October 2011
Nigeria
                         
BASIC INDICATORS
Population (thousands, 2010)  158 423 Rank in world trade, 2010 Exports Imports
GDP (million current US$, 2010)  193 669 Merchandise  37 50
GDP (million current PPP US$, 2010)  374 343 excluding intra-EU trade 24 32
Current account balance (million US$, 2010)  2 476 Commercial services 83 36
Trade per capita (US$, 2008-2010)   874 excluding intra-EU trade 57 22
Trade to GDP ratio (2008-2010)   71.1
Annual percentage change
2010   2005-2010 2009 2010
Real GDP (2005=100)   138 7 7 8
Exports of goods and services (volume, 2005=100) ... ... ... ...
Imports of goods and services (volume, 2005=100) ... ... ... ...
                         
TRADE POLICY
WTO accession 1 January 1995 Contribution to WTO budget (%, 2011) 0.328
Trade Policy Review 28, 30 June 2011  Import duties collected (%, 2006-2008)
GPA accession  - in total tax revenue 0.0
Tariffs and duty free imports to total imports 0.0
Tariff binding coverage (%)    19.1 Number of notifications to WTO and measures in force 
MFN tariffs Final bound Applied 2010 Outstanding notifications in WTO Central Registry   9
Simple average of import duties Goods RTAs - services EIAs notified to WTO 2 - 0
All goods   119.1   11.7 Anti-dumping (30 June 2010) ...
Agricultural goods (AOA)   150.0   15.5 Countervailing duties (30 June 2010) ...
Non-agricultural goods   48.6   11.2 Safeguards (22 October 2010)   0
Non ad-valorem duties (% total tariff lines)   0.0   0.0 Number of disputes (complainant - defendant) 
MFN duty free imports (%, 2009) Requests for consultation 0 - 0
in agricultural goods (AOA)   0.0 Original panel / Appellate Body (AB) reports 0 - 0
in non-agricultural goods   2.9 Compliance panel / AB reports (Article 21.5 DSU) 0 - 0
Services sectors with GATS commitments   32 Arbitration awards (Article 22.6 DSU) 0 - 0
                         
MERCHANDISE TRADE  Value Annual percentage change
2010   2005-2010 2009 2010
Merchandise exports, f.o.b. (million US$)  82 000 10 -35 49
Merchandise imports, c.i.f. (million US$)  44 235 16 -32 30
2010   2010
Share in world total exports    0.54 Share in world total imports  0.29
Breakdown in economy's total exports Breakdown in economy's total imports
  By main commodity group (ITS)   By main commodity group (ITS)
Agricultural products   5.2 Agricultural products 11.0
Fuels and mining products   87.7 Fuels and mining products 2.4
Manufactures   7.1 Manufactures 86.5
  By main destination   By main origin
1. United States   34.4 1. European Union (27)   21.8
2. European Union (27)   22.4 2. United States   17.9
3. India   10.5 3. China   16.6
4. Brazil   7.0 4. Antigua and Barbuda   5.6
5. Equatorial Guinea   3.1 5. India   5.4
                         
COMMERCIAL SERVICES TRADE  Value Annual percentage change
2010   2005-2010   2009 2010
Commercial services exports (million US$)  2 613   13 -4 49
Commercial services imports (million US$)  20 163   26 -27 22
2010   2010
Share in world total exports   0.07   Share in world total imports 0.57
Breakdown in economy's total exports Breakdown in economy's total imports
  By principal services item   By principal services item
Transportation   75.1   Transportation 43.2
Travel   21.9   Travel 27.7
Other commercial services   3.1   Other commercial services 29.1
                         
INDUSTRIAL PROPERTY 
Patent grants by patent office Trademark registrations by office
Residents Non-residents  Total  Direct residents Direct non-residents Madrid  Total 
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