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Nigeria’s Top Trading Partners (2019) - Politics - Nairaland

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Nigeria’s Top Trading Partners (2019) by Hoot: 10:25pm On Aug 03, 2020
Nigeria’s top trading partners in 2019 are India, Spain, the Netherlands, Ghana, France, South Africa, the United States, China, and Italy.

Also, It is the 27th largest economy and the largest economy in Africa.

Strategically located on Africa’s west-central shore, Nigeria shipped $53.6 billion worth of goods worldwide in 2019.

40% of Nigeria’s exports went to European importers, while 28.2% went to importers in Asia.

Furthermore, Nigeria shipped another 20.4% worth of goods to fellow African countries.

Nigeria’s top exports include crude oil, liquefied natural gas, tobacco, cocoa, oilseeds, cashew nuts, processed leather, fertilizers, and base metals.

Top imports include machinery, refined oil, wheats, vehicles, chemicals, plastics, electrical machinery, and pharmaceuticals.

Critical sectors in Nigeria include oil & gas, banking, entertainments, communications, manufacturing, agriculture, cement, base metals, beverages, and plastics.


Nigeria’s Top Trading Partners
Below is a list showcasing 15 of Nigeria’s top trading partners in terms of export sales.

India: $8.3 billion (15.4% of total Nigerian exports)
Spain: $5.3 billion
Netherlands: $4.9 billion
Ghana: $4 billion
France: $3.6 billion
South Africa: $3.2 billion
United States: $2.8 billion
Italy: $2.1 billion
China: $1.7 billion
Indonesia: $1.5 billion
Turkey: $1.4 billion
Canada: $1.3 billion
United Kingdom: $1.2 billion
Ivory Coast: $1.2 billion
Germany: $1.2 billion


Companies Servicing Nigeria’s Top Trading Partners
Below are significant companies in Nigeria that export to Nigeria’s trading partners.

Access Bank (regional bank)
Chevron Nigeria (oil, gas)
Dangote Cement (construction materials)
Dangote Sugar (consumer goods)
Equity Assurance (financial institution)
ExxonMobil Nigeria(oil, gas)
FBN Holdings (local bank)
Guaranty Trust Bank (local bank)
Julius Berger Nigeria (construction materials)
Nigerian National Petroleum Corporation (oil, gas)
Oando (oil, gas)
ROCAD Construction Limited (oil, gas)
Shell Nigeria (oil, gas)
Total Upstream Companies Nigeria(oil, gas)


https://www.mezmetrics.com/nigerias-top-trading-partners-2019/
https://www.mezmetrics.com

Re: Nigeria’s Top Trading Partners (2019) by Stone123(m): 11:12pm On Aug 03, 2020
ok
Re: Nigeria’s Top Trading Partners (2019) by Wfmarvis(m): 11:33pm On Aug 03, 2020
What about my own company?
Re: Nigeria’s Top Trading Partners (2019) by Ikeast(m): 11:53pm On Aug 03, 2020
NIGERIA was crate to be grate,but due to greedy leaders,it has been feeding from hand to mouth.

Nothing kills a country more than corruption......

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