In 2017, Nigeria imported about US$34.2 billion of goods.
In 2017 the leading sources of imports were China (28%), the Belgium-Luxembourg (8.9%), the Netherlands (8.3%), South Korea (6.4%), the United States (6.0%) and the Republic of India (4.6%).
Principal imports were manufactured goods, machinery and transport equipment, chemicals, and food and live animals.

In 2017, Nigeria exported about US$46.68 billion of goods.
In 2017, the leading destinations for exports were India (18%), the United States (14%), Spain (9.7%), France (6.0%) and the Netherlands (4.9%).
In 2017 oil accounted for 83% of merchandise exports.
Natural rubber and cocoa are the country’s major agricultural exports.

In 2005, Nigeria posted a US$26 billion trade surplus, corresponding to almost 20% of gross domestic product.
In 2005, Nigeria achieved a positive current account balance of US$9.6 billion.
The Nigerian currency is the naira (NGN).
As of June 2006, the exchange rate was about US$1=NGN128.4.
As of June 2019, it stands at US$1 =NGN357.
In recent years, Nigeria has expanded its trade relations with other developing countries such as India.
Nigeria is the largest African crude oil supplier to India – it annually exports 400,000 barrels per day (64,000 m³/d) to India valued at US$10 billion annually.

India is the largest purchaser of Nigeria's oil which fulfills 20% to 25% of India's domestic oil demand.
Indian oil companies are also involved in oil drilling operations in Nigeria and have plans to set up refineries there.

The trade volume between Nigeria and the United Kingdom rose by 35% from USD6.3 billion in 2010 to USD8.5 billion in 2011.
In 2017, Nigeria imported about US$34.2 billion of goods. In 2017 the leading sources of imports were China (28%), the Belgium-Luxembourg (8.9%), the Netherlands (8.3%), South Korea (6.4%), the United States (6.0%) and the Republic of India (4.6%). Principal imports were manufactured goods, machinery and transport equipment, chemicals, and food and live animals.
In 2017, Nigeria exported about US$46.68 billion of goods. In 2017, the leading destinations for exports were India (18%), the United States (14%), Spain (9.7%), France (6.0%) and the Netherlands (4.9%). In 2017 oil accounted for 83% of merchandise exports. Natural rubber and cocoa are the country’s major agricultural exports.
In 2005, Nigeria posted a US$26 billion trade surplus, corresponding to almost 20% of gross domestic product. In 2005, Nigeria achieved a positive current account balance of US$9.6 billion. The Nigerian currency is the naira (NGN). As of June 2006, the exchange rate was about US$1=NGN128.4. As of June 2019, it stands at US$1 =NGN357. In recent years, Nigeria has expanded its trade relations with other developing countries such as India. Nigeria is the largest African crude oil supplier to India – it annually exports 400,000 barrels per day (64,000 m³/d) to India valued at US$10 billion annually.
India is the largest purchaser of Nigeria's oil which fulfills 20% to 25% of India's domestic oil demand. Indian oil companies are also involved in oil drilling operations in Nigeria and have plans to set up refineries there.
The trade volume between Nigeria and the United Kingdom rose by 35% from USD6.3 billion in 2010 to USD8.5 billion in 2011.
Economy of Nigeria