Mineral fuels dominate China’s imports from Nigeria, accounting for nearly 60% of the total trade value

Key Takeaways:

In 2023, China imported $1.41 billion worth of mineral fuels and oils from Nigeria, making it the leading import category.
The top three import categories (mineral fuels, ores, and salt/earth materials) together made up nearly 89% of the total import value.
Nigeria’s exports to China are largely raw materials and natural resources, with minimal contribution from manufactured goods.
The top ten product categories accounted for almost 99% of China’s total imports from Nigeria.
Agricultural and animal products such as oil seeds, raw hides, and spices also formed part of Nigeria’s export portfolio.
China’s total imports from Nigeria were valued at $2.37 billion in 2023.

In 2023, mineral fuels, oils, and distillation products were China’s largest imports from Nigeria, valued at $1.41 billion. This was followed by imports of ores, slag, and ash, which amounted to $399.09 million, and salt, sulphur, earth, stone, plaster, lime, and cement, valued at $305.91 million. Copper imports totaled $142.07 million, reflecting China's demand for industrial inputs.

Nigeria also exported a range of agricultural and animal products to China, including oil seeds ($50.73 million), raw hides and skins ($7.85 million), and coffee, tea, maté, and spices ($7.39 million).

Source:

Trading Economics, UN Comtrade

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Period:

2023

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