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Nigeria Trade

Latest trade data available from various sources.
Nigeria monthly trade data
Nigeria quarterly trade data

Please note: The data from various sources are not from the same year.

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

Overall Exports and Imports for Nigeria 2018

  • The total value of exports (FOB) is US$ 62,400 million.
  • The total value of imports (CIF) is US$ 43,012 million.
  • At the HS6 digit level, 491 products are exported to 116 countries and 3,980 products are imported from 199 countries.

Top 5 Products exports imports at HS 6 digit level 2018

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$ 51,371,239.56 million.
  • Nigeria exported Natural gas, liquefied , worth US$ 6,150,794.49 million.
  • Nigeria exported Tugs and pusher craft , worth US$ 1,198,341.30 million.
  • Nigeria exported Petroleum gases and other gaseous hydrocarbons , worth US$ 424,718.01 million.
  • Nigeria exported Cocoa beans, whole or broken, raw or roasted , worth US$ 302,055.99 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$ 12,489,419.32 million.
  • Nigeria imported Floating or submersible drilling or production , worth US$ 3,851,708.72 million.
  • Nigeria imported Durum wheat , worth US$ 1,321,039.47 million.
  • Nigeria imported Automobiles with diesel engine displacing more , worth US$ 826,888.02 million.
  • Nigeria imported Motorcycles with reciprocating piston engine di , worth US$ 677,113.15 million.

Nigeria top 5 Export and Import partners 2018

The top five countries to which Nigeria exported 2018 along with the partner share in percentage are:

  1. Nigeria exports to India worth US$ 9,907 million, with a partner share of 15.88 percent.
  2. Nigeria exports to Netherlands worth US$ 6,702 million, with a partner share of 10.74 percent.
  3. Nigeria exports to Spain worth US$ 6,319 million, with a partner share of 10.13 percent.
  4. Nigeria exports to France worth US$ 4,946 million, with a partner share of 7.93 percent.
  5. Nigeria exports to South Africa worth US$ 3,981 million, with a partner share of 6.38 percent.

The top five countries to which Nigeria imported goods 2018 along with the share in percentage are

  1. Nigeria imports from China worth US$ 8,349 million, with a partner share of 19.41 percent.
  2. Nigeria imports from Netherlands worth US$ 4,906 million, with a partner share of 11.41 percent.
  3. Nigeria imports from Korea, Rep. worth US$ 4,658 million, with a partner share of 10.83 percent.
  4. Nigeria imports from Belgium worth US$ 3,635 million, with a partner share of 8.45 percent.
  5. Nigeria imports from United States worth US$ 3,160 million, with a partner share of 7.35 percent.

Nigeria Exports and Imports of Product Groups 2018

Exports and imports of products by stages of processing in 2018 are below along with their corresponding Product Share as percent of total export or import.


Tariff and Trade Barriers

Tariffs 2016

Tariffs imposed by Nigeria in 2016 are below.

  • The maximum rate of tariff in percentage on any product is 35.
  • The simple average tariff across all products is 11.48.
  • The trade weighted average tariff is 8.52.
  • The total duty free imports in thousands of US dollars are 1,667,625.33 and duty free tariff line items share is 6.05.

Overall Trade Restrictiveness Index (OTRI) 2009

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  • Overall Trade Restrictiveness Index - Applied Tariff for the year 2009 is 0.32.
  • Overall Trade Restrictiveness Index - MFN Tariff for the year 2009 is 0.32.

Non-Tariff Measures (NTM)

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  • No Of NTM Measures is 28.
  • No Of NTM Affected Products (HS 6 Digit) is 4,329.

Temporary Trade Barriers Database (TTDB) .

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  • Temporary Trade Barriers in Effect - Simple Average for the year is not available.
  • Temporary Trade Barriers in Effect - Weighted Average for the year is not available.

Nigeria World Development Indicators (WDI) 2018

Key Development Indicators of Nigeria in 2018 are below

WDI

Nigeria Doing Business 2019

  • The ease of doing business rank for Nigeria is 131.
  • The trade across border rank is 179.
Doing Business

Nigeria Country Policy and Institutional Assessment (CPIA), 2018

  • The CPIA Trade Ratings for 2018 is 3.50.
CPIA

NigeriaLogistics Performance Index (LPI) 2016

  • The LPI score for Nigeria in 2016 is 2.63.
  • The LPI rank is 90.
LPI

Nigeria Services Service Policy Restrictive Database (SPRD)

  • Services Trade Restrictions Index (Over All) for Nigeria is 27.10.
SPRD