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Nigeria Export Data

The Federal Republic of Nigeria is another name for Nigeria. West Africa is home to Nigeria. The nation is situated directly between the Gulf of Guinea to the south and the Sahel to the north. Nigeria is made up of 36 states because it is a federal country. In terms of land area, Nigeria is ranked 14th in Africa. In terms of area, Nigeria is ranked 32nd in the world. Nigeria ranked 56th in the world as the top exporter of products in 2022, according to trade data from the country. In 2022, Nigeria exported goods worth a total of $69.09 billion. Nigeria's goods exports rose by 34% in comparison to 2021. In 2022, goods exports increased by $16.1 billion. Nigeria's export data is crucial for understanding the country's economic performance, identifying market opportunities, and formulating effective policies. In 2022, Nigeria witnessed a diversification of export sectors, with a particular focus on non-oil exports such as agriculture and manufacturing. Let us now delve into Nigeria's export data, specifically focusing on the trends, export market, and key export projections for 2022.

Nigeria Export Data | Nigeria Trade Data

56

The country has been ranked 56th in global exports, showing a significant position in the international trade and export landscape.

0.18%

With a mere 0.18% share in global export trade, it becomes evident that its presence in the international export market is fairly on the rise.

INDIA

India holds a significant role as the largest export partner of the country in terms of goods exports and export share.

PETROLEUM OIL AND CRUDE

Petroleum oil and crude are the major and biggest export commodities of the country, playing a vital role in its economy.

export

Top 10 Exports of Nigeria

Nigeria, a leading economic powerhouse in Africa, boasts a diverse range of top exports that contribute significantly to its thriving economy. The top 10 exports of Nigeria not only drive revenue generation but also enhance Nigeria's position in global trade. The top 10 Exports of Nigeria in 2022, according to its export data are:

  • Petroleum oils and crude: 78% ($49 billion)
  • Petroleum gases and other gaseous hydrocarbons: 11.6% ($7.39 billion)
  • Mineral or chemical fertilizers, nitrogenous: 3.02% ($1.91 billion)
  • Light vessels, fire-floats, dredgers, floating cranes: 0.973% ($617 million)
  • Cocoa beans, raw or roasted: 0.875% ($555 million)
  • Other oil seeds and oleaginous fruits: 0.54% ($342 million)
  • Unwrought aluminum: 0.403% ($256 million)
  • Coconuts, Brazil nuts, and cashew nuts: 0.389% ($246 million)
  • Electrical energy: 0.247% ($156 million)
  • Gold: 0.236% ($150 million)
    • Partners

    Top 10 Export Partners of Nigeria

    Nigeria's top 10 export partners consist of countries that have established strong trade relationships with this West African nation. Expanding business opportunities in these markets has bolstered Nigeria's export industry, allowing it to maximize its potential on an international scale. Nigeria’s top 10 Export Partners in 2022 include:

    Value In Percentage(%)

  • India: 12.6% (8.01 billion US$)
  • Spain: 11.9% (7.58 billion US$)
  • Netherlands: 9.59% (6.08 billion US$)
  • Indonesia: 7.42% (4.7 billion US$)
  • USA: 6.95% (4.4 billion US$)
  • France: 5.76% (3.65 billion US$)
  • Italy: 4.15% (2.63 billion US$)
  • Côte d`Ivoire: 3.35% (2.13 billion US$)
  • Canada: 2.99% (1.89 billion US$)
  • Portugal: 2.95% (1.87 billion US$)
    • Sample Data

    What is Nigeria's export data?

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    In this report, we also include the importers’/exporter's names and address details in our customs database. In our comprehensive customs database, we ensure that every detail is meticulously recorded, including the importer and exporter name and address, for seamless communication and efficient trade data for businesses worldwide. Nigeria's export data refers to the comprehensive information on the goods and services shipped out of the country to other nations. It includes various data points such as the value, quantity, destination country, and product classification. This data is collected by the Nigerian Customs Service and other relevant agencies. Nigeria's exports play a crucial role in driving economic growth by earning foreign exchange and creating employment opportunities. By acquiring Nigeria's export data, policymakers can identify sectors that contribute the most to the country's GDP and take necessary measures to support their growth. According to Nigeria's trade data, Nigeria exported goods worth a total of $63 billion in 2022. There are several different fields, including the total value of the currency, product description, quantity, price, and more, in Nigeria's export data and trade data. It contains information such as the destination country, exporter name, and HS codes. For dealers and marketers, this bespoke export data is extremely valuable information. Nigerian export data contains compiled information about shipments as well as data. It is based on trade data from Nigeria.

    Benefits

    Benefits of Nigeria’s Export Data

  • Produce enhanced export sales from the Nigerian export market.
  • Determine the recent demand for products in Nigeria.
  • Monitor competitors and outperform them.
  • Build your marketing plan based on export data.
  • Create a major impact on Nigeria's export market.
  • Establish goals for the future and maximize earnings
  • You’ll receive the name and address of the importer/exporter in our reports.

    • Frequently Asked Questions!!

    According to recent data, Nigeria exported goods worth a total of $63 billion. Nigeria's goods exports rose by 34% from the previous year.

    Nigeria's main exports include crude petroleum, cocoa, rubber, and oil seeds.

    Nigeria's export data has been steadily increasing over the past few years, with a notable growth of 34% in 2022.

    The top destinations for Nigeria's exports are India, Spain, France, South Africa, and the United States.

    Oil exports make up approximately 78% of Nigeria's total exports, making it the country's main source of revenue.

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