China's exports to Nigeria

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Key Takeaways:

China’s exports to Nigeria increased from less than $100 million in 1992 to $20.2 billion in 2023, an overall growth of 22,074%.
The highest export value was recorded in 2022 at $22.3 billion.
China's exports to Nigeria dropped sharply in 2016 to $9.7 billion from $15.39 billion in 2014.
After a sharp 29% decline between 2015 and 2016, exports entered a period of sustained growth beginning in 2017.
The 2020–2022 period saw remarkable growth, with exports rising by 33% despite global pandemic challenges.
In 2023, exports declined by 9.5%, yet remained significantly above pre-pandemic levels.

Key Takeaways:

Electrical and electronic equipment was China’s top export to Nigeria, valued at $2.88 billion.
The top five export categories (electrical equipment, machinery, vehicles, plastics, and iron/steel products) together accounted for over $8.78 billion, representing around 44% of total exports.
Industrial goods such as machinery and steel, along with manufactured consumer goods, dominate China’s export portfolio.
Products like apparel, synthetic materials, and household items featured strongly among the top export categories.
In total, China exported goods worth $20.18 billion to Nigeria in 2023.

Key Takeaways:

In 2023, China’s exports to Nigeria totaled $20.18 billion, while imports from Nigeria reached only $2.37 billion.
China’s trade surplus with Nigeria amounted to approximately $17.8 billion.
Chinese exports accounted for 89.5% of the total bilateral trade, with Nigerian exports making up just 10.5%.
The trade imbalance underscores Nigeria’s strong dependence on Chinese goods and industrial inputs.
For every $1 Nigeria exports to China, it imports $8.50 worth of Chinese products.