Overall Exports and Imports for Nigeria 2022
- The total value of exports (FOB) is US$ 63,417 million.
- The total value of imports (CIF) is US$ 60,671 million.
- At the HS6 digit level, 537 products are exported to 125 countries and 3,971 products are imported from 197 countries.
Top 5 Products exports imports at HS 6 digit level 2022
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 49,932,928.90 (US$ Thousands).
- Nigeria exported Natural gas, liquefied , worth 6,753,712.24 (US$ Thousands).
- Nigeria exported Urea , worth 1,917,537.35 (US$ Thousands).
- Nigeria exported Floating or submersible drilling or production , worth 562,456.13 (US$ Thousands).
- Nigeria exported Cocoa beans, whole or broken, raw or roasted , worth 555,393.87 (US$ Thousands).
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 23,617,528.61 (US$ Thousands).
- Nigeria imported Durum wheat , worth 2,235,042.78 (US$ Thousands).
- Nigeria imported Raw cane sugar, in solid form , worth 846,519.25 (US$ Thousands).
- Nigeria imported Automobiles with diesel engine displacing more , worth 778,026.05 (US$ Thousands).
- Nigeria imported Transmission apparatus, for radioteleph incorpo , worth 653,302.28 (US$ Thousands).
Nigeria top 5 Export and Import partners 2022
The top five countries to which Nigeria exported 2022 along with the partner share in percentage are:
- Nigeria exports to India worth US$ 8,013 million, with a partner share of 12.64 percent.
- Nigeria exports to Spain worth US$ 7,583 million, with a partner share of 11.96 percent.
- Nigeria exports to Netherlands worth US$ 6,082 million, with a partner share of 9.59 percent.
- Nigeria exports to Indonesia worth US$ 4,706 million, with a partner share of 7.42 percent.
- Nigeria exports to United States worth US$ 4,408 million, with a partner share of 6.95 percent.
The top five countries to which Nigeria imported goods 2022 along with the share in percentage are
- Nigeria imports from China worth US$ 13,767 million, with a partner share of 22.69 percent.
- Nigeria imports from Netherlands worth US$ 6,289 million, with a partner share of 10.37 percent.
- Nigeria imports from Belgium worth US$ 6,266 million, with a partner share of 10.33 percent.
- Nigeria imports from India worth US$ 4,810 million, with a partner share of 7.93 percent.
- Nigeria imports from United States worth US$ 3,376 million, with a partner share of 5.57 percent.
Nigeria Exports and Imports of Product Groups 2022
Exports and imports of products by stages of processing in 2022 are below along with their corresponding Product Share as percent of total export or import.
- Nigeria Raw materials exports are worth US$ 51,464 million, product share of 81.15%.
- Nigeria Raw materials imports are worth US$ 3,773 million, product share of 6.22%.
- Nigeria Intermediate goods exports are worth US$ 3,315 million, product share of 5.23%.
- Nigeria Intermediate goods imports are worth US$ 12,038 million, product share of 19.84%.
- Nigeria Consumer goods exports are worth US$ 7,797 million, product share of 12.29%.
- Nigeria Consumer goods imports are worth US$ 30,983 million, product share of 51.07%.
- Nigeria Capital goods exports are worth US$ 832 million, product share of 1.31%.
- Nigeria Capital goods imports are worth US$ 12,258 million, product share of 20.20%.
Nigeria Trade Indicators 2022
- Hirschman Herfindahl Market concentration index is 0.06.
- Index of export market penetration is 0.06.
- World Growth in percentage is 0.06 and Nigeria Country Growth is 12.91.
Nigeria Service Trade data from WDI 2022
- Nigeria, Service imports (BoP, current US$) is 18,820,276,417.09.
- Nigeria, Service exports (BoP, current US$) is 4,863,999,516.59.
- Nigeria, Imports of goods and services as percentage of GDP is not available.
- Nigeria, Exports of goods and services as percentage of GDP is not available.