Overall Exports and Imports for Nigeria 2021
- The total value of exports (FOB) is US$ 47,232 million.
- The total value of imports (CIF) is US$ 52,068 million.
- At the HS6 digit level, 608 products are exported to 136 countries and 4,013 products are imported from 201 countries.
Top 5 Products exports imports at HS 6 digit level 2021
The top five exported HS 6 digit level products to world by Nigeria along with trade value are:
- Nigeria exported Petroleum oils and oils obtained from bituminou , worth US$ 35,998,144.40 million.
- Nigeria exported Natural gas, liquefied , worth US$ 4,934,453.94 million.
- Nigeria exported Floating or submersible drilling or production , worth US$ 1,170,082.49 million.
- Nigeria exported Urea , worth US$ 906,350.45 million.
- Nigeria exported Petroleum gases and other gaseous hydrocarbons , worth US$ 594,871.47 million.
The top five imported HS 6 digit level products from world by Nigeria along with trade value are
- Nigeria imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 15,730,602.17 million.
- Nigeria imported Durum wheat , worth US$ 2,689,681.47 million.
- Nigeria imported Automobiles with diesel engine displacing more , worth US$ 925,189.16 million.
- Nigeria imported Other medicaments of mixed or unmixed products, , worth US$ 922,432.74 million.
- Nigeria imported Raw cane sugar, in solid form , worth US$ 894,772.08 million.
Nigeria top 5 Export and Import partners 2021
The top five countries to which Nigeria exported 2021 along with the partner share in percentage are:
- Nigeria exports to India worth US$ 7,734 million, with a partner share of 16.37 percent.
- Nigeria exports to Spain worth US$ 5,576 million, with a partner share of 11.81 percent.
- Nigeria exports to France worth US$ 2,974 million, with a partner share of 6.30 percent.
- Nigeria exports to Netherlands worth US$ 2,836 million, with a partner share of 6.00 percent.
- Nigeria exports to Canada worth US$ 2,143 million, with a partner share of 4.54 percent.
The top five countries to which Nigeria imported goods 2021 along with the share in percentage are
- Nigeria imports from China worth US$ 12,879 million, with a partner share of 24.73 percent.
- Nigeria imports from Netherlands worth US$ 5,351 million, with a partner share of 10.28 percent.
- Nigeria imports from India worth US$ 4,599 million, with a partner share of 8.83 percent.
- Nigeria imports from Belgium worth US$ 3,782 million, with a partner share of 7.26 percent.
- Nigeria imports from United States worth US$ 3,179 million, with a partner share of 6.10 percent.
Nigeria Exports and Imports of Product Groups 2021
Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import.
- Nigeria Raw materials exports are worth US$ 37,394 million, product share of 79.17%.
- Nigeria Raw materials imports are worth US$ 3,965 million, product share of 7.62%.
- Nigeria Intermediate goods exports are worth US$ 2,171 million, product share of 4.60%.
- Nigeria Intermediate goods imports are worth US$ 11,855 million, product share of 22.77%.
- Nigeria Consumer goods exports are worth US$ 6,116 million, product share of 12.95%.
- Nigeria Consumer goods imports are worth US$ 23,559 million, product share of 45.25%.
- Nigeria Capital goods exports are worth US$ 1,513 million, product share of 3.20%.
- Nigeria Capital goods imports are worth US$ 12,690 million, product share of 24.37%.
Nigeria Trade Indicators 2021
- Hirschman Herfindahl Market concentration index is 0.07.
- Index of export market penetration is 0.07.
- World Growth in percentage is 0.07 and Nigeria Country Growth is 17.14.
Nigeria Service Trade data from WDI 2021
- Nigeria, Service imports (BoP, current US$) is 16,056,904,042.06.
- Nigeria, Service exports (BoP, current US$) is 3,996,164,555.63.
- Nigeria, Imports of goods and services as percentage of GDP is 11.84 %.
- Nigeria, Exports of goods and services as percentage of GDP is 10.74 %.