UK export value of trade goods to Nigeria 2012-2022
The value of UK goods exported to Nigeria have seen fluctuations since 2012. In 2022, trade goods dispatched to Nigeria from the UK were worth around 1.7 billion U.S. dollars, a slight increase on the year prior. The value of goods imported from Nigeria to the UK saw similar fluctuations, Nigeria had a slight trade surplus from its trade activities with the UK.
Mineral fuels a valuable trade material
The UK is one of the most important import partners for Nigeria. Among the leading goods that the UK sends to Nigeria are mineral fuels and lubricants. Over the years, the value of UK export of such materials fluctuated before reaching 408.7 million U.S. dollars in 2017.
UK-Nigeria trade under WTO
Nigeria is among the largest markets for UK exports. Currently, there is no existing trade deal between the United Kingdom and Nigeria, but the two countries trade under World Trade Orginastion terms, with a ‘Most Favoured Nation’ status granted to the UK.
Mineral fuels a valuable trade material
The UK is one of the most important import partners for Nigeria. Among the leading goods that the UK sends to Nigeria are mineral fuels and lubricants. Over the years, the value of UK export of such materials fluctuated before reaching 408.7 million U.S. dollars in 2017.
UK-Nigeria trade under WTO
Nigeria is among the largest markets for UK exports. Currently, there is no existing trade deal between the United Kingdom and Nigeria, but the two countries trade under World Trade Orginastion terms, with a ‘Most Favoured Nation’ status granted to the UK.
