Nigeria

-1.54

Econ Complexity 120th of 214
1980
2016

$36.9B

Exports 51st of 221
1980
2016

$35.1B

Imports 57th of 221
1980
2016

$5.86k

GDP Per Capita 127th of 214
1990
2016
Looking for commercial partners in Nigeria? List your company on Macro Market.
Looking for commercial partners in Nigeria? List your company on Macro Market.

Nigeria is the 51st largest export economy in the world. In 2016, Nigeria exported $36.9B and imported $35.1B, resulting in a positive trade balance of $1.81B. In 2016 the GDP of Nigeria was $404B and its GDP per capita was $5.86k.

The top exports of Nigeria are Crude Petroleum ($27.1B), Petroleum Gas ($5.36B), Cocoa Beans ($741M), Gold ($711M) and Refined Petroleum ($582M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($7.72B), Wheat ($1.17B), Packaged Medicaments ($880M), Telephones ($578M) and Raw Sugar ($557M).

The top export destinations of Nigeria are India ($6.62B), the United States ($4.42B), Spain ($3.2B), France ($2.17B) and South Africa ($2.08B). The top import origins are China ($8.93B), Belgium-Luxembourg ($4.02B), the Netherlands ($2.93B), the United States ($2.36B) and India ($1.86B).

Nigeria borders Benin, Cameroon, Niger and Chad by land and Ghana, Equatorial Guinea and Sao Tome and Principe by sea.

Economic Complexity of Nigeria

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