Nigeria Import Data, Nigeria Customs Data

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Nigeria Import Data

Nigeria is a country in West Africa with a fast-growing economy and a rapidly expanding population. As the largest economy on the African continent, Nigeria plays a significant role in the global market, particularly when it comes to imports. Nigeria was ranked as the 50th largest importer in the world in 2019. However, with its economy projected to grow at an average rate of 2.4% per year until 2025, it is expected that Nigeria will climb up in the rankings by 2023. This can be attributed to various factors such as increasing consumer demand and industrial growth.

In terms of GDP, Nigeria's economy is expected to continue its upward trend and reach $427 billion by 2023. This would make it the third-largest economy on the African continent after Egypt and South Africa. The country's GDP has been steadily increasing over the past decade due to various reforms implemented by the government, such as diversifying its economy beyond oil.

As for population, Nigeria is currently ranked as the seventh most populous country globally with an estimated population of over 200 million people. By 2023, it is projected that this number will increase to approximately 230 million due to high birth rates and improved life expectancy.

Currently, crude oil accounts for more than half of Nigeria’s total imports; however, there are indications that this may change in the upcoming years. With a growing population and consumer demand, it is expected that imports of food, machinery, and manufactured goods will also increase. Additionally, with the government's efforts to diversify the economy, there may be an increase in imports of raw materials for manufacturing.

Nigeria’s top import partners include China, India, United States, Belgium-Luxembourg, and Netherlands. These countries account for around 45% of Nigeria’s total imports. It is projected that these trade patterns will continue in 2023; however, with increasing global competition and Nigeria’s efforts to expand its trade relations with other countries, there may be some shifts in the top trade partners.

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Nigeria Import Customs Trade Data Shows Top 10 Importing Products In 2023 – Analysis By Chapter

30% - Petroleum oils and oils from bituminous minerals not crude with a value of US$ 15.7 billion
33% (21 billion US dollar) HS CODE: 27 - Bituminous substances; mineral waxes; mineral fuels, mineral oils, and products of their distillation
20% (13.4 billion USdollar) HS CODE: 87 - Parts and accessories of vehicles other than railway or tramway rolling stock
9.39% (6.1 billion USdollar) HS CODE: 84 - Parts of nuclear reactors, boilers, machinery, and mechanical appliances
4.78% (3.11 billion USdollar) HS CODE: 85 - The following articles are included in this category: electrical machinery and equipment; sound recorders and reproducers; television image and sound recorders and reproducers, and parts and accessories thereof
3.36% (2.19 billion USdollar) HS CODE: 10 - Cereals
2.79% (1.81 billion USdollar) HS CODE: 39 - Articles made from plastics
2.64% (1.71 billion USdollar) HS CODE: 99 - Unspecified commodities
1.71% (1.11 billion USdollar) HS CODE: 17 - Confectionery and sugar products
1.41% (919 million USdollar) HS CODE: 48 - Articles made from paper pulp, paper, or paperboard
1.31% (857 million USdollar): 73 - Steel or iron articles

Nigeria Import Global Trade Data Shows Top 10
Trading Partners of Nigeria

With a share of 18.3% (11.9 billion US$), China dominates
With a share of 14.3% (9.32 billion US$), Singapore dominates
With a share of 9.4% (6.11 billion US$), Belgium dominates
With a share of 8.04% (5.22 billion US$), India dominates
With a share of 6.21% (4.03 billion US$), USA dominates
With a share of 5.02% (3.26 billion US$), Netherlands dominates
With a share of 3.46% (2.25 billion US$), Malta dominates
With a share of 2.66% (1.73 billion US$), Korea dominates
With a share of 2.32% (1.51 billion US$), Saudi Arabia dominates
With a share of 2.32% (1.51 billion US$), Russia dominates

Nigeria Import Data Sample

Nigeria Import Data Importer Wise

DATE	19-05-2023
CUSTOM	APAPA PORT
REGISTRY	C33578
IMPORTER NAME	25499058-0001 - LEVELEVATED GLOBAL RESOURCES
SUPPLIER NAME	YESRAJ AGRO EXPORTS PVT LTD
HS CODE	2402200000
HS CODE DESCRIPTION	Cigarettes containing tobacco
PRODUCT DESCRIPTION	CIGARRETTE
FOB N	18,222,245
CIF N	21772628
TAX N	13486454
RECEIPT	R36791
VOLUME KG	2,234
ORIGIN	India
SUPPLY COUNTRY	India
ITEMS CNT	1
CNT NUMBER	TGBU8804016 40GP

Nigeria Import Data Importer Wise

DATE	03-05-2023
CUSTOM	KANO AIRPORT
REGISTRY	C3771
IMPORTER NAME	11970767-0001 - BLACKHORSE TOBACCO LTD
SUPPLIER NAME	KT AND G CORPORATION,
HS CODE	2402200000
HS CODE DESCRIPTION	Cigarettes containing tobacco
PRODUCT DESCRIPTION	(693001) ESSE EDGE 5MG (1 X 10 ROLLS X 10 PKTS X 10 PCS)
FOB N	16,892,000
CIF N	18243360
TAX N	15517794
RECEIPT	R4290
VOLUME KG	14,560
ORIGIN	Korea, Republic of
SUPPLY COUNTRY	Korea, Republic of
ITEMS CNT	1
CNT NUMBER	TCLU5536102 45G1

Nigeria Import Data Importer Wise

DATE	27-06-2023
CUSTOM	PORT HARCOURT(3) Onne
REGISTRY	C26366
IMPORTER NAME	11291812-0001 - GREG JANE INT'L LTD
SUPPLIER NAME	ORIENTAL, ARAB
HS CODE	2402200000
HS CODE DESCRIPTION	Cigarettes containing tobacco
PRODUCT DESCRIPTION	ORIS CIGARETTES
FOB N	36,251,175
CIF N	43714147
TAX N	27073921
RECEIPT	R28463
VOLUME KG	02-07-1989
ORIGIN	United Arab Emirates
SUPPLY COUNTRY	United Arab Emirates
ITEMS CNT	2
CNT NUMBER	MRSU3623649 45G1 \| MRKU3729160 45G1

Nigeria Import Data Importer Wise

DATE	15-05-2023
CUSTOM	PORT HARCOURT(3) Onne
REGISTRY	C19116
IMPORTER NAME	17765073-0001 - MALEHILLS LTD
SUPPLIER NAME	ORIENTAL GENERAL TRADING
HS CODE	2402200000
HS CODE DESCRIPTION	Cigarettes containing tobacco
PRODUCT DESCRIPTION	GOLD SEAL BLUE CIGARATTE, MODEL: BLUE
FOB N	68,811,251
CIF N	82512420
TAX N	52997367
RECEIPT	R20688
VOLUME KG	79,730
ORIGIN	Viet Nam
SUPPLY COUNTRY	United Arab Emirates
ITEMS CNT	5
CNT NUMBER	MRKU4866152 45G1 \| MRKU5083866 45G1 \| CAAU5256885 45G1 \| TLLU5959273 45G1 \| TCKU7452997 45G1

Boost Your Business Internationally by using Nigeria's Import Data provided by Import Globals

Import Globals is a leading provider of Nigeria import data, offering comprehensive information on the country's import activities. Our data is collected directly from custom shipping bill documents, ensuring reliability and accuracy at all times. These bills contain detailed information on each imported product, including HS code, product description, importer and exporter company names, value, quantity, and destination.

The Harmonized System (HS) code is an internationally recognized classification system used by customs authorities to identify products for taxation purposes. This code helps us categorize each imported product into specific groups for easier analysis and comparison. For example, a shipment containing both electronics and food items will have different HS codes for each product category.

Along with the HS code, our Nigeria import data also includes a detailed product description. This description provides essential details about the nature and characteristics of each imported item. It helps traders understand what products are in demand in the Nigerian market and make informed decisions about their imports.

Our data also includes information on the importer and exporter company names involved in each transaction. This allows businesses to identify potential partners or competitors in their industry. It also helps them track their own shipments as they enter or leave Nigeria.

Value and quantity are two critical pieces of information that can greatly impact decision-making when it comes to imports. Our import data provides accurate values for each shipment along with quantities so that businesses can assess their costs better before making any purchases.

Our Nigeria import data also contains information on the destination port where the goods were shipped to within Nigeria. This allows businesses to track which ports are receiving the most significant volume of imports and plan their logistics and distribution strategies accordingly.

Import Globals offers comprehensive and reliable import custom data for Nigeria, making it an essential resource for all industries involved in imports. Whether you are a trade association, research company, business consulting firm, trader, manufacturer or logistics provider, our data can provide valuable insights that can benefit your operations.

For trade associations, having access to import data allows them to monitor trends and changes in the industry. This information can be used to identify potential opportunities for growth and development within their respective sectors. It also helps them stay informed about any regulations or policies that may impact their members' business activities.

Research companies can utilize Nigeria Customs Data provided by Import Globals to conduct market analysis and obtain a deeper understanding of the Nigerian import landscape. With detailed information on product categories, origins, values, quantities and more, researchers can gain valuable insights into consumer behavior patterns and make informed decisions when developing strategies or launching new products.

Business consulting firms can leverage this data to provide expert advice to clients looking to enter or expand their presence in the Nigerian market. By analyzing historical trends and current market conditions revealed through our data, consultants can offer tailored recommendations that align with their clients' goals.

Traders rely heavily on accurate import data for making important purchasing decisions. With real-time updates from Import Globals' database of Nigerian imports records , traders have access to relevant product information such as suppliers' details, prices fluctuations over time , quality assessment reports , enabling them to accurately forecast demand patterns while minimizing risks associated with supply chain management.

Manufacturers depend on timely arrival of raw materials necessary for production . Our customs database provides critical information such as shipping routes , shipping companies , and estimated delivery times to help manufacturers plan their production schedules effectively.

Logistics providers can use our data to optimize their operations by identifying the most popular ports of entry and busiest trade routes for imports into Nigeria. This allows them to streamline their processes and make adjustments according to demand, thus ensuring efficient and timely deliveries.

Import Globals' Nigeria Import Custom Data is a valuable resource for all industries involved in imports. With accurate and comprehensive information at your fingertips, you can make informed decisions that will give you a competitive edge in the Nigerian import market.