Nigeria

-1.9

Econ Complexity 124th of 126
1980
2017

$46.8B

Exports 49th of 221
1980
2017

$34.2B

Imports 58th of 221
1980
2017

$5.87k

GDP Per Capita 135th of 214
1990
2017
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 49th largest export economy in the world and the 124th most complex economy according to the Economic Complexity Index (ECI). In 2017, Nigeria exported $46.8B and imported $34.2B, resulting in a positive trade balance of $12.7B. In 2017 the GDP of Nigeria was $375B and its GDP per capita was $5.87k.

The top exports of Nigeria are Crude Petroleum ($35.6B), Petroleum Gas ($6.47B), Refined Petroleum ($774M), Cocoa Beans ($660M) and Rough Wood ($321M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($6.27B), Passenger and Cargo Ships ($1.73B), Wheat ($1.35B), Cars ($944M) and Raw Sugar ($549M).

The top export destinations of Nigeria are India ($8.25B), the United States ($6.68B), Spain ($4.54B), France ($2.81B) and the Netherlands ($2.3B). The top import origins are China ($9.6B), Belgium-Luxembourg ($3.03B), the Netherlands ($2.83B), South Korea ($2.18B) and the United States ($2.04B).

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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