Commodity | Reporter | Partner | Trade flow | Indicator | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2016 | 2017 | 2018 | 2019 | 2020 |
TOTAL. ALL COMMODITIES | Nigeria | World | Exports | Value (US$) | 81,820,518,366.00 | 49,937,459,606.00 | 86,567,912,529.00 | 125,641,031,180.00 | 143,151,182,808.00 | 90,554,484,841.00 | 102,878,499,711.00 | 32,883,045,467.00 | 44,466,366,757.00 | 62,399,742,736.00 | 53,617,812,190.00 | 34,900,471,091.00 |
Value Growth, YoY (%) | 51.62 | -38.96 | 73.35 | 45.13 | 13.93 | -36.74 | 13.60 | 35.22 | 40.33 | -14.07 | -34.90 | |||||
Imports | Value (US$) | 28,193,597,338.00 | 33,906,281,580.00 | 44,235,268,667.00 | 63,971,541,901.00 | 35,872,509,437.00 | 44,598,201,120.00 | 46,532,265,378.00 | 35,194,301,007.00 | 31,270,090,265.00 | 43,011,523,214.00 | 47,369,076,912.00 | 55,455,401,890.00 | |||
Value Growth, YoY (%) | -12.86 | 20.26 | 30.46 | 44.61 | -43.92 | 24.32 | 4.33 | -11.15 | 37.54 | 10.13 | 17.07 |
The value of merchandise exports from Nigeria totalled $ 34 billion in 2020. Overall commodity exports from Nigeria decreased by 34% compared to 2019. Merchandise exports decreased by $ 18.7 billion (the value of merchandise exports from Nigeria amounted to $53 billion in 2019)
Top export destinations of commodities from Nigeria in 2020:
Nigeria's Top Exports in 2020:
The value of merchandise imports to Nigeria totalled $ 55 billion in 2020. Merchandise imports to Nigeria increased by 17% compared to 2019. Goods imports grew up by $ 8.08 billion in 2020 (the value of merchandise imports to Nigeria was equal to $47 billion in 2019)
Top trading partners (import sources) of Nigeria in 2020:
Nigeria's Top Imports in 2020: