,708.72
Durum wheat1,321,039.47
Automobiles with die ...826,888.02
Motorcycles with rec ...677,113.15

Tariff and Trade Barriers for Nigeria

Tariffs 2016

No. Of Tariff Agreement 2
Simple Average (%) 11.48
Duty Free Imports (US$ Thousand) 1,667,625.33
Maximum Rate (%) 35
Weighted Average (%) 8.52
Duty Free Tariff Lines Share (%) 6.05

Overall Trade Restrictiveness Index (OTRI) 2009

OTRI »
Overall Trade Restrictiveness Index - MFN Tariff (2009)0.32
Overall Trade Restrictiveness Index - Applied Tariff (2009)0.32

Services Service Policy Restrictive Database (SPRD)

SPRD »
Services Trade Restrictions Index - Over All27.10

Non-Tariff Measures (NTM) 2013

No Of NTM Measures (2013)28
No Of NTM Affected Products (HS 6 Digit) (2013)4,329

Temporary Trade Barriers Database (TTDB)

TTDB »
Temporary Trade Barriers in Effect - Simple Average...
Temporary Trade Barriers in Effect - Weighted Average...

World Development Indicators (WDI)

2018 WDI »
Population195,874,740
GDP (current US$ Mil)397,270
GNI per capita, Atlas method (current US$)1,960.00
Trade Balance (current US$ Mil)-8,000.00
Trade Balance (% of GDP)-2.01

Doing Business

2018 Doing Business »
Ease of Doing Business Rank145
Trading Across Borders Rank183

Country Policy and Institutional Assessment (CPIA)

2018 CPIA »
CPIA Trade Ratings3.50

Logistics Performance Index (LPI)

2016 LPI »
LPI Score2.63
LPI Rank90