Nigeria (NGA)

Annual exports and imports in 2024 (USD).

Source: UN Comtrade. Warehouse 1: partner = World totals by HS4 and year.

Exports

$52.36B

Imports

$40.97B

Total trade

$93.33B

Trade balance

$11.39B

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Nigeria - trade dependency by partner, 2024 (USD)

Share of exports, imports, and total trade attributed to each partner.

Year: 2024 | Unit: USD | Snapshot: 20251222 | Source: UN Comtrade

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Showing top 10 partners by total dependency.

Rank #1

China (CHN)

Total

12.4%

Exports

3.9%

$2.03B

Imports

23.3%

$9.57B

Total

12.4%

$11.59B

Rank #2

India (IND)

Total

8.7%

Exports

7.5%

$3.91B

Imports

10.2%

$4.18B

Total

8.7%

$8.09B

Rank #3

USA (USA)

Total

7.0%

Exports

7.3%

$3.80B

Imports

6.7%

$2.76B

Total

7.0%

$6.56B

Rank #4

Spain (ESP)

Total

7.0%

Exports

10.5%

$5.50B

Imports

2.4%

$991.67M

Total

7.0%

$6.49B

Rank #5

Netherlands (NLD)

Total

6.7%

Exports

9.0%

$4.69B

Imports

3.8%

$1.56B

Total

6.7%

$6.25B

Rank #6

France (FRA)

Total

6.2%

Exports

9.0%

$4.70B

Imports

2.7%

$1.12B

Total

6.2%

$5.82B

Rank #7

Belgium (BEL)

Total

5.1%

Exports

0.0%

Imports

11.6%

$4.73B

Total

5.1%

$4.73B

Rank #8

Italy (ITA)

Total

3.6%

Exports

5.2%

$2.70B

Imports

1.6%

$638.28M

Total

3.6%

$3.34B

Rank #9

Indonesia (IDN)

Total

3.5%

Exports

5.6%

$2.94B

Imports

0.8%

$317.86M

Total

3.5%

$3.26B

Rank #10

Canada (CAN)

Total

3.1%

Exports

5.5%

$2.86B

Imports

0.0%

Total

3.1%

$2.86B

Rank	Partner	Export dependency	Import dependency	Total dependency
1	China (CHN)	3.9% $2.03B	23.3% $9.57B	12.4% $11.59B
2	India (IND)	7.5% $3.91B	10.2% $4.18B	8.7% $8.09B
3	USA (USA)	7.3% $3.80B	6.7% $2.76B	7.0% $6.56B
4	Spain (ESP)	10.5% $5.50B	2.4% $991.67M	7.0% $6.49B
5	Netherlands (NLD)	9.0% $4.69B	3.8% $1.56B	6.7% $6.25B
6	France (FRA)	9.0% $4.70B	2.7% $1.12B	6.2% $5.82B
7	Belgium (BEL)	0.0% $0	11.6% $4.73B	5.1% $4.73B
8	Italy (ITA)	5.2% $2.70B	1.6% $638.28M	3.6% $3.34B
9	Indonesia (IDN)	5.6% $2.94B	0.8% $317.86M	3.5% $3.26B
10	Canada (CAN)	5.5% $2.86B	0.0% $0	3.1% $2.86B

Generated by TradeVedia.comSource: UN Comtrade

In 2024, Nigeria's total trade reached $93.3B, with exports of $52.4B and imports of $41.0B, resulting in a positive trade balance of $11.4B.
The country ranked 53rd globally for total trade, 49th for exports, and 56th for imports.
Nigeria's top export destination was Spain, receiving goods valued at $5.5B, which accounts for 10.5% of total exports.
China was the largest source of imports, supplying $9.6B worth of goods, representing 23.3% of Nigeria's total imports.
The leading export category was Mineral fuels (HS2 27), with a value of $46.4B, making up 88.6% of the country's total exports.
Mineral fuels (HS2 27) also dominated imports, with a total value of $15.6B, or 38.0% of all incoming goods.

Nigeria's International Trade Performance in 2024

In 2024, Nigeria's economy demonstrated a total trade volume of $93.3B, ranking it 53rd globally. The nation's exports amounted to $52.4B against imports of $41.0B, yielding a trade surplus of $11.4B. The top export partners were Spain, France, and the Netherlands, with Spain receiving 10.5% of Nigeria's exports at a value of $5.5B. On the import side, Nigeria's primary partners were China, Belgium, and India. China accounted for 23.3% of total imports, with a value of $9.6B.

Top Traded Goods in 2024

Nigeria's export landscape in 2024 was heavily dominated by Mineral fuels, mineral oils and products of their distillation (HS2 27), which constituted 88.6% of total exports with a value of $46.4B. The second most significant export was Cocoa and cocoa preparations (HS2 18) at $1.9B. For imports, Mineral fuels also represented the largest category, valued at $15.6B or 38.0% of the total. Following this was Machinery and mechanical appliances (HS2 84), with imports worth $4.3B.

Exports

Nigeria - exports over time (Exports), 2015-2024 (USD)

Annual reported export values across available years.

Flow: Exports | Years: 2015-2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade

Top export categories

Largest HS2 categories by export value in the selected year.

#1 • HS 27

Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

$46.40B

88.6% share

#2 • HS 18

Cocoa and cocoa preparations

$1.92B

3.7% share

#3 • HS 31

Fertilizers

$850.36M

1.6% share

#4 • HS 12

Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruit, industrial or medicinal plants; straw and fodder

$683.91M

1.3% share

#5 • HS 89

Ships, boats and floating structures

$639.14M

1.2% share

#6 • HS 76

Aluminium and articles thereof

$343.11M

0.7% share

#7 • HS 08

Fruit and nuts, edible; peel of citrus fruit or melons

$278.75M

0.5% share

#8 • HS 71

Natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin

$147.36M

0.3% share

#9 • HS 74

Copper and articles thereof

$124.64M

0.2% share

#10 • HS 26

Ores, slag and ash

$101.04M

0.2% share

#11 • HS 06

Trees and other plants, live; bulbs, roots and the like; cut flowers and ornamental foliage

$89.33M

0.2% share

#12 • HS 78

Lead and articles thereof

$80.28M

0.2% share

#13 • HS 40

Rubber and articles thereof

$69.92M

0.1% share

#14 • HS 25

Salt; sulphur; earths, stone; plastering materials, lime and cement

$63.59M

0.1% share

#15 • HS 24

Tobacco and manufactured tobacco substitutes; products, whether or not containing nicotine, intended for inhalation without combustion; other nicotine containing products intended for the intake of nicotine into the human body

$62.28M

0.1% share

Rank	Category	Value	Share
1	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	$46.40B	88.6%
2	Cocoa and cocoa preparations	$1.92B	3.7%
3	Fertilizers	$850.36M	1.6%
4	Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruit, industrial or medicinal plants; straw and fodder	$683.91M	1.3%
5	Ships, boats and floating structures	$639.14M	1.2%
6	Aluminium and articles thereof	$343.11M	0.7%
7	Fruit and nuts, edible; peel of citrus fruit or melons	$278.75M	0.5%
8	Natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin	$147.36M	0.3%
9	Copper and articles thereof	$124.64M	0.2%
10	Ores, slag and ash	$101.04M	0.2%
11	Trees and other plants, live; bulbs, roots and the like; cut flowers and ornamental foliage	$89.33M	0.2%
12	Lead and articles thereof	$80.28M	0.2%
13	Rubber and articles thereof	$69.92M	0.1%
14	Salt; sulphur; earths, stone; plastering materials, lime and cement	$63.59M	0.1%
15	Tobacco and manufactured tobacco substitutes; products, whether or not containing nicotine, intended for inhalation without combustion; other nicotine containing products intended for the intake of nicotine into the human body	$62.28M	0.1%

Labels hide HS codes by default — hover a category to reveal the code.

Nigeria - export composition by product categories (Exports), 2024 (USD)

Largest product categories by export value in the selected year.

Flow: Exports | Year: 2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade

Nigeria - export composition by 4-digit product groups (Exports), 2024 (USD)

Area reflects share within the displayed list; hover for product codes.

Flow: Exports | Year: 2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade

Imports

Nigeria - imports over time (Imports), 2015-2024 (USD)

Annual reported import values across available years.

Flow: Imports | Years: 2015-2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade

Top import categories

Largest HS2 categories by import value in the selected year.

#1 • HS 27

Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

$15.57B

38.0% share

#2 • HS 84

Machinery and mechanical appliances, boilers, nuclear reactors; parts thereof

$4.34B

10.6% share

#3 • HS 87

Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof

$2.32B

5.7% share

#4 • HS 85

Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles

$2.32B

5.7% share

#5 • HS 39

Plastics and articles thereof

$1.82B

4.5% share

#6 • HS 99

Commodities not specified according to kind

$1.37B

3.3% share

#7 • HS 10

Cereals

$1.21B

3.0% share

#8 • HS 73

Iron or steel articles

$754.75M

1.8% share

#9 • HS 17

Sugars and sugar confectionery

$698.63M

1.7% share

#10 • HS 29

Organic chemicals

$697.70M

1.7% share

#11 • HS 03

Fish and crustaceans, molluscs and other aquatic invertebrates

$684.59M

1.7% share

#12 • HS 30

Pharmaceutical products

$642.98M

1.6% share

#13 • HS 38

Chemical products n.e.c.

$612.46M

1.5% share

#14 • HS 48

Paper and paperboard; articles of paper pulp, of paper or paperboard

$467.93M

1.1% share

#15 • HS 88

Aircraft, spacecraft, and parts thereof

$433.36M

1.1% share

Rank	Category	Value	Share
1	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	$15.57B	38.0%
2	Machinery and mechanical appliances, boilers, nuclear reactors; parts thereof	$4.34B	10.6%
3	Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof	$2.32B	5.7%
4	Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles	$2.32B	5.7%
5	Plastics and articles thereof	$1.82B	4.5%
6	Commodities not specified according to kind	$1.37B	3.3%
7	Cereals	$1.21B	3.0%
8	Iron or steel articles	$754.75M	1.8%
9	Sugars and sugar confectionery	$698.63M	1.7%
10	Organic chemicals	$697.70M	1.7%
11	Fish and crustaceans, molluscs and other aquatic invertebrates	$684.59M	1.7%
12	Pharmaceutical products	$642.98M	1.6%
13	Chemical products n.e.c.	$612.46M	1.5%
14	Paper and paperboard; articles of paper pulp, of paper or paperboard	$467.93M	1.1%
15	Aircraft, spacecraft, and parts thereof	$433.36M	1.1%

Labels hide HS codes by default — hover a category to reveal the code.

Nigeria - import composition by product categories (Imports), 2024 (USD)

Largest product categories by import value in the selected year.

Flow: Imports | Year: 2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade

Nigeria - import composition by 4-digit product groups (Imports), 2024 (USD)

Area reflects share within the displayed list; hover for product codes.

Flow: Imports | Year: 2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade