Trade Profiles
2021 Trade in commercial services
Transport
Travel Other commercial services
Industrial property
Merchandise trade Agricultural products Nonagricultural products
Nigeria
Nigeria
GDP (million current US$, 2020) GDP per capita (US$, 2018-2020) Current account balance (% GDP, 2020) Trade per capita (US$, 2018-2020) Trade (% GDP, 2018-2020)
429 423 2 155 -3.7 347 16.1
Rank in world trade, 2020 Merchandise excluding intra-EU trade Commercial services excluding intra-EU trade
Exports
55 38 78 52
Imports
47 30 39 26
MERCHANDISE TRADE Value
Million US$ Merchandise exports, f.o.b. Merchandise imports, c.i.f.
Annual percentage change
2020 35 634 55 390 2020 0.20
Share in world total exports (%)
2010-2020 -8 2
2019 3 28
2020 -43 0 2020 0.31
Share in world total imports (%)
Breakdown in economy's total exports
Breakdown in economy's total imports
By main commodity group, % (2019)
By main commodity group, % (2019)
Agricultural products: 1.6
Fuels and mining products: 74.9
Agricultural products: 9.1
Fuels and mining products: 14.2
Manufactures: 9.2
Other: 14.3
Manufactures: 62.3
Other: 14.4
By main destination, % (2019)
European Union: 36.7 Ghana: 7.5 United States of America: 5.3
By main origin, % (2019)
India: 15.4 South Africa: 5.9 Other: 29.3
China: 25.5 India: 12 Eswatini: 3.3
European Union: 24.4 United States of America: 9.9 Other: 25
Agricultural Products Value
Top exported products (Million US$) HS1207 HS1801 HS0801 HS2402 HS1804
2019 . 294 249 112 103 45
Other oil seeds, oleaginous fruits Cocoa beans, whole or broken Coconuts, Brazil nuts, cashew nuts Cigars, cheroots, cigarillos Cocoa butter, fat and oil
Value
Top imported products (Million US$) HS1001 HS1701 HS1901 HS0402 HS2207
2019
Wheat and meslin Cane or beet sugar Malt extract Milk and cream, concentrated Alcohol of 80% or more volume
1 266 463 430 344 185
Share in economy's trade in agricultural products Exports 0%
20%
Imports 40%
0%
HS1207
HS1001
HS1801
HS1701
HS0801
HS1901
HS2402
HS0402
HS1804
HS2207
20%
40%
Million US$ Exports Imports
Value
2019 946 4 219
Annual percentage change
2010-2019 -13 1
2018 55 -10
2019 -22 2
Non-Agricultural Products Value
Top exported products (Million US$) HS2709 HS2711 HS8908 HS8307 HS8905
2019
Petroleum oils, crude Petroleum gases Vessels for breaking up Flexible tubing of base metal Vessels not mainly for navigability
41 040 5 430 2 256 2 096 699
Value
Top imported products (Million US$) HS2710 HS8703 HS9018 HS7017 HS8711
2019
Petroleum oils, other than crude Motor cars for transport of persons Instruments for medical sciences Hygienic/pharmaceutical glassware Motor-cycles
7 061 2 704 2 617 1 446 1 376
Share in economy's trade in non-agricultural products Exports 0%
268
50%
Imports 100%
0%
HS2709
HS2710
HS2711
HS8703
HS8908
HS9018
HS8307
HS7017
HS8905
HS8711
10%
20%
Million US$ Exports Imports
Value
2019 52 672 43 150
Annual percentage change
2010-2019 -5 1
2018 40 46
2019 -14 11
World Trade Organization – Trade Profiles 2021
Nigeria TRADE IN COMMERCIAL SERVICES Value
Million US$ Commercial services exports Commercial services imports
Annual percentage change
2020
2010-2020
3 533 19 598 2020 0.07
Share in world total exports (%) Breakdown in economy's total exports
2019
2020
3 26
-21 -49
3 0
2020 0.43
Share in world total imports (%) Breakdown in economy's total imports
By main services item, % (2020)
By main services item, % (2020)
Transport: 58.1 Other commercial services: 33
Travel: 8.9 Goods-related services: 0
Transport: 27.2 Other commercial services: 44.4
By main destination
Travel: 28.3 Goods-related services: 0
By main origin
Value
FATS sales Inward (million US$) Outward (million US$)
Annual percentage change
2020 na na
2010-2020 na na
2019 na na
2020 na na
Transport Nigeria
200
World
100 0
2010
2013
2016
Value
Million US$ Exports Imports
2020
Transport exports (Index 2010=100)
2020 2 053 5 338
Exports By sea (2020) By air (2020) By other (2020)
2010-2020 0 -5
Value
Share (%)
2 009 44 0
97.8 2.2 0.0
Annual percentage change 2019 48 9
Imports By sea (2020) By air (2020) By other (2020)
2020 4 -22
Value
Share (%)
4 247 1 083 3
79.6 20.3 0.1
Travel Nigeria
500 400 300 200 100 0
World
Value
Million US$ Exports Imports
2010
2013
2016
2020 313 5 548
2010-2020 -6 0
Annual percentage change 2019 -26 41
2020 -78 -59
2020
Travel exports (Index 2010=100)
Other Commercial Services and Goods-related Services Million US$
Exports of OCS by main item (2020) 14.0
4.6
Financial services 47.7
33.8
Insurance & pension
Value
2020
2010-2020
Other commercial services Exports 1 166 Imports 8 704
31 4
2020
ICTs
Goods-related services Exports Imports
Other
Annual percentage change
2010-2020
0 8
na na
2019
2020
1 23
9 -52
2019
2020
na 8
na -85
INDUSTRIAL PROPERTY Patent applications, 2018 Residents
120
Non-residents
218
Trademark applications, 2019 Total
338
World Trade Organization – Trade Profiles 2021
Residents
11 341
Non-residents
7 317
Industrial design applications, 2013 Total
18 658
Residents
829
Non-residents
124
Total
953
269