Nigeria
Africa
Trade in Nigeria
| Nigeria was the world’s 53rd largest exporter of goods and 102nd largest exporter of commercial services in 2025. Export values were $56063 and $4565 million USD respectively. Nigeria’s top export category was fuels and mining products, followed by agricultural products, and manufactures. In 2023, Nigeria’s main export destination markets for goods and services trade were to Netherlands, Spain and India, with trade representing 16.35 per cent of GDP. In terms of imports, Nigeria is the world’s 66th largest importer of goods and 57th largest importer of commercial services. Import values were $44354 and $17925 million USD respectively in 2025. Nigeria’s top import category was manufactures, followed by fuels and mining products and agricultural products. Leading import partners were China, Singapore and Belgium. Nigeria is part of 3 different Regional Trade Agreements, including with Economic Community of West African States (ECOWAS), and Global System of Trade Preferences among Developing Countries (GSTP). |
Regional Trade Agreements Database
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
Federal Republic of Nigeria |
Abbreviation |
NG |
Capital |
Abuja |
WTO Membership Date |
1 January 1995 |
Legal System |
mixed legal system of English common law, Islamic law (in 12 northern states), and traditional law |
Language |
English |
Number of Time Zone(s) |
1 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Nigerian naira |
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Exchange Rate |
Google Finance Currencies |
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GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
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Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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Government MSME Agency |
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Copyright Offices |
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Industrial Property Offices |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Links to other helpful resourcesThis section includes additional links to trade-related resources. |
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Trade Information Portal |
https://trade.gov.ng/en/ |
Last Reviewed: October, 2026
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