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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.

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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