Overview: In 2018 Nigeria was the number 29 economy in the world in terms of GDP (current US$), the number 50 in total exports, the number 53 in total imports, and the number 134 most complex economy according to the Economic Complexity Index (ECI). In 2018, Nigeria exported $59.5B and imported $48.7B, resulting in a positive trade balance of $10.9B. In 2018, Nigeria's exports per capita were $304 and its imports per capita were $248.
Trade: The top exports of Nigeria are Crude Petroleum ($44.8B), Petroleum Gas ($8.61B), Refined Petroleum ($940M), Cocoa Beans ($621M), and Gold ($577M). The top imports of Nigeria are Refined Petroleum ($9.95B), Special Purpose Ships ($4B), Wheat ($1.64B), Cars ($1.27B), and Packaged Medicaments ($1.04B).
Destinations: Nigeria exports mostly to India ($10B), Spain ($6.12B), United States ($5.74B), France ($4.02B), and South Africa ($3.87B), and imports mostly from China ($13.4B), Netherlands ($5B), South Korea ($4.76B), Belgium-Luxembourg ($3.37B), and India ($2.76B).
Location: Nigeria borders Benin, Cameroon, Chad, and Niger by land and Equatorial Guinea, Ghana, and Sao Tome and Principe by sea.