Exporting to Nigeria

Nigeria Export Guide | Trade Finance Global

Exporting to Nigeria

The main exports from Nigeria are oil and natural gas. Destinations of Nigeria are India (around $12B), Spain (under $7B) Brazil (under $10B), United States (around $10B) and the Netherlands (around $5B). The main exports of Nigeria are crude petroleum (around $75B), petroleum gas (around $10B), refined petroleum (around $3B), cocoa beans (around $560M) and special purpose ships (around $460M).

Nigeria sits on the borders Cameroon, Niger, Benin and Chad by land and Sao Tome, Ghana, Equitorial Guinea and Principe by sea. The country exports over 2.2 million barrels of oil a day and ranks eighth in the world, with agricultural production being the second largest export and employing over 70% of the workforce. On average, Nigeria has around 35 billion barrels of oil reserves. The total exports from the country sit at around US$45 billion with major items of export being oil products and timber. The US and UK are the main trading partners for Nigerian exports. The trade balance changes with the fluctuating oil price and Nigeria’s import trade is able to balance export revenue. The country’s imports grosses around US$42 billion. The main imports are heavy equipment, machinery, consumer goods and food products. Many imports come from the EU, mainly the UK, Netherlands, Germany and France. South Korea, China and the US are major import trade partners. There are many companies that operate in Nigeria, which include Unilever, Diageo, Shell, Virgin Atlantic, British Gas and Cadbury.

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1.00 GBP
British Pound
1.00 GBP = 472.000 NGN
=
472.000 NGN
Nigerian Naira
1.00 NGN = 0.00211 GBP

Country Profile

CapitalFederal Republic of Nigeria Jamhuriyar Taraiyar Nijeriya(Hausa) ??h?jk?? ??hnz Najryࠠ(Igbo) Orl??-d Olmniira Alpap?? Njrࠠ(Yoruba) Flag Coat of arms Motto:"Unity and Faith, Peace and Progress" Anthem:Arise, O Compatriots Location of Nigeria shown in dark green Abuja
Population 185,989,640
Area 923,768  km2 (356,669 sq mi)
km2 (32nd)
Currency Naira (NGN)
GDP
Languages English

Nigeria: Imports Profile

Imports from Nigeria

Imports from Nigeria: $52.79 billion
Import commodities:Industry supplies, machinery, appliances, vehicles, aircraft parts, chemicals, base metals (2015)
Top import destinations:China 22.5%, United States 9.6%, India 7.7%, Belgium 5.6%, Netherlands 5.4%
GDP growth (annual %)

Importing from Nigeria? Contact our local experts

Country Profile

CapitalFederal Republic of Nigeria Jamhuriyar Taraiyar Nijeriya(Hausa) ??h?jk?? ??hnz Najryࠠ(Igbo) Orl??-d Olmniira Alpap?? Njrࠠ(Yoruba) Flag Coat of arms Motto:"Unity and Faith, Peace and Progress" Anthem:Arise, O Compatriots Location of Nigeria shown in dark green Abuja
Population 185,989,640
Area 923,768  km2 (356,669 sq mi)
km2 (32nd)
Currency Naira (NGN)
GDP
Languages English

-1.79

Econ Complexity 107th of 184
1980
2016

$47.8B

Exports 49th of 221
1980
2016

$39.5B

Imports 53rd of 221
1980
2016

$6k

GDP Per Capita 124th of 184
1990
2016
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