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

Country / Region
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.



Overall Exports and Imports

Exports (in US$ Mil) 34,900
No. Of products 359
No. Of partners 115
Imports (in US$ Mil) 55,455
No. Of products 3,994
No. Of partners 197

Trade Indicator

HH Market concentration index0.06
Index of export market penetration3.19
World Growth-3.91
Country Growth-19.12

Service Indicators 2020

Service imports (BoP, current US$)19,832,514,705.25
Service exports (BoP, current US$)3,993,012,590.25
Imports of goods and services (% of GDP)16.57
Exports of goods and services (% of GDP)8.83

Nigeria top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
India5,241 15.02
Spain3,796 10.88
Netherlands2,988 8.56
South Africa2,654 7.60
China1,766 5.06
Exporter Trade (US$ Mil) Partner share(%)
China15,947 28.76
United States5,024 9.06
India4,404 7.94
Netherlands4,326 7.80
Belgium2,084 3.76

Nigeria Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials27,200 77.94 4,133 7.45 8.72
Intermediate goods1,839 5.27 14,955 26.97 11.99
Consumer goods4,730 13.55 18,957 34.18 15.92
Capital goods1,118 3.20 17,403 31.38 8.69

Top 5 Products exports imports at HS 6 digit level

Petroleum oils and o ...26,322,067.33
Natural gas, liquefi ...3,921,779.70
Vessels and other fl ...1,287,317.12
Petroleum gases and ...472,392.53
Floating docks and v ...448,769.42
Petroleum oils, etc, ...8,068,701.95
Durum wheat2,116,530.04
Automobiles with die ...2,032,190.26
Vaccines for human m ...1,343,153.98
Motorcycles with rec ...1,175,302.26

Tariff and Trade Barriers for Nigeria

Tariffs 2020

No. Of Tariff Agreement 2
Simple Average (%) 12.75
Duty Free Imports (US$ Thousand) 1,734,335.43
Maximum Rate (%) 35
Weighted Average (%) 12.37
Duty Free Tariff Lines Share (%) 2.19

Overall Trade Restrictiveness Index (OTRI) 2009

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

Services Service Policy Restrictive Database (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)

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

World Development Indicators (WDI)

2020 WDI »
GDP (current US$ Mil)432,294
GNI per capita, Atlas method (current US$)2,000.00
Trade Balance (current US$ Mil)-33,463.00
Trade Balance (% of GDP)-7.74

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