Technology - Intelpoint

China remains Nigeria’s largest import partner, accounting for ₦4.96T or 32.45% of total imports—more than double the U.S.'s share.
The United States holds second place in imports, contributing ₦2.16T (14.12%), while India, the Netherlands, and the UAE follow with smaller shares below 6%.
Spain tops Nigeria’s export market, receiving ₦2.47T worth of goods, representing 10.85% of total exports.
Europe features strongly among export partners, with Spain, France, and the Netherlands together absorbing nearly a quarter of Nigeria’s outbound trade.

Togo leads on both sides of trade, supplying ₦211.99B in imports and receiving ₦811.97B in exports, making it Nigeria’s strongest African partner by value.
South Africa ranks second, with imports of ₦115.15B and exports of ₦473.65B, reflecting deep bilateral trade ties.
Côte d’Ivoire also features prominently, sending ₦106.15B worth of goods to Nigeria while importing ₦408.97B, showing balanced engagement.
West Africa dominates Nigeria’s intra-African trade, with Togo, Côte d’Ivoire, and Ghana collectively accounting for a significant share of regional exports.

₦7.88 trillion worth of manufactured goods made up 51.6% of imports, underscoring Nigeria’s dependence on foreign industrial products.
Other petroleum oil products accounted for ₦2.79 trillion (18.2%) of imports, showing continued reliance on external energy supplies despite Nigeria’s oil-rich status.
₦1.72 trillion in raw material imports (11.3%) highlights the gap in local processing capacity.
Solid minerals (₦70.9 bn, 0.46%) and energy goods (₦150 mn, almost 0%) show almost no role in imports.

Total trade in Q2 2025 was valued at ₦38.04tn.
Imports accounted for ₦15.29tn, led by manufactured goods and petroleum products.
Exports reached ₦22.75tn, boosted mainly by crude oil.
The trade gap favoured Nigeria with a surplus of ₦7.46tn.

Morocco achieved the highest cumulative surplus in Africa’s digital trade at $26.4 billion between 2005 and 2024.
Mauritius and Tunisia followed distantly with surpluses of $8.7 billion and $4.4 billion, respectively.
Nigeria and Angola recorded the deepest deficits, each exceeding $90 billion cumulatively.
Africa’s overall digital trade balance remained negative, averaging a -$618 million deficit in 2024.
Smaller economies like Kenya and Togo managed modest but consistent surpluses over the years.

Asia leads global copper exports with 31.6% of total export value.
Europe follows closely at 31.4%, making the two regions nearly equal in contribution.
Combined, Asia and Europe control 63% of the global copper export market.
Africa ranks third globally, contributing 15.3% to copper exports.
Oceania plays the smallest role, with just 2% of the total export value.

The DR Congo is Africa’s copper giant, exporting $19.8 billion in 2024 (56.7% of the total).
Zambia follows with $7.6 billion, representing 21.7% of exports.
Together, the DR Congo and Zambia control almost 80% of Africa’s copper trade.
Tanzania is the third-largest exporter with $2.2 billion (6.3%).
Despite 52 African countries exporting copper, 42 of them collectively make up only 2% of the total value.

South Africa’s digital service imports consistently overshadowed export earnings, despite exports growing by over 300% since 2005.
South Africa exported $76.418 billion in digital services between 2005 and 2024.
Imports during the same period reached $113.67 billion.
The result was a trade deficit of $37.252 billion in over 20 years.
Exports rose from just $1.71 billion in 2005 to $7.05 billion in 2024.

Egypt spends twice as much on digital services imports than it earns from exports, with $8.31b on imports and $4.03b from exports recorded in 2024.
Egypt exported $46.007 billion in digital services between 2005 and 2024.
Imports during the same period reached $101.98 billion.
The result was a trade deficit of $55.973 billion in over 20 years.
Export earnings rose from just $1.91 billion in 2005 to $4.03 billion in 2024.

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