Overview In 2020, Nigeria was the number 26 economy in the world in terms of GDP (current US$), the number 50 in total exports, the number 48 in total imports,
the number 157 economy in terms of GDP per capita (current US$) and the number 125 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Nigeria are Crude Petroleum ($30B), Petroleum Gas ($5.89B), Scrap Vessels ($1.29B), Special Purpose Ships ($775M), and Refined Petroleum ($613M), exporting mostly to India ($6.27B), Spain ($4.8B), China ($2.54B), Netherlands ($2.24B), and South Africa ($2.17B).
In 2020, Nigeria was the world's biggest exporter of Scrap Vessels ($1.29B)
Imports The top imports of Nigeria are Refined Petroleum ($7.75B), Cars ($3.03B), Wheat ($2.15B), Packaged Medicaments ($1.38B), and Telephones ($771M), importing mostly from China ($17.4B), Netherlands ($4.58B), United States ($4.49B), India ($3.46B), and Belgium ($1.99B).
In 2020, Nigeria was the world's biggest importer of Artificial Filament Tow ($188M), Embroidery ($143M), Potato Flours ($102M), Matches ($16.3M), and Phosphides ($44k)
Location Nigeria borders Benin, Cameroon, Chad, and Niger by land and Equatorial Guinea, Ghana, and Sao Tome and Principe by sea.