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27 September 2024
Kunal
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Key Indicators
Overview
Nigeria Import Trade Overview
Introduction:
Nigeria, Africa's largest economy, relies significantly on imports to sustain its diverse sectors such as manufacturing, agriculture, and services. This creates numerous opportunities for global exporters to supply essential goods and capital equipment.
Economic Overview:
Nigeria's economy is primarily driven by oil exports, but it is highly dependent on imports for machinery, refined petroleum, and consumer goods to support its local industries. The country ranks as the 27th largest economy globally, with imports having a substantial impact on its GDP. Efforts towards economic diversification are focusing on boosting manufacturing and reducing dependency on oil revenues.
Political and Regulatory Environment:
Nigeria's political landscape is marked by its complex federal system which can affect import regulations and economic stability. Recent changes in trade policies and customs procedures aim to encourage local production and reduce the importation of goods that can be produced domestically.
Opportunities and Challenges for Exporters:
Opportunities exist in supplying industrial machinery, pharmaceuticals, and electronic goods. However, exporters face challenges such as bureaucratic red tape, infrastructural deficiencies, and fluctuating import tariffs.
Top 10 Import Products:
- Refined petroleum (HS code: 2710) - Critical for energy and transport.
- Cars (HS code: 8703) - Growing automotive market.
- Pharmaceuticals (HS code: 3004) - Essential for health sector.
- Wheat (HS code: 1001) - Staple food import.
- Rice (HS code: 1006) - Major food staple.
- Sugar (HS code: 1701) - Food processing industry.
- Electronics (HS code: 8471) - Consumer and business technology.
- Machinery (HS code: 8429) - Construction and agriculture.
- Iron and steel (HS code: 7207) - Building infrastructure.
- Plastics (HS code: 3901) - Wide industrial use.
Top Buyers:
TETRA PAK INTERNATIONAL S.A., SEFLAM SGL, SANI BAYERO
Solution for Global Exporters:
Global exporters should leverage Volza’s online import data for Nigeria to navigate this complex market effectively. Volza provides detailed analytics that help identify key trends and opportunities, allowing exporters to tailor their strategies and capitalize on the demands within minutes. Visit Volza for in-depth market insights and strategic guidance.
Import Database - Factsheet
Data Source- Detailed data
- Data Available From
- 01, Jan, 2022
Data Coverage- 100%
Last Shipment- 31, Jul, 2024
Source : Volza Import Data
Nigeria
Import Data
Import Data
7,812,958 Bill of Ladings, 61,869 Buyers & 23,286 Suppliers
Import
vs
Export
Jan-Dec 2023
Shipments
Data Source: VolzaImport Data
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Reach out to the Nigeria Import market Identify verified and active business partners in Nigeria
Nigeria Import Data
Product | Importers | Suppliers | Arrival Date |
|---|---|---|---|
MACHINERY PARTS- SCREW | 30-04-2024 | ||
TOB-DEX [TOBRAMYCIN 0.3% W/V + DEXAMETHA |   India | India | 30-04-2024 |
MOTOR VEHICLE SPARE PARTS / ACCESSORIES / COMPONENT - FRONT SHOCKER | 30-04-2024 | ||
MOTOR VEHICLE SPARE PARTS / ACCESSORIES / COMPONENT - GEAR | 30-04-2024 | ||
GAVIA FACIAL SCRUB - PAPAYA 500 GM | India | India | 30-04-2024 |
MOTOR VEHICLE SPARE PARTS / ACCESSORIES / COMPONENT - REAR SHOCKER | 30-04-2024 |
Top 10 Importers
Nigeria Top 10 Importers
Within our Volza database, we possess comprehensive information about over 10 active importers in Nigeria. To assist you in identifying the leading importers in Nigeria, Volza offers an advanced feature that analyzes billions of shipping invoices using more than 20 parameters. Noteworthy among the top 10 importers in Nigeria are companies like DANGOTE PETROLEUM REFIERY AND, ZENITH BANK PLC , and PLATINUM CORPORATION FZE DUBAI UAE. These key players are featured prominently within our extensive database. For a more comprehensive overview, please refer to our table, which outlines the top 10 importers, and explore the additional resources provided below.
Nigeria Top 10 Importers
| Rank | Importers | Shipments |
|---|---|---|
1 | 57,023 | |
2 | 42,215 | |
3 | 33,138 | |
4 | 30,215 | |
5 | 28,162 | |
6 | 27,209 | |
7 | 21,303 | |
8 | 21,207 | |
9 | 18,128 | |
10 | 14,034 |
Data Source : Volza Import Data
Top 9 Import Products
Nigeria Top 9 Import Products
As the Nigeria import data reveals, the nation's top import products for 2024 were prominently characterized by:- Cotton Knitting Yarn: 47.19%
- Automobile Component: 15.09%
- Bolts With Nuts: 12.46%
- Presenter Box: 8.38%
- Wheelers Component: 7.85%
- Industrial Valve: 6.79%
- Injection Molding Machine: 1.05%
- Bottling Machine: 0.82%
- Colouring Book: 0.37%
Nigeria Top 9 Import Products
| Rank | Import Products | Shipments |
|---|---|---|
1 | COTTON KNITTING YARN | 12,843,432 |
2 | Automobile Component | 4,108,511 |
3 | Bolts With Nuts | 3,392,464 |
4 | PRESENTER BOX | 2,280,631 |
5 | WHEELERS COMPONENT | 2,137,048 |
6 | Industrial Valve | 1,847,859 |
7 | Injection Molding Machine | 285,017 |
8 | Bottling Machine | 223,907 |
9 | COLOURING BOOK | 100,053 |
Data Source : Volza Import Data
Trading Partners
Top Trading Partners of Nigeria
Import Trading Partners
Export Trading Partners
Top 1 Import Trading Partners
Nigeria Top 1 Import Trading Partners
Nigeria trade data from 2024 highlights the nation's top 1 import partners as follows: INDIA (USD 2,887,380).
The growth rates for the leading three importers were as follows: India at 100.00% .
Trade balance analysis reveals that Nigeria had a trade deficit with both Iran and China. Specifically, the deficit amounted to USD 300 million with Iran and USD 150 million with China in that year. Nigeria import statistics show that the country's top 1 import partners in 2024 collectively contributed 87.2% to the overall value of import shipments. Furthermore, Nigeria’s major imports from India include PRESENTER BOX, Automobile Component, Bolts With Nuts, WHEELERS COMPONENT, COTTON KNITTING YARN, Industrial Valve, Injection Molding Machine, COLOURING BOOK, Bottling Machine, products. The provided chart below breaks down the values in percentile of Nigeria’s top 1 import partners for 2024.
Nigeria Top 1 Import Trading Partners
| Rank | Import Trading Partners | Shipments |
|---|
Data Source : Volza Import Data
Import Data Sample record
Nigeria Import Data Sample record
Nigeria import data covers all important shipping details that are essential for businesses to find importers in Nigeria, analyze market trends and identify potential industries. Nigeria trade data contains customs-based details including Date, Importer Name, HS Code, HS Code Description, Commercial Description, Gross Weight, Net Weight, Total Value USD and Origin Country. View Nigeria import data sample with complete number of fields available in data.
Nigeria Import Data Sample record
Wine of fresh grapes, including fortified wines; grape must other than that of heading 2009
- Date:
- 30 Apr 2024
- HS Code:
- 73181900
- Quantity:
- 2,000
- Quantity Unit:
- PCS
- Value FC:
- 400
- Value:
- HS Descirption:
- Screws, bolts, nuts, coach-screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel
- Exporter:
- STEELEX EXPORTS PRIVATE LIMITED
- Importer:
- ZZUMBA AUTOMOBILE VENTURES
Data Source : Volza Import Data
Nigeria Import Fields
S.No | Data Fields |
|---|---|
1 | |
2 | |
3 | |
4 | |
5 | |
6 | |
7 | |
8 | |
9 |
Total 72 Fields
Data Source : Volza Import Data
Top 10 Import Ports
Nigeria Top 10 Import Ports
Nigeria's global import trade operates through over 10 ports. Lagos stands as the predominant port, handling 936,156 import shipments, which constitutes a 32.64% market share. Apapa follows with an 31.60% share, accounting for 906,326 shipments, while Tincanlagos contributes a 20.88% market share with its 598,693 shipments. For detailed import trade statistics of each port in Nigeria, refer to the provided links below. Collectively, these ports underscore the integrated nature of Nigeria's trade infrastructure. As the trade data indicates, these crucial import ports facilitate the consistent delivery of essential goods across Nigeria.
Nigeria Top 10 Import Ports
| Rank | Importers | Count |
|---|
Data Source : Volza Import Data
Import Bill of Lading
- Import Shipments of Nigeria
- 7,812,958
- Date
- 30-04-2024
- Shipper Name
- ZZUMBA AUTOMOBILE VENTURES
- Consignee Name
- STEELEX EXPORTS PRIVATE LIMITED
- Weight Unit
- PCS
- Quantity
- 2,000
- Shipment Origin
- India
- Port of origin
- Pali Icd