Nigeria: Trade Statistics
Exporter Rank
51 / 138
Importer Rank
51 / 138
Trade Balance Rank
96 / 138
Total Trade [1]
Total Exports (2021) | $47,231,712,930 |
---|---|
Total Imports (2021) | $52,068,286,983 |
Trade Balance (2021) | ($4,836,574,053) |
Exports of goods and services (% of GDP) (2021) [2] | 10.74% |
Imports of goods and services (% of GDP) (2021) [2] | 11.84% |
Trade Partners [1]
Export Partners
Top 10 Export Countries
Country | Export USD$ |
---|---|
India | $7,733,674,041 |
Spain | $5,575,736,666 |
France | $2,974,081,523 |
Netherlands | $2,835,547,745 |
Canada | $2,143,138,286 |
United States | $2,002,265,066 |
Italy | $1,896,415,341 |
Indonesia | $1,857,225,767 |
China | $1,846,031,083 |
South Africa | $1,558,392,483 |
Import Partners
Top 10 Import Countries
Country | Import USD$ |
---|---|
China | $12,879,077,021 |
Netherlands | $5,350,998,302 |
India | $4,598,984,263 |
Belgium | $3,781,882,191 |
United States | $3,178,638,656 |
Russia | $2,092,834,230 |
South Korea | $1,479,844,447 |
Norway | $1,322,713,171 |
Germany | $1,273,384,788 |
France | $1,175,649,637 |
Traded Goods [1] (at the 2-digit HS Code level)
Top 10 Export Goods
HS Code | Export USD$ |
---|---|
(27) Oil & Mineral Fuels | $42,105,687,983 |
(89) Ships & Boats | $1,436,633,452 |
(31) Fertilizers | $943,030,779 |
(18) Cocoa | $624,348,699 |
(12) Oil Seeds | $323,862,730 |
(08) Fruit & Nuts | $256,931,767 |
(76) Aluminum | $188,960,858 |
(88) Aircraft | $142,659,715 |
(24) Tobacco | $112,011,307 |
(78) Lead | $93,463,676 |
Top 10 Import Goods
HS Code | Import USD$ |
---|---|
(27) Oil & Mineral Fuels | $16,144,370,225 |
(84) Industrial Machinery | $7,404,043,107 |
(87) Motor Vehicles & Parts | $3,440,318,496 |
(85) Electrical Machinery | $3,075,515,535 |
(10) Cereals | $2,737,584,918 |
(39) Plastics | $2,529,511,795 |
(30) Pharmaceuticals | $1,360,086,553 |
(73) Iron & Steel Articles | $1,145,516,555 |
(90) Precision Instruments | $1,105,373,272 |
(17) Sugar & Confectionery | $980,092,856 |
Sources:
- UN Comtrade (2021) except where stated otherwise.
- The World Bank. Accessed: 10/8/2023
Nigeria