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UK export value of trade goods to Nigeria 2012-2018

The value of UK goods exported to Nigeria have seen a decline since 2012. In 2018, trade goods dispatched to Nigeria from the UK were worth 1.7 billion U.S. dollars. In comparison, the value of goods imported from Nigeria to the UK was slightly higher in 2017, meaning Nigeria had a trade surplus from its trade activities with the UK. In 2016, trade balance between the UK and Nigeria was to the advantage of the former.  

Mineral fuels a valuable trade material

  The UK is one of the most important import partners for Nigeria. Among the leading goods that the UK sends to Nigeria are mineral fuels and lubricants. Over the years, the value of UK export of such materials fluctuated before reaching 408.7 million U.S. dollars in 2017.   

UK-Nigeria trade under WTO

  Nigeria is among the largest markets for UK exports. Currently, there is no existing trade deal between the United Kingdom and Nigeria, but the two countries trade under World Trade Orginastion terms, with a ‘Most Favoured Nation’ status granted to the UK.

Value of UK exports of trade goods to Nigeria from 2012 to 2018

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Source

Release date

May 2019

Region

United Kingdom

Survey time period

2012 to 2018

Supplementary notes

Figures have been rounded to provide a better understanding of the statistic.
Data prior to 2014 was taken from a previous 'International Trade by Commodity Statistics' volume by the source.

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