You can contact us through the following ways, or you can directly register to experience our daas system.
Nigeria's trade data reflects its economic engagements in global commerce. As of recent reports, Nigeria has experienced a trade deficit, with total exports amounting to approximately $47.23 billion and imports at about $52.07 billion. The country's trade activities include a diverse range of products, from mineral fuels and oils to agricultural products. Nigeria's trade policies are also characterized by an average tariff rate of around 12.20%, indicating the level of trade regulation. Understanding Nigeria's trade data is crucial for grasping the nuances of its economic interactions on a global scale.
Register to viewComprehensive Trade Flow Analysis
Market Demand Identification
Competitive Intelligence
Supply Chain Optimization
Regulatory Compliance
Economic Health Indicator
In 2023, Nigeria’s top trading partners for exports were:
Netherlands: $7.6 billion (12.6% of total Nigerian exports)
Spain: $5.7 billion (9.4%)
India: $5.1 billion (8.4%)
United States: $4.5 billion (7.5%)
Indonesia: $3.97 billion (6.5%)
France: $3.96 billion (6.5%)
Canada: $3.6 billion (5.9%)
Ivory Coast: $2.44 billion (4%)
United Kingdom: $2.38 billion (3.9%)
Italy: $2.35 billion (3.9%)1.
For imports, the main partners were:
China
India
United States
Belgium
Netherlands
In 2023, Nigeria’s top trade industries based on export value were:
Mineral fuels including oil: $55.6 billion (91.6% of total exports)
Fertilizers: $994.7 million (1.6%)
Oil seeds: $797.5 million (1.3%)
Cocoa: $759 million (1.3%)
Fruits and nuts: $328.2 million (0.5%)
Aluminum: $280.5 million (0.5%)
Ships and boats: $184.7 million (0.3%)
Copper: $178.6 million (0.3%)
Ores, slag, ash: $158.7 million (0.3%)
Machinery including computers: $147.6 million (0.2%)
Follow us to get the latest trade data information