Africa's top five import countries collectively accounted for half of the continent's imports in 2022
African countries imported products worth $694 billion in 2022, with South Africa, the continent's leading importer, bringing in products worth $111.9 billion, representing 16.1% of the total. Egypt followed with $79.7 billion, constituting 11.5%.
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.