In the first quarter of 2024, Nigeria's main import partner was China. In that period, China accounted for about 23.2 percent of the total imports. India and the U.S followed with roughly 8.5 percent and eight percent, respectively. The largest value of imports in Nigeria derives from mineral products.

In the first quarter of 2024, Nigeria's main export partner was France. Between January and March of the said year, France accounted for about 11.1 percent of the total exports. Spain followed, with around 10.6 percent. Mineral fuels represent Nigeria's main exports in terms of value.

Nigeria's total Exports in 2024 were valued at US$52.36 Billion, according to the United Nations COMTRADE database on international trade. Nigeria's main export partners were: Spain, France and the Netherlands. The top three export commodities were: Mineral fuels, oils, distillation products; Cocoa and cocoa preparations and Fertilizers. Total Imports were valued at US$40.97 Billion. In 2024, Nigeria had a trade surplus of US$11.39 Billion.

Top Import Trading Partners of Nigeria with import value and Year on Year growth comparison

Nigeria imports considerably more than it exports. China is the main importing country, while India represents the main export trade partner. The highest import value derives from mineral fuels, oils, and distillation products. Similarly, crude oil, petrol, and fuel represent Nigeria's main source of export value.

Nigeria recorded a trade surplus of 1993618.60 NGN Million in March of 2025. This dataset provides - Nigeria Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Techsalerator’s Import/Export Trade Data for Africa

Techsalerator’s Import/Export Trade Data for Africa offers a thorough and detailed examination of trade activities across the African continent. This extensive dataset provides valuable insights into import and export transactions involving companies throughout Africa, covering a wide range of countries and regions.

Coverage Across All African Countries

The dataset includes comprehensive trade data for all African countries, divided into key regions:

North Africa:

Egypt Libya Mauritania Morocco Algeria Sudan Tunisia East Africa: 8. Burundi 9. Comoros 10. Djibouti 11. Eritrea 12. Ethiopia 13. Kenya 14. Madagascar 15. Malawi 16. Mauritius 17. Rwanda 18. Seychelles 19. Somalia 20. Tanzania 21. Uganda

West Africa: 22. Benin 23. Burkina Faso 24. Cape Verde 25. Ivory Coast (Côte d'Ivoire) 26. Gambia 27. Ghana 28. Guinea 29. Guinea-Bissau 30. Liberia 31. Mali 32. Niger 33. Nigeria 34. Senegal 35. Sierra Leone 36. Togo

Central Africa: 37. Angola 38. Cameroon 39. Central African Republic 40. Chad 41. Congo, Democratic Republic of the 42. Congo, Republic of the 43. Equatorial Guinea 44. Gabon 45. São Tomé and Príncipe

Southern Africa: 46. Botswana 47. Eswatini (Swaziland) 48. Lesotho 49. Namibia 50. South Africa 51. Zimbabwe

Comprehensive Data Features

Transaction Details: The dataset includes detailed information on each trade transaction, such as product descriptions, quantities, values, and dates. This allows for precise tracking and analysis of trade patterns and flows across Africa.

Company Information: It provides specific details about the trading companies involved, including company names, locations, and industry sectors, facilitating targeted market research and competitive analysis.

Categorization: Transactions are categorized by industry sectors, product types, and trade partners, offering insights into market dynamics and sector-specific trends within different regions of Africa.

Trade Trends: Users can analyze historical data to observe trade trends, identify emerging markets, and assess the impact of economic, political, or environmental events on trade activities across the continent.

Geographical Insights: The data provides insights into regional trade flows and cross-border dynamics within Africa and with global trade partners, including major international trade relationships.

Regulatory and Compliance Data: Information on trade regulations, tariffs, and compliance requirements is included, helping businesses navigate the complex regulatory environments across various African countries.

Applications and Benefits

Market Research: Businesses can leverage the data to uncover new market opportunities, analyze competitive landscapes, and understand demand for specific products across different African countries and regions.

Strategic Planning: Companies can use insights from the data to develop effective trade strategies, optimize supply chains, and manage risks associated with international trade in Africa.

Economic Analysis: Analysts and policymakers can monitor economic performance, evaluate trade balances, and make informed decisions on trade policies and economic development initiatives.

Investment Decisions: Investors can assess trade trends and market potentials to make informed decisions about investments in Africa’s diverse and rapidly evolving economies.

Techsalerator’s Import/Export Trade Data for Africa provides a crucial resource for organizations involved in international trade, offering a detailed, reliable, and expansive view of trade activities across the African continent.

Nigeria's total Imports in 2024 were valued at US$40.97 Billion, according to the United Nations COMTRADE database on international trade. Nigeria's main import partners were: China, Belgium and India. The top three import commodities were: Mineral fuels, oils, distillation products; Machinery, nuclear reactors, boilers and Vehicles other than railway, tramway. Total Exports were valued at US$52.36 Billion. In 2024, Nigeria had a trade surplus of US$11.39 Billion.

Between April and June 2023, Nigeria exported some *** trillion Nigerian naira (NGN) of crude oil, roughly ***** billion U.S. dollars. Europe and Asia are Nigeria's main trade partners for crude oil exports. In the fourth quarter of 2023, crude oil exported to Europe amounted to about **** trillion NGN, while exports to Asia followed with around *** trillion NGN. Overall, the exports of crude oil experienced an increase in the said period. Oil exports represent Nigeria's main source of exports. Generally, the country's economy was significantly impacted by the COVID-19 pandemic.

In 2023, intra-African export trade in Nigeria totaled around 6.5 billion U.S. dollars. This marked an increase of over 11.4 percent compared to the previous year. According to a survey, African CEOs recognize the lack of access to information on markets, opportunities, and trading partners as major constraints preventing intra-African export trade.

In 2023, Europe and Asia were Nigeria's main trade partners in terms of oil products other than crude oil. During the second quarter of 2023, the value of such products exported to Europe amounted to approximately *** trillion Nigerian naira, roughly *** million U.S. dollars. Exports to Asia reached around *** trillion NGN, approximately *** million U.S. dollars.

The United Arab Emirates was the main importer of gold from Nigeria in 2023. Gold exports to the country represented over 81 percent of the total gold exports. Switzerland was the other export trade partner of Nigeria, accounting for around 19 percent of the gold exports that year.

Statistics illustrates the import volume of Laptops and Palm-Top Computers in Nigeria from 2007 to 2024 by trade partner.

As of 2023, crude oil exports from Nigeria accounted for over 80 percent of the country's total exports. In the preceding year, the share was slightly lower, at around 79 percent. India and Spain were the main trading partners of Nigeria in terms of crude oil exports in 2021.

Russia is one of Nigeria's main import trade partners. In 2023, over 1.5 billion U.S. dollars worth of goods were imported from Russia into Nigeria, which was a significant increase from roughly . However, recent developments in Russia's invasion of Ukraine have been seen as a threat to this trade relationship.

The United States imported 168,000 barrels of petroleum from Nigeria in 2024. Nigeria used to be among the largest suppliers of petroleum to the U.S. However, as Canada has increased its oil sands production, it has emerged as the main U.S. trading partner for petroleum products.

As of 2021, Nigeria and South Africa were the main importers from China in Africa. The two African countries imported from the Asian partner some **** billion and **** billion U.S. dollars, respectively. Chinese exports to Egypt followed closely, with a value of **** billion U.S. dollars. Overall, the trade between African countries and China has been increasing in the last two decades. In 2020, Chinese exports to Africa were valued at ****** billion U.S. dollars.

In 2021, Europe was Nigeria's main trade partner in terms of agricultural product exports. As of the ************** of 2021, the export value of agricultural products to Asia amounted to approximately **** billion Nigerian naira (NGN) - roughly ***** million U.S. dollars. Asia was the second largest destination region for the products, as the exports added up to around **** billion NGN, corresponding to ***** million U.S. dollars.

In 2020, the leading countries to which Nigeria exported coconut oil were Poland and Portugal. Nigeria's other main export trade partners for coconut oil were the United States and Vietnam, with shares reaching approximately ** percent and **** percent, respectively. Coconut oil exports from Nigeria amounted to ******* U.S. dollars in 2020.

In 2021, Europe was Nigeria's main trade partner in agricultural product imports. During the fourth quarter of 2021, the import value of agricultural products from Europe amounted to approximately 394 .2 billion Nigerian naira (NGN), roughly ***** million U.S. dollars. Asia was the second largest resource region for agricultural products, whose exports to Nigeria added up to over *** billion NGN, around ***** million U.S. dollars.