Nigeria Trade at a Glance : Most Recent Values

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

Country / Region
Year
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

2014

Overall Exports and Imports

Exports
Exports (in US$ Mil) 102,878
No. Of products 990
No. Of partners 151
Imports
Imports (in US$ Mil) 46,532
No. Of products 4,036
No. Of partners 195

Trade Indicator

HH Market concentration index0.06
Index of export market penetration2.75
World Growth0.12
Country Growth-2.59

Service Indicators

Service imports (BoP, current US$)...
Service exports (BoP, current US$)...
Imports of goods and services (% of GDP)...
Exports of goods and services (% of GDP)...

Nigeria top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
India14,981 14.56
Netherlands10,493 10.20
Spain9,578 9.31
Brazil8,316 8.08
France5,898 5.73
Exporter Trade (US$ Mil) Partner share(%)
China10,202 21.92
United States4,834 10.39
Belgium3,370 7.24
Netherlands2,842 6.11
India2,774 5.96

Nigeria Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials76,803 74.65 3,486 7.49 7.22
Intermediate goods1,510 1.47 13,142 28.24 9.78
Consumer goods21,704 21.10 16,087 34.57 15.11
Capital goods2,859 2.78 13,797 29.65 8.73

Top 5 Products exports imports at HS 6 digit level

Exports
Petroleum oils and o ...75,033,422.63
Natural gas, liquefi ...8,751,197.10
Petroleum oils, etc, ...6,257,071.21
Propane, liquefied2,116,487.62
Liquid or liquefied- ...1,898,853.01
Imports
Petroleum oils, etc, ...7,103,364.34
Spelt, common wheat ...1,689,221.40
Motorcycles with rec ...989,861.18
Raw cane sugar, in s ...838,641.54
Mach-tls for wrkg st ...750,826.40

Tariff and Trade Barriers for Nigeria

Tariffs 2014

No. Of Tariff Agreement 1
Simple Average (%) 11.76
Duty Free Imports (US$ Thousand) 1,777,911.49
Maximum Rate (%) 35
Weighted Average (%) 11.34
Duty Free Tariff Lines Share (%) 6.11

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)

2016 WDI »
Population185,989,640
GDP (current US$ Mil)405,083
GNI per capita, Atlas method (current US$)2,450.00
Trade Balance (current US$ Mil)...
Trade Balance (% of GDP)...

Doing Business

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

Country Policy and Institutional Assessment (CPIA)

2016 CPIA »
CPIA Trade Ratings3.50

Logistics Performance Index (LPI)

2016 LPI »
LPI Score2.63
LPI Rank90