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

2017

Overall Exports and Imports

Exports
Exports (in US$ Mil) 44,466
No. Of products 328
No. Of partners 116
Imports
Imports (in US$ Mil) 31,270
No. Of products 4,010
No. Of partners 199

Trade Indicator

HH Market concentration index0.08
Index of export market penetration2.74
World Growth1.50
Country Growth11.56

Service Indicators 2017

Service imports (BoP, current US$)18,234,487,487.94
Service exports (BoP, current US$)5,022,218,493.17
Imports of goods and services (% of GDP)13.18
Exports of goods and services (% of GDP)13.17

Nigeria top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
India7,938 17.85
United States5,672 12.76
Spain4,401 9.90
Netherlands3,766 8.47
France3,411 7.67
Exporter Trade (US$ Mil) Partner share(%)
China5,848 18.70
Belgium4,023 12.86
Netherlands2,876 9.20
United States2,494 7.98
India1,529 4.89

Nigeria Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials36,601 82.31 3,176 10.16 8.59
Intermediate goods1,012 2.28 7,987 25.54 9.72
Consumer goods6,582 14.80 13,069 41.79 15.38
Capital goods154 0.35 7,028 22.48 8.81

Top 5 Products exports imports at HS 6 digit level

Exports
Petroleum oils and o ...36,057,296.06
Natural gas, liquefi ...5,195,676.48
Petroleum gases and ...422,953.70
Petroleum gases and ...196,893.84
Cocoa beans, whole o ...191,078.73
Imports
Petroleum oils, etc, ...8,563,652.92
Durum wheat1,325,675.82
Granite, merely cut ...585,535.05
Raw cane sugar, in s ...581,265.09
Automobiles with die ...430,291.55

Tariff and Trade Barriers for Nigeria

Tariffs 2016

No. Of Tariff Agreement 2
Simple Average (%) 12.44
Duty Free Imports (US$ Thousand) 1,744,772.25
Maximum Rate (%) 35
Weighted Average (%) 11.25
Duty Free Tariff Lines Share (%) 6.57

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)

2017 WDI »
Population185,989,640
GDP (current US$ Mil)375,745
GNI per capita, Atlas method (current US$)2,100.00
Trade Balance (current US$ Mil)-17.00
Trade Balance (% of GDP)-0.00

Doing Business

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

Country Policy and Institutional Assessment (CPIA)

2017 CPIA »
CPIA Trade Ratings3.50

Logistics Performance Index (LPI)

2016 LPI »
LPI Score2.63
LPI Rank90