|Rank||Export||Amount (Total % of Exports)|
What is Nigeria’s biggest export?
Nigeria’s Top 5 Commodity Exports
- Crude Petroleum – $45 billion.
- Petroleum Gas – $8.6 billion.
- Refined Petroleum – $940 million.
- Cocoa Beans – $621 million.
- Gold – $577 million.
What are Nigeria’s top 3 exports?
Exports: The top exports of Nigeria are Crude Petroleum ($46B), Petroleum Gas ($7.78B), Scrap Vessels ($2.26B), Flexible Metal Tubing ($2.1B), and Cocoa Beans ($715M), exporting mostly to India ($10.5B), Spain ($6.32B), United States ($4.68B), France ($4.37B), and Ghana ($4.04B).
Which country is Nigeria largest trading partner?
The largest source of import value in Nigeria derives from mineral fuels, oils, and distillation products.
Main import trading partners of Nigeria as of the 4th quarter of 2020.
|Characteristic||Share of import value|
What is Africa’s largest export?
Mineral fuels, including oil, hold the largest share of exports with $5.1bn making up 19.5% of total exports. The second biggest sector is gems and precious metals at $2.1bn, accounting for 8.2% of all exports.
What is the richest country in Africa?
Nigeria is the richest and most populous country in Africa. The country’s large population of 211 million is a likely contributor to its large GDP. Nigeria is a middle-income, mixed economy and emerging market with growing financial, service, communications, and technology sectors.
Is Nigeria richer than India?
India has a GDP per capita of $7,200 as of 2017, while in Nigeria, the GDP per capita is $5,900 as of 2017.
Who imports the most to Nigeria?
Nigeria’s imports 2019 by country
- China with a share of 25% (12 billion US$)
- India with a share of 12% (5.7 billion US$)
- USA with a share of 9.87% (4.67 billion US$)
- Netherlands with a share of 7.37% (3.49 billion US$)
- Belgium with a share of 5.01% (2.37 billion US$)
- Swaziland with a share of 3.28% (1.55 billion US$)
What is Nigeria’s biggest import?
- Machinery including computers: US$9.9 billion (18.6% of total imports)
- Mineral fuels including oil: $8.2 billion (15.4%)
- Vehicles: $5.3 billion (10.1%)
- Electrical machinery, equipment: $3.7 billion (7%)
- Pharmaceuticals: $2.8 billion (5.3%)
- Plastics, plastic articles: $2.4 billion (4.5%)
- Cereals: $2.2 billion (4.2%)
What is South Africa’s main export?
South Africa is very open to international trade, which represents 59.2% of the country’s GDP. The country mainly exports platinum (9.3%), motor vehicles (7.5%), iron ores (6.5%), coal and similar solid fuels (5.3%) and gold (5.2%).
What country does Nigeria export to?
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|Nigeria Exports By Country||Value||Year|
Which country has the best trade?
Year-to-Date Total Trade
|—||Total, All Countries||1,578.9|
|—||Total, Top 15 Countries||1,078.7|
Which country import the most?
This is a list of countries by total imports, based on the International Trade Centre.
List of countries by imports.
|Country||Imports (millions of $)||Year|
What is Africa’s largest industry?
Agriculture is Africa’s largest economic sector, representing 15 percent of the continent’s total GDP, or more than $100 billion annually. It is highly concentrated, with Egypt and Nigeria alone accounting for one-third of total agricultural output and the top ten countries generating 75 percent.
Which countries does South Africa export to?
Principal international trading partners of South Africa—besides other African countries—include Germany, the United States, China, Japan, the United Kingdom and Spain. Chief exports include corn, diamonds, fruits, gold, metals and minerals, sugar, and wool.
What does Africa export to China?
For China, Africa represents a growing source of raw materials –most importantly crude oil, iron ore/concentrates, and copper– which have helped fuel China’s rapid infrastructure development.