Nigeria Trade Profile '22

Industrial property Agricultural products Transport Nonagricultural products Other commercial services Travel Merchandise trade Trade in commercial services

Trade Profiles 2022

GDP (million current US$, 2021) 441 541 Rank in world trade, 2021 Exports Imports GDP per capita (US$, 2019-2021) 2 133 Merchandise 55 55 Current account balance (% GDP, 2021) -0.8 excluding intra-EU trade 37 37 Trade per capita (US$, 2019-2021) 317 Commercial services 86 48 Trade (% GDP, 2019-2021) 14.9 excluding intra-EU trade 60 31 Value Million US$ 2021 46 932 51 941 2021 2021 0.21 0.23 Breakdown in economy's total exports Breakdown in economy's total imports Value Value Top exported products (Million US$) 2021 Top imported products (Million US$) 2021 HS1801 Cocoa beans, whole or broken 560 HS1001 Wheat and meslin 2 723 HS1207 Other oil seeds, oleaginous fruits 302 HS1701 Cane or beet sugar 895 HS0801 Coconuts, Brazil nuts, cashew nuts 256 HS0402 Milk and cream, concentrated 459 HS2402 Cigars, cheroots, cigarillos 111 HS1511 Palm oil and its fractions 442 HS2304 Solid residues from soya-bean oil 68 HS1901 Malt extract 336 Share in economy's trade in agricultural products Value Million US$ 2021 2010-2021 2020 2021 Exports 1 556 -6 10 49 Imports 6 915 5 71 -4 Value Value Top exported products (Million US$) 2021 Top imported products (Million US$) 2021 HS2709 Petroleum oils, crude 35 998 HS2710 Petroleum oils, other than crude 15 731 HS2711 Petroleum gases 5 829 HS8703 Motor cars for transport of persons 1 742 HS8905 Vessels not mainly for navigability 1 233 HS3004 Medicaments in measured doses 1 107 HS3102 Nitrogenous fertilisers 942 HS8517 Line telephony electrical apparatus 753 HS2716 Electrical energy 218 HS0303 Fish, frozen, excluding fish fillet 704 Share in economy's trade in non-agricultural products Value Million US$ 2021 2010-2021 2020 2021 Exports 45 676 -5 -36 35 Imports 45 154 1 12 -6 By main commodity group, % (2020) By main destination, % (2021) By main origin, % (2021) Annual percentage change Annual percentage change

Merchandise exports, f.o.b. -5 -43 32 Merchandise imports, c.i.f. Annual percentage change 2010-2021 2020 2021 1 -35 45 Share in world total imports (%) By main commodity group, % (2020) Share in world total exports (%) 0% 50% 100% HS2709 HS2711 HS8905 HS3102 HS2716 Exports 0% 20% 40% HS2710 HS8703 HS3004 HS8517 HS0303 Imports 0% 20% 40% 60% HS1001 HS1701 HS0402 HS1511 HS1901 Imports 0% 20% 40% HS1801 HS1207 HS0801 HS2402 HS2304 Exports Agricultural products: 3.1 Fuels and mining products: 87.2 Manufactures: 7.7 Other: 2.1 Agricultural products: 15.5 Fuels and mining products: 16.5 Manufactures: 67.7 Other: 0.4 European Union: 36.3 India: 16.4 Canada: 4.5 United States of America: 4.2 Indonesia: 3.9 Other: 34.7 European Union: 30.3 China: 24.7 India: 8.8 United States of America: 6.1 Russian Federation: 4 Other: 26

268 World Trade Organization – Trade Profiles 2022

Nigeria

Value Million US$ 2021 3 617 14 897 2021 2021 0.06 0.27 Breakdown in economy's total exports Breakdown in economy's total imports Value FATS sales 2021 Inward (million US$) na Outward (million US$) na Value Million US$ 2021 Exports 2 243 Imports 4 746 Exports Value Imports Value Share (%) By sea (2021) 2 194 By sea (2021) 3 777 79.6 By air (2021) 48 By air (2021) 963 20.3 By other (2021) 0 By other (2021) 3 0.1 Value Million US$ 2021 Exports 294 Imports 5 258 Million US$ Value 2021 Other commercial services Exports 1 081 Imports 4 886 2020 Goods-related services Exports 0 Imports 8 Residents Total Residents Total Residents Total 410 598 1 008 na na 9 324 1 016 200 1 216 Travel exports (Index 2010=100) na na 2020 Travel 2021 2010-2021 Transport exports (Index 2010=100) 9 -5 -22 -11 Annual percentage change Share (%) 97.8 2.2 0.0 na na -49 na na na 2010-2021 2020 2021 Annual percentage change By main services item, % (2021) By main origin -21 2 -3 2010-2021 2020 -24 Commercial services exports Commercial services imports 3 2021

By main services item, % (2021) By main destination Share in world total exports (%) Share in world total imports (%) Annual percentage change Transport Annual percentage change 2010-2021 2020 2021 1 4 -6 -1 -78 -6 -59 -5 INDUSTRIAL PROPERTY na 8 -85 -44 -52 -2 Non-residents Non-residents Non-residents Other Commercial Services and Goods-related Services 2020 9 -7 Annual percentage change 2010-2021 2021 2010-2020 2019 2020 na na 27 Exports of OCS by main item (2021) Patent applications, 2020 Trademark applications, 2020 Industrial design applications, 2020 0 100 200 300 400 500 2010 2014 2018 2021 Nigeria World 0 100 200 2010 2014 2018 2021 Nigeria World Transport: 62 Travel: 8.1 Other commercial services: 29.9 Goods-related services: 0 Transport: 31.9 Travel: 35.3 Other commercial services: 32.8 Goods-related services: 0 59.9 24.6 12.5 2.9 Financial services Insurance & pension ICTs Other Nigeria 269 World Trade Organization – Trade Profiles 2022