Nigeria: Trade Statistics

Exports
Exporter Rank
27/136
Imports
Importer Rank
34/137
Balance
Trade Balance Rank
4/136
Note: UN Comtrade Data (2014) are used for computing ranks.

Total Trade

Total Exports (2014) $102,878,499,707
Total Imports (2014) $46,532,265,381
Trade Balance (2014) $56,346,234,326
Exports of goods and services (% of GDP) Source: The World Bank (2014) 18.44%
Imports of goods and services (% of GDP) Source: The World Bank (2014) 12.45%

Trade Partners

Top 10 Export
Partners
Export Volume ($)
India $14,980,986,169
India $14,980,986,169
Netherlands $10,492,632,406
Netherlands $10,492,632,406
Spain $9,578,485,594
Spain $9,578,485,594
Brazil $8,315,635,061
Brazil $8,315,635,061
France $5,897,743,284
France $5,897,743,284
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Percentage Distribution
Top 10 Import
Partners
Import Volume ($)
China $10,201,900,147
China $10,201,900,147
United States $4,833,554,719
United States $4,833,554,719
Belgium $3,369,660,071
Belgium $3,369,660,071
Netherlands $2,842,171,163
Netherlands $2,842,171,163
India $2,774,327,928
India $2,774,327,928
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Percentage Distribution

Traded Goods (at the 2-digit HS Code level)

Top 10 Import
Goods (by HS Code)
Import Volume ($)
27 Mineral Fuels, Mineral Oils and Products of Their Distillation; Bituminous Substances; Mineral Waxes (Oil & Mineral Fuels) $7,605,474,013
84 Nuclear Reactors, Boilers, Machinery and Mechanical Appliances; Parts Thereof (Industrial Machinery) $7,243,990,204
87 Vehicles Other Than Railway or Tramway Rolling Stock, and Parts and Accessories Thereof (Motor Vehicles & Parts) $4,481,925,451
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 (Electrical Machinery) $3,532,485,254
10 Cereals (Cereals) $2,483,841,403
39 Plastics and Articles Thereof (Plastics) $2,191,118,426
73 Articles of Iron or Steel (Iron & Steel Articles) $1,859,901,623
72 Iron and Steel (Iron & Steel) $1,326,776,892
03 Fish and Crustaceans, Molluscs and Other Aquatic Invertebrates (Seafood) $1,262,115,148
17 Sugars and Sugar Confectionery (Sugar & Confectionery) $959,838,865
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Percentage Distribution

Sources:

UN Comtrade (2014) except where stated otherwise.
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Glossary