Canada / Nigeria

Overview In August 2024, Canada exported C$26.4M and imported C$120M from Nigeria, resulting in a negative trade balance of C$94.1M. Between August 2023 and August 2024 the exports of Canada have decreased by C$-13.3M (-33.5%) from C$39.7M to C$26.4M, while imports decreased by C$-141M (-54%) from C$262M to C$120M.

Trade In August 2024, the top exports of Canada to Nigeria were Wheat (C$65.1M), Cars (C$4.63M), Gas Turbines (C$4.3M), Motor vehicles; parts and accessories (8701... (C$127k), and Used Clothing (C$108k). In August 2024 the top imports of Canada from Nigeria were Crude Petroleum (C$125M), Cocoa Beans (C$4.04M), Soybeans (C$1.6M), Spices (C$151k), and Other Oily Seeds (C$123k).

Origins In August 2024 the exports of Canada were mainly from Ontario (C$7.5M), Alberta (C$5.84M), Saskatchewan (C$5.47M), Quebec (C$3.38M), and Manitoba (C$2.71M), while imports destinations were mainly New Brunswick (C$115M), Quebec (C$3.95M), Ontario (C$1.11M), Nova Scotia (C$345k), and Alberta (C$184k).

Growth In August 2024, the decrease in Canada's year-by-year exports to Nigeria was explained primarily by an decrease in product exports in Cars (C$-2.23M or -32.5%), Telephones (C$-118k or -95.3%), and Used Clothing (C$-61.4k or -36.2%). In August 2024, the decrease in Canada's year-by-year imports  from Nigeria was explained primarily by an decrease in product imports  in Cocoa Beans (C$-1.02M or -20.2%), Unprocessed Synthetic Staple Fibers (C$-200k or -83.9%), and Other Oily Seeds (C$-198k or -61.7%).