Exports: In 2019, Nigeria exported $556M in Refined Petroleum, making it the 69th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 7th most exported product in Nigeria. The main destination of Refined Petroleum exports from Nigeria are: United States ($110M), Netherlands ($98.1M), United Kingdom ($96.8M), France ($59.5M), and Belgium ($49.7M).
The fastest growing export markets for Refined Petroleum of Nigeria between 2018 and 2019 were United Kingdom ($96.8M), South Korea ($46.1M), and Germany ($31M).
Imports: In 2019, Nigeria imported $10B in Refined Petroleum, becoming the 19th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Nigeria. Nigeria imports Refined Petroleum primarily from: Netherlands ($4.33B), Belgium ($2.14B), United Kingdom ($635M), Norway ($557M), and Benin ($356M).
The fastest growing import markets in Refined Petroleum for Nigeria between 2018 and 2019 were Netherlands ($491M), Benin ($355M), and India ($256M).
Tariffs: In 2016, the average tariff for Nigeria in Refined Petroleum was 7.4%. The countries with the highest import tariffs for Refined Petroleum were Angola (7.83%), Burundi (7.83%), Botswana (7.83%), Central African Republic (7.83%), and Cameroon (7.83%).