Summary
- Nigeria → United Kingdom
- $1.6billion
- United Kingdom → Nigeria
- $1.5billion
- Nigeria’s balance
- $18million
Balance
Nigeria’s trade balance with the United Kingdom
Trade between Nigeria and the United Kingdom grew 3.4-fold since 1995
USD billions (current). Nigeria’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 1.6
- Imports 1.5
- Balance +0
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $271 million | $635 million | -$364 million |
| 1996 | $474 million | $763 million | -$289 million |
| 1997 | $211 million | $843 million | -$632 million |
| 1998 | $232 million | $955 million | -$723 million |
| 1999 | $202 million | $738 million | -$536 million |
| 2000 | $130 million | $912 million | -$782 million |
| 2001 | $77 million | $1.3 billion | -$1.2 billion |
| 2002 | $121 million | $1.3 billion | -$1.1 billion |
| 2003 | $176 million | $1.5 billion | -$1.3 billion |
| 2004 | $180 million | $1.4 billion | -$1.2 billion |
| 2005 | $267 million | $1.4 billion | -$1.2 billion |
| 2006 | $370 million | $2.3 billion | -$2 billion |
| 2007 | $799 million | $2.2 billion | -$1.4 billion |
| 2008 | $1.6 billion | $2.4 billion | -$737 million |
| 2009 | $950 million | $2 billion | -$1 billion |
| 2010 | $1.2 billion | $2.2 billion | -$918 million |
| 2011 | $4.1 billion | $2.5 billion | $1.6 billion |
| 2012 | $6.8 billion | $2.5 billion | $4.3 billion |
| 2013 | $5 billion | $2.6 billion | $2.4 billion |
| 2014 | $5.7 billion | $2.3 billion | $3.4 billion |
| 2015 | $2.8 billion | $1.7 billion | $1.1 billion |
| 2016 | $1.1 billion | $1.4 billion | -$367 million |
| 2017 | $1.7 billion | $1.5 billion | $188 million |
| 2018 | $3.1 billion | $1.8 billion | $1.3 billion |
| 2019 | $1.8 billion | $1.9 billion | -$119 million |
| 2020 | $1.3 billion | $1.4 billion | -$101 million |
| 2021 | $1.3 billion | $1.7 billion | -$321 million |
| 2022 | $2.1 billion | $1.7 billion | $406 million |
| 2023 | $2.3 billion | $1.9 billion | $393 million |
| 2024 | $1.6 billion | $1.5 billion | $18 million |
What they sell each other
What Nigeria sells to the United Kingdom
The top 10 headings in 2024, with their share of the total.
What the United Kingdom sells to Nigeria
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Lagos and Felixstowe is 4,228 nautical miles (7,830 km) long: ≈ 10–12.5 days at sea (at 18 and 14 knots).
Passages it crosses: Strait of Dover.
Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
The United Kingdom was Nigeria’s 9th largest trading partner (3% of its trade), and Nigeria was the United Kingdom’s 47th (0.3%).
- The United Kingdom in Nigeria’s trade
- 2.8%
- The United Kingdom’s rank among Nigeria’s partners
- 9th
- Nigeria in the United Kingdom’s trade
- 0.3%
- Nigeria’s rank among the United Kingdom’s partners
- 47th
Compare with
Other partners of Nigeria
Other partners of the United Kingdom
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.