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

2019

Overall Exports and Imports

Exports
Exports (in US$ Mil) 53,618
No. Of products 434
No. Of partners 111
Imports
Imports (in US$ Mil) 47,369
No. Of products 4,048
No. Of partners 199

Trade Indicator

HH Market concentration index0.07
Index of export market penetration3.20
World Growth-1.13
Country Growth-5.86

Service Indicators 2019

Service imports (BoP, current US$)38,710,165,612.00
Service exports (BoP, current US$)4,949,173,917.00
Imports of goods and services (% of GDP)19.80
Exports of goods and services (% of GDP)14.22

Nigeria top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
India8,263 15.41
Spain5,319 9.92
Netherlands4,868 9.08
Ghana4,003 7.47
France3,550 6.62
Exporter Trade (US$ Mil) Partner share(%)
China12,060 25.46
India5,703 12.04
United States4,678 9.88
Netherlands3,493 7.37
Belgium2,376 5.02

Nigeria Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials41,833 78.02 2,556 5.40 9.24
Intermediate goods4,989 9.30 8,586 18.12 6.80
Consumer goods5,775 10.77 17,473 36.89 11.66
Capital goods1,012 1.89 18,753 39.59 7.48

Top 5 Products exports imports at HS 6 digit level

Exports
Petroleum oils and o ...41,039,870.94
Natural gas, liquefi ...4,980,112.62
Vessels and other fl ...2,256,025.76
Tubing, flexible, wi ...2,096,106.18
Floating or submersi ...549,691.03
Imports
Petroleum oils, etc, ...7,060,767.11
Electro-diagnostic a ...2,384,513.15
Automobiles with die ...1,681,368.11
Laboratory,hygienic ...1,444,305.56
Motorcycles with rec ...1,336,824.13

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)

2019 WDI »
Population195,874,740
GDP (current US$ Mil)448,120
GNI per capita, Atlas method (current US$)2,030.00
Trade Balance (current US$ Mil)-25,014.00
Trade Balance (% of GDP)-5.58

Doing Business

2019 Doing Business »
Ease of Doing Business Rank131
Trading Across Borders Rank179

Country Policy and Institutional Assessment (CPIA)

2018 CPIA »
CPIA Trade Ratings3.50

Logistics Performance Index (LPI)

2016 LPI »
LPI Score2.63
LPI Rank90