Annual International Trade Statistics by Country (HS)
Publication date: 2023-05-14
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 (%) | 2010 - 2021

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TOTAL. ALL COMMODITIESNigeriaWorldExportsValue (US$)86,567,912,529.00125,641,031,180.00143,151,182,808.0090,554,484,841.00102,878,499,711.0048,433,351,369.6532,883,045,467.0044,466,366,757.1162,399,742,736.8753,617,812,190.3034,900,471,091.3147,231,712,930.36
Value Growth, YoY (%)73.3545.1313.93-36.7413.60-52.92-32.1035.2240.33-14.07-34.9035.33
ImportsValue (US$)44,235,268,667.0063,971,541,901.0035,872,509,437.0044,598,201,120.0046,532,265,378.0033,830,878,655.1935,194,301,007.0031,270,090,265.0743,011,523,214.8147,369,076,912.2855,455,401,890.4652,068,286,983.14
Value Growth, YoY (%)30.4644.61-43.9224.324.33-27.294.03-11.1537.5410.1317.07-6.10

The value of merchandise exports from Nigeria totalled $ 47 billion in 2021. Merchandise exports from Nigeria increased by 35% compared to 2020. Goods exports grew up by $ 12.3 billion in 2021 (the value of merchandise exports from Nigeria amounted to $34 billion in 2020)

Nigeria's exports 2021 by country

Top export destinations of commodities from Nigeria in 2021:

  • India with a share of 16.3% (7.73 billion US$)
  • Spain with a share of 11.8% (5.57 billion US$)
  • France with a share of 6.29% (2.97 billion US$)
  • Netherlands with a share of 6% (2.83 billion US$)
  • Canada with a share of 4.53% (2.14 billion US$)
  • USA with a share of 4.23% (2 billion US$)
  • Italy with a share of 4.01% (1.89 billion US$)
  • Indonesia with a share of 3.93% (1.85 billion US$)
  • China with a share of 3.9% (1.84 billion US$)
  • South Africa with a share of 3.29% (1.55 billion US$)

Exports structure from Nigeria in 2021 represented by the following main commodity groups:

  • 89% (42 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 3.04% (1.43 billion US$): 89 - Ships, boats and floating structures
  • 1.99% (943 million US$): 31 - Fertilizers
  • 1.32% (624 million US$): 18 - Cocoa and cocoa preparations
  • 0.685% (323 million US$): 12 - Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder
  • 0.543% (256 million US$): 08 - Edible fruit and nuts; peel of citrus fruit or melons
  • 0.4% (188 million US$): 76 - Aluminum and articles thereof
  • 0.302% (142 million US$): 88 - Aircraft, spacecraft, and parts thereof
  • 0.237% (112 million US$): 24 - Tobacco and manufactured tobacco substitutes
  • 0.197% (93 million US$): 78 - Lead and articles thereof

What did Nigeria export in 2021?

Nigeria's Top Exports in 2021:

  • 76% ($35 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 12.3% ($5.82 billion): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 2.61% ($1.23 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
  • 1.99% ($941 million): 3102 - Mineral or chemical fertilisers, nitrogenous
  • 1.18% ($560 million): 1801 - Cocoa beans, whole or broken, raw or roasted
  • 0.638% ($301 million): 1207 - Other oil seeds and oleaginous fruits, whether or not broken, n.e.s. in chapter 12
  • 0.542% ($256 million): 0801 - Coconuts, Brazil nuts and cashew nuts, fresh or dried, whether or not shelled or peeled
  • 0.461% ($218 million): 2716 - Electrical energy. (optional heading)
  • 0.386% ($182 million): 7601 - Unwrought aluminium
  • 0.341% ($161 million): 8908 - Vessels and other floating structures for breaking up

The value of merchandise imports to Nigeria totalled $ 52 billion in 2021. Overall commodity imports to Nigeria decreased by 6.1% compared to 2020. Merchandise imports decreased by $ 3.38 billion (the value of merchandise imports to Nigeria was equal to $55 billion in 2020)

Nigeria's imports 2021 by country

Top trading partners (import sources) of Nigeria in 2021:

  • China with a share of 24% (12.8 billion US$)
  • Netherlands with a share of 10.2% (5.35 billion US$)
  • India with a share of 8.83% (4.59 billion US$)
  • Belgium with a share of 7.26% (3.78 billion US$)
  • USA with a share of 6.1% (3.17 billion US$)
  • Russia with a share of 4.01% (2.09 billion US$)
  • Korea with a share of 2.84% (1.47 billion US$)
  • Norway with a share of 2.54% (1.32 billion US$)
  • Germany with a share of 2.44% (1.27 billion US$)
  • France with a share of 2.25% (1.17 billion US$)

Imports structure to Nigeria in 2021 represented by the following main commodity groups:

  • 31% (16.1 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 14.2% (7.4 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 6.6% (3.44 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 5.9% (3.07 billion US$): 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
  • 5.25% (2.73 billion US$): 10 - Cereals
  • 4.85% (2.52 billion US$): 39 - Plastics and articles thereof
  • 2.61% (1.36 billion US$): 30 - Pharmaceutical products
  • 2.2% (1.14 billion US$): 73 - Articles of iron or steel
  • 2.12% (1.1 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 1.88% (980 million US$): 17 - Sugars and sugar confectionery

What did Nigeria import in 2021?

Nigeria's Top Imports in 2021:

  • 30% ($15.7 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
  • 5.23% ($2.72 billion): 1001 - Wheat and meslin.
  • 3.34% ($1.74 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
  • 2.12% ($1.1 billion): 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
  • 1.71% ($895 million): 1701 - Cane or beet sugar and chemically pure sucrose, in solid form
  • 1.47% ($766 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
  • 1.35% ($703 million): 0303 - Fish, frozen, excluding fish fillets and other fish meat of heading 03.04.
  • 1.35% ($703 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
  • 1.18% ($615 million): 8711 - Motorcycles (including mopeds) and cycles fitted with an auxiliary motor, with or without side-cars; side-cars.
  • 1.08% ($566 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 (%) | 2010 - 2021