HS Icon Petroleum Gas in  Flag Nigeria

2021
Exports | Imports
: $8.52B | $327M, World Rnk 12 / 165
Flag Rnk 2 / 1041 | World Rnk 65 / 221
Flag Rnk 34 / 1185

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $611M | $161M, Spain |  United States

2021
ECONOMIC COMPLEXITY of Nigeria
: -1.56, Rnk 126 / 131

2021
PRODUCT COMPLEXITY IN Petroleum Gas
: -2, Rnk 1002 / 1029

Exports In 2021, Nigeria exported $8.52B in Petroleum Gas, making it the 12th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 2nd most exported product in Nigeria. The main destination of Petroleum Gas exports from Nigeria are: China ($1.42B), Spain ($1.19B), India ($826M), France ($628M), and Portugal ($617M).

The fastest growing export markets for Petroleum Gas of Nigeria between 2020 and 2021 were Spain ($611M), China ($437M), and Thailand ($330M).

Imports In 2021, Nigeria imported $327M in Petroleum Gas, becoming the 65th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 34th most imported product in Nigeria. Nigeria imports Petroleum Gas primarily from: United States ($284M), Equatorial Guinea ($17.6M), Guinea ($9.92M), Ghana ($8.35M), and United Kingdom ($3.7M).

The fastest growing import markets in Petroleum Gas for Nigeria between 2020 and 2021 were United States ($161M), Equatorial Guinea ($16M), and Ghana ($8.35M).

Tariffs In 2016, the average tariff for Nigeria in Petroleum Gas was 4.05%. The countries with the highest import tariffs for Petroleum Gas were Angola (Most Favoured Nation duty rate treatment, 4.29%), Burundi (Most Favoured Nation duty rate treatment, 4.29%), Botswana (Most Favoured Nation duty rate treatment, 4.29%), Central African Republic (Most Favoured Nation duty rate treatment, 4.29%), and Cameroon (Most Favoured Nation duty rate treatment, 4.29%).

Mar 2023

Subnational Monthly Trade

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Y-AXIS SCALE

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The following visualization shows the latest trends on Petroleum Gas. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2021): $8.52B

IMPORTS (2021): $327M

NET TRADE (2021): $8.19B

In 2021, Nigeria exported $8.52B in Petroleum Gas. The main destinations of Nigeria exports on Petroleum Gas were China ($1.42B), Spain ($1.19B), India ($826M), France ($628M), and Portugal ($617M).

In 2021, Nigeria imported $327M in Petroleum Gas, mainly from United States ($284M), Equatorial Guinea ($17.6M), Guinea ($9.92M), Ghana ($8.35M), and United Kingdom ($3.7M).

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THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Nigeria WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Nigeria WERE (2020 - 2021):

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Market Concentration

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In 2021, Nigeria's main exporting competitors in Petroleum Gas were:

In 2021, Nigeria's main importing competitors in Petroleum Gas were:

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