Overview: This page contains the latest international trade data for Nigeria, including service trade data, and tariffs. 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.