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 (%) | 2006 - 2017

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TOTAL. ALL COMMODITIESNigeriaWorldExportsValue (US$)59,215,233,334.0053,963,110,729.0081,820,518,366.0049,937,459,606.0086,567,912,529.00125,641,031,180.00143,151,182,808.0090,554,484,841.00102,878,499,711.0048,433,351,369.6532,883,045,467.0044,466,366,757.11
Value Growth, YoY (%)-8.8651.62-38.9673.3545.1313.93-36.7413.60-52.92-32.1035.22
ImportsValue (US$)22,903,337,702.0032,357,346,936.0028,193,597,338.0033,906,281,580.0044,235,268,667.0063,971,541,901.0035,872,509,437.0044,598,201,120.0046,532,265,378.0033,830,878,655.1935,194,301,007.0031,270,090,265.07
Value Growth, YoY (%)41.27-12.8620.2630.4644.61-43.9224.324.33-27.294.03-11.15

The value of merchandise exports from Nigeria totalled $ 44 billion in 2017. Merchandise exports from Nigeria increased by 35% compared to 2016. Goods exports grew up by $ 11.5 billion in 2017 (the value of merchandise exports from Nigeria amounted to $32 billion in 2016)

Nigeria's exports 2017 by country

Top export destinations of commodities from Nigeria in 2017:

  • India with a share of 17.8% (7.93 billion US$)
  • USA with a share of 12.7% (5.67 billion US$)
  • Spain with a share of 9.89% (4.4 billion US$)
  • Netherlands with a share of 8.46% (3.76 billion US$)
  • France with a share of 7.67% (3.41 billion US$)
  • South Africa with a share of 4.45% (1.98 billion US$)
  • Canada with a share of 3.46% (1.53 billion US$)
  • Indonesia with a share of 3.32% (1.48 billion US$)
  • United Kingdom with a share of 2.69% (1.19 billion US$)
  • Togo with a share of 2.34% (1.04 billion US$)

Exports structure from Nigeria in 2017 represented by the following main commodity groups:

  • 96% (42 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 0.603% (268 million US$): 89 - Ships, boats and floating structures
  • 0.575% (256 million US$): 18 - Cocoa and cocoa preparations
  • 0.443% (197 million US$): 12 - Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder
  • 0.372% (165 million US$): 31 - Fertilizers
  • 0.25% (111 million US$): 24 - Tobacco and manufactured tobacco substitutes
  • 0.191% (85 million US$): 39 - Plastics and articles thereof
  • 0.181% (80 million US$): 08 - Edible fruit and nuts; peel of citrus fruit or melons
  • 0.166% (73 million US$): 41 - Raw hides and skins (other than fur skins) and leather
  • 0.134% (59 million US$): 40 - Rubber and articles thereof

What did Nigeria export in 2017?

Nigeria's Top Exports in 2017:

  • 81% ($36 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 13.8% ($6.16 billion): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 0.429% ($191 million): 1801 - Cocoa beans, whole or broken, raw or roasted
  • 0.411% ($183 million): 2707 - Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the non-aromatic constituents
  • 0.405% ($180 million): 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
  • 0.372% ($165 million): 3102 - Mineral or chemical fertilisers, nitrogenous
  • 0.328% ($145 million): 8908 - Vessels and other floating structures for breaking up
  • 0.306% ($136 million): 1207 - Other oil seeds and oleaginous fruits, whether or not broken, n.e.s. in chapter 12
  • 0.255% ($113 million): 8901 - Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods
  • 0.252% ($112 million): 2716 - Electrical energy. (optional heading)

The value of merchandise imports to Nigeria totalled $ 31 billion in 2017. Overall commodity imports to Nigeria decreased by 11.1% compared to 2016. Merchandise imports decreased by $ 3.92 billion (the value of merchandise imports to Nigeria was equal to $35 billion in 2016)

Nigeria's imports 2017 by country

Top trading partners (import sources) of Nigeria in 2017:

  • China with a share of 18.7% (5.84 billion US$)
  • Belgium with a share of 12.8% (4.02 billion US$)
  • Netherlands with a share of 9.19% (2.87 billion US$)
  • USA with a share of 7.97% (2.49 billion US$)
  • India with a share of 4.88% (1.52 billion US$)
  • Germany with a share of 4.01% (1.25 billion US$)
  • United Kingdom with a share of 3.86% (1.2 billion US$)
  • France with a share of 3.61% (1.13 billion US$)
  • Italy with a share of 3.03% (947 million US$)
  • Brazil with a share of 2.56% (801 million US$)

Imports structure to Nigeria in 2017 represented by the following main commodity groups:

  • 27% (8.74 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 13.6% (4.25 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 6.04% (1.89 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 5.17% (1.61 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 4.97% (1.55 billion US$): 10 - Cereals
  • 4.64% (1.45 billion US$): 39 - Plastics and articles thereof
  • 2.4% (751 million US$): 03 - Fish and crustaceans, molluscs and other aquatic invertebrates
  • 2.38% (746 million US$): 25 - Salt; sulfur; earths and stone; plastering materials, lime and cement
  • 2.32% (726 million US$): 73 - Articles of iron or steel
  • 2.24% (702 million US$): 38 - Miscellaneous chemical products

What did Nigeria import in 2017?

Nigeria's Top Imports in 2017:

  • 27% ($8.56 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
  • 4.31% ($1.34 billion): 1001 - Wheat and meslin.
  • 2.34% ($734 million): 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
  • 1.87% ($585 million): 2516 - Granite, porphyry, basalt, sandstone and other monumental or building stone, whether or not roughly trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape
  • 1.86% ($582 million): 1701 - Cane or beet sugar and chemically pure sucrose, in solid form
  • 1.85% ($580 million): 0303 - Fish, frozen, excluding fish fillets and other fish meat of heading 03.04.
  • 1.51% ($474 million): 8481 - Taps, cocks, valves and similar appliances for pipes, boiler shells, tanks, vats or the like, including pressure-reducing valves and thermostatically controlled valves
  • 1.36% ($426 million): 0402 - Milk and cream, concentrated or containing added sugar or other sweetening matter.
  • 1.18% ($369 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
  • 1.13% ($355 million): 3901 - Polymers of ethylene, in primary forms

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