About

Overview In 2022, Nigeria was the number 30 economy in the world in terms of GDP (current US$), the number 51 in total exports, the number 53 in total imports, the number 146 economy in terms of GDP per capita (current US$) and the number N/A most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Nigeria are Crude Petroleum ($52.1B), Petroleum Gas ($9.04B), Nitrogenous Fertilizers ($2B), Refined Petroleum ($1.04B), and Gold ($806M), exporting mostly to Spain ($9.41B), India ($8.2B), France ($4.95B), United States ($4.83B), and Netherlands ($4.23B).

Imports The top imports of Nigeria are Refined Petroleum ($20.7B), Wheat ($3.03B), Cars ($1.24B), Broadcasting Equipment ($852M), and Vaccines, blood, antisera, toxins and cultures ($845M), importing mostly from China ($21.4B), Belgium ($7.72B), Netherlands ($6.47B), India ($5.43B), and United States ($3.24B).

In 2022, Nigeria was the world's biggest importer of Other Vegetable Fibers Yarn ($30.2M)

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Nigeria.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Service Trade

Service Trade

Nigeria Exports Services (2019)$4.95B
Nigeria Imports Services (2019)$38.7B

In 2019, Nigeria exported $4.95B worth of services. The top services exported by Nigeria in 2019 were Transportation ($1.97B), Personal travel ($1.45B), Financial services ($685M), Government services, n.i.e. ($463M), and Computer and information services ($212M).

The top services imported by Nigeria in 2019 were Other business services ($16B), Personal travel ($11.9B), Transportation ($6.85B), Business travel ($1.58B), and Insurance services ($987M).

Service Exports (2019)

Service Imports (2019)

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