Best answer: What are Nigeria’s top 3 exports?

Rank Nigeria’s Export Product 2020 Value (US$)
1 Crude oil $25,263,082,000
2 Petroleum gases $4,317,581,000
3 Breaker vessels $1,261,256,000
4 Light vessels, fire boats, floating docks $754,507,000

What are Nigeria’s main 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).

What is Nigeria’s most powerful export?

Biggest Exports of Nigeria

Rank Export Amount (Total % of Exports)
1 Crude Petroleum 76
2 Petroleum Gas 14
3 Refined Petroleum 1.7

What are the top three exports?

Searchable List of America’s Most Valuable Export Products

Rank US Export Product 2020 Value (US$)
1 Processed petroleum oils $60,709,450,000
2 Crude oil $50,285,962,000
3 Cars $45,642,596,000
4 Integrated circuits/microassemblies $44,212,664,000

What Nigeria import most?

Nigeria’s Top 5 Commodity Imports

  • Refined Petroleum – $10 billion.
  • Wheat – $1.6 billion.
  • Non-fillet Frozen Fish – $641 milion.
  • Rubber Tires – $393 million.
  • Raw Sugar – $384 million.

5.11.2020

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.

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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.

Which country owns Nigeria?

Nigeria became a British protectorate in 1901. The period of colonisation lasted until 1960, when an independence movement succeeded. Nigeria first became a republic in 1963, but succumbed to military rule three years later, after a bloody coup d’état.

Which country is Africa super power?

New research by the Institute for Security Studies (ISS) shows that out of Africa’s “Big Five” powerful countries – Nigeria, South Africa, Egypt, Algeria and Ethiopia – Nigeria is “the African country with by far the greatest capabilities” to play a global role.

Why is Nigeria the giant of Africa?

Nigeria is often referred to as the “Giant of Africa”, owing to its large population and economy and is considered to be an emerging market by the World Bank. It is a regional power in Africa, a middle power in international affairs, and is an emerging global power.

What is America’s #1 export?

Services are the biggest US export, with total foreign sales of $778 billion last year.

What is America’s greatest export?

America’s Top 10 Exports

  • Machinery – $206 billion. …
  • Electronic equipment (including computers) – $170 billion. …
  • Spacecraft and aircraft – $131 billion. …
  • Cars – $127 billion. …
  • Petroleum – $106 billion. …
  • Medical equipment – $83 billion. …
  • Plastics – $60 billion. …
  • Gems, precious metals, and coins – $58 billion.
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5.06.2017

What is America’s biggest import?

What Are the Major U.S. Imports?

  • Machinery (including computers and hardware) – $386.4 billion.
  • Electrical machinery – $367.1 billion.
  • Vehicles and automobiles – $306.7 billion.
  • Minerals, fuels, and oil – $241.4 billion.
  • Pharmaceuticals – $116.3 billion.
  • Medical equipment and supplies – $93.4 billion.

17.12.2019

Which country is Nigeria largest trading partner?

Main import trading partners of Nigeria as of the 4th quarter of 2020

Characteristic Share of import value
China 28.28%
United States 8.54%
Netherlands 7.57%
India 7.16%

What can I import to Nigeria?

According to Nigerian Customs Service, the following items can be imported into Nigeria from approved foreign countries:

  • Cars.
  • Processed Petroleum Oils.
  • Electro-medical equipment (e.g. Xrays)
  • Laboratory/pharmaceutical glassware.
  • Motorcycles.
  • Wheat.
  • Medication mixes in dosage.
  • Phone system devices including smartphones.

9.12.2020

Who are Nigeria’s biggest partners?

Nigeria’s main trade partners are Brazil, China, India, Japan, US and the European Union.

Hai Afrika!