Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2022
Timeseries: 194 million
Source:TrendEconomy
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Nigeria | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023

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2023
TOTAL. ALL COMMODITIESNigeriaWorldExportsValue (US$)143,151,182,808.0090,554,484,841.00102,878,499,711.0048,433,351,369.6532,883,045,467.0044,466,366,757.1162,399,742,736.8753,617,812,190.3034,900,471,091.3147,231,712,930.3663,416,711,381.6065,129,007,547.86
Value Growth, YoY (%)13.93-36.7413.60-52.92-32.1035.2240.33-14.07-34.9035.3334.262.70
ImportsValue (US$)35,872,509,437.0044,598,201,120.0046,532,265,378.0033,830,878,655.1935,194,301,007.0031,270,090,265.0743,011,523,214.8147,369,076,912.2855,455,401,890.4652,068,286,983.1460,671,382,373.6665,047,894,217.89
Value Growth, YoY (%)-43.9224.324.33-27.294.03-11.1537.5410.1317.07-6.1016.527.21

The value of merchandise exports from Nigeria totalled $ 65 billion in 2023. Merchandise exports from Nigeria increased by 2.7% compared to 2022. Goods exports grew up by $ 1.71 billion in 2023 (the value of merchandise exports from Nigeria amounted to $63 billion in 2022)

Nigeria's exports 2023 by country

Top export destinations of commodities from Nigeria in 2023:

  • Netherlands with a share of 12.5% (8.17 billion US$)
  • Spain with a share of 9.41% (6.13 billion US$)
  • India with a share of 8.36% (5.44 billion US$)
  • USA with a share of 7.46% (4.86 billion US$)
  • Indonesia with a share of 6.54% (4.26 billion US$)
  • France with a share of 6.53% (4.25 billion US$)
  • Canada with a share of 5.94% (3.86 billion US$)
  • Côte d`Ivoire with a share of 4.01% (2.61 billion US$)
  • United Kingdom with a share of 3.91% (2.55 billion US$)
  • Italy with a share of 3.87% (2.52 billion US$)

Exports structure from Nigeria in 2023 represented by the following main commodity groups:

  • 91% (59 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 1.64% (1.06 billion US$): 31 - Fertilizers
  • 1.31% (856 million US$): 12 - Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder
  • 1.25% (815 million US$): 18 - Cocoa and cocoa preparations
  • 0.541% (352 million US$): 08 - Edible fruit and nuts; peel of citrus fruit or melons
  • 0.462% (301 million US$): 76 - Aluminum and articles thereof
  • 0.304% (198 million US$): 89 - Ships, boats and floating structures
  • 0.294% (191 million US$): 74 - Copper and articles thereof
  • 0.261% (170 million US$): 26 - Ores, slag and ash
  • 0.243% (158 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof

What did Nigeria export in 2023?

Nigeria's Top Exports in 2023:

  • 80% ($52 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 10.5% ($6.84 billion): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 1.63% ($1.06 billion): 3102 - Mineral or chemical fertilisers, nitrogenous
  • 1.02% ($669 million): 1801 - Cocoa beans, whole or broken, raw or roasted
  • 0.714% ($465 million): 1207 - Other oil seeds and oleaginous fruits, whether or not broken, n.e.s. in chapter 12
  • 0.539% ($351 million): 0801 - Coconuts, Brazil nuts and cashew nuts, fresh or dried, whether or not shelled or peeled
  • 0.418% ($272 million): 7601 - Unwrought aluminium
  • 0.411% ($268 million): 1201 - Soya beans, whether or not broken
  • 0.291% ($189 million): 7403 - Refined copper and copper alloys, unwrought.
  • 0.247% ($161 million): 2716 - Electrical energy. (optional heading)

The value of merchandise imports to Nigeria totalled $ 65 billion in 2023. Merchandise imports to Nigeria increased by 7.21% compared to 2022. Goods imports grew up by $ 4.37 billion in 2023 (the value of merchandise imports to Nigeria was equal to $60 billion in 2022)

Nigeria's imports 2023 by country

Top trading partners (import sources) of Nigeria in 2023:

  • China with a share of 18.3% (11.9 billion US$)
  • Singapore with a share of 14.3% (9.32 billion US$)
  • Belgium with a share of 9.4% (6.11 billion US$)
  • India with a share of 8.04% (5.22 billion US$)
  • USA with a share of 6.21% (4.03 billion US$)
  • Netherlands with a share of 5.02% (3.26 billion US$)
  • Malta with a share of 3.46% (2.25 billion US$)
  • Korea with a share of 2.66% (1.73 billion US$)
  • Saudi Arabia with a share of 2.32% (1.51 billion US$)
  • Russia with a share of 2.32% (1.51 billion US$)

Imports structure to Nigeria in 2023 represented by the following main commodity groups:

  • 33% (21 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 20% (13.4 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 9.39% (6.1 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 4.78% (3.11 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 3.36% (2.19 billion US$): 10 - Cereals
  • 2.79% (1.81 billion US$): 39 - Plastics and articles thereof
  • 2.64% (1.71 billion US$): 99 - Commodities not specified according to kind
  • 1.71% (1.11 billion US$): 17 - Sugars and sugar confectionery
  • 1.41% (919 million US$): 48 - Paper and paperboard; articles of paper pulp, of paper or of paperboard
  • 1.31% (857 million US$): 73 - Articles of iron or steel

What did Nigeria import in 2023?

Nigeria's Top Imports in 2023:

  • 32% ($21 billion): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 14.1% ($9.17 billion): 8710 - Tanks and other armoured fighting vehicles, motorised, whether or not fitted with weapons, and parts of such vehicles
  • 3.86% ($2.51 billion): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars
  • 3.36% ($2.18 billion): 1001 - Wheat and meslin.
  • 1.61% ($1.05 billion): 1701 - Cane or beet sugar and chemically pure sucrose, in solid form
  • 1.16% ($756 million): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 0.98% ($637 million): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale
  • 0.933% ($606 million): 0303 - Fish, frozen, excluding fish fillets and other fish meat of heading 03.04.
  • 0.932% ($606 million): 3901 - Polymers of ethylene, in primary forms

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Nigeria | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023