Top Export Trading Partners of Nigeria - Volza

Nigeria's primary export trading partners in 2023 are crucial for its economic activities. Top partners included India (17% of exports, $9.4 billion), the United States (10%, $5.5 billion), Spain (9%, $5 billion), the Netherlands (8%, $4.4 billion), and France (6%, $3.3 billion).

Key exports to these countries include crude oil, natural gas, and agricultural products such as cocoa and rubber. Trade agreements, including the African Continental Free Trade Area (AfCFTA)and various bilateral agreements, facilitate smoother trade flows.

Nigeria's GDP growth rate stands at 3.2%, with an inflation rate of 13.2%, impacting its export dynamics and trade policies. Strategic incentives and government support, coupled with logistical advantages like access to the Atlantic Ocean, bolster Nigeria's export capacity, making it a vital export market for these partners.