Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2023
Timeseries: 194 million
Source:TrendEconomy
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Nigeria | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2007 - 2018

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The value of merchandise exports from Nigeria totalled $ 62 billion in 2018. Merchandise exports from Nigeria increased by 40% compared to 2017. Goods exports grew up by $ 17.9 billion in 2018 (the value of merchandise exports from Nigeria amounted to $44 billion in 2017)

Nigeria's exports 2018 by country

Top export destinations of commodities from Nigeria in 2018:

  • India with a share of 15.8% (9.9 billion US$)
  • Netherlands with a share of 10.7% (6.7 billion US$)
  • Spain with a share of 10.1% (6.31 billion US$)
  • France with a share of 7.92% (4.94 billion US$)
  • South Africa with a share of 6.38% (3.98 billion US$)
  • USA with a share of 6.07% (3.79 billion US$)
  • Indonesia with a share of 4.18% (2.6 billion US$)
  • Sweden with a share of 3.8% (2.37 billion US$)
  • United Kingdom with a share of 3.64% (2.27 billion US$)
  • Brazil with a share of 3.23% (2.01 billion US$)

Exports structure from Nigeria in 2018 represented by the following main commodity groups:

  • 94% (58 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 2.39% (1.49 billion US$): 89 - Ships, boats and floating structures
  • 0.6% (374 million US$): 18 - Cocoa and cocoa preparations
  • 0.518% (323 million US$): 12 - Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder
  • 0.357% (223 million US$): 08 - Edible fruit and nuts; peel of citrus fruit or melons
  • 0.319% (199 million US$): 31 - Fertilizers
  • 0.183% (114 million US$): 24 - Tobacco and manufactured tobacco substitutes
  • 0.176% (110 million US$): 41 - Raw hides and skins (other than fur skins) and leather
  • 0.14% (87 million US$): 76 - Aluminum and articles thereof
  • 0.134% (84 million US$): 39 - Plastics and articles thereof

What did Nigeria export in 2018?

Nigeria's Top Exports in 2018:

  • 82% ($51 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 11.1% ($6.94 billion): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 1.92% ($1.19 billion): 8904 - Tugs and pusher craft
  • 0.484% ($302 million): 1801 - Cocoa beans, whole or broken, raw or roasted
  • 0.467% ($291 million): 1207 - Other oil seeds and oleaginous fruits, whether or not broken, n.e.s. in chapter 12
  • 0.415% ($259 million): 8908 - Vessels and other floating structures for breaking up
  • 0.351% ($219 million): 0801 - Coconuts, Brazil nuts and cashew nuts, fresh or dried, whether or not shelled or peeled
  • 0.319% ($199 million): 3102 - Mineral or chemical fertilisers, nitrogenous
  • 0.295% ($184 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
  • 0.211% ($132 million): 2716 - Electrical energy. (optional heading)

The value of merchandise imports to Nigeria totalled $ 43 billion in 2018. Merchandise imports to Nigeria increased by 37% compared to 2017. Goods imports grew up by $ 11.7 billion in 2018 (the value of merchandise imports to Nigeria was equal to $31 billion in 2017)

Nigeria's imports 2018 by country

Top trading partners (import sources) of Nigeria in 2018:

  • China with a share of 19.4% (8.34 billion US$)
  • Netherlands with a share of 11.4% (4.9 billion US$)
  • Korea with a share of 10.8% (4.65 billion US$)
  • Belgium with a share of 8.45% (3.63 billion US$)
  • USA with a share of 7.34% (3.15 billion US$)
  • India with a share of 5.23% (2.24 billion US$)
  • France with a share of 2.87% (1.23 billion US$)
  • Germany with a share of 2.71% (1.16 billion US$)
  • United Kingdom with a share of 2.52% (1.08 billion US$)
  • Russia with a share of 2.36% (1.01 billion US$)

Imports structure to Nigeria in 2018 represented by the following main commodity groups:

  • 29% (12.7 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 14.1% (6.09 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 9.39% (4.03 billion US$): 89 - Ships, boats and floating structures
  • 6.14% (2.64 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 5.63% (2.42 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 3.79% (1.63 billion US$): 39 - Plastics and articles thereof
  • 3.31% (1.42 billion US$): 10 - Cereals
  • 1.88% (809 million US$): 03 - Fish and crustaceans, molluscs and other aquatic invertebrates
  • 1.86% (804 million US$): 73 - Articles of iron or steel
  • 1.69% (729 million US$): 72 - Iron and steel

What did Nigeria import in 2018?

Nigeria's Top Imports in 2018:

  • 29% ($12.4 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
  • 9.11% ($3.92 billion): 8905 - Light-vessels, fire-floats, dredgers, floating cranes and other vessels the navigability of which is subsidiary to their main function; floating docks; floating or submersible drilling or production platforms
  • 3.15% ($1.35 billion): 1001 - Wheat and meslin.
  • 2.82% ($1.21 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
  • 1.63% ($701 million): 8711 - Motorcycles (including mopeds) and cycles fitted with an auxiliary motor, with or without side-cars; side-cars.
  • 1.49% ($641 million): 0303 - Fish, frozen, excluding fish fillets and other fish meat of heading 03.04.
  • 1.29% ($557 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
  • 1.22% ($526 million): 1701 - Cane or beet sugar and chemically pure sucrose, in solid form
  • 1.06% ($458 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
  • 0.999% ($430 million): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated

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Nigeria | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2007 - 2018