Exports of commodity group 40 “Rubber and articles thereof” amounted to 0.08% of total exports from Nigeria (cumulative merchandise exports from Nigeria totalled $ 53 billion in 2019).
Who is the major exporter of rubber?
Distribution of the leading natural rubber exporting countries in 2019*
|Characteristic||Share of global exports|
What is Nigeria’s biggest export?
Nigeria’s Top 5 Commodity Exports
- Crude Petroleum – $45 billion.
- Petroleum Gas – $8.6 billion.
- Refined Petroleum – $940 million.
- Cocoa Beans – $621 million.
- Gold – $577 million.
What does Nigeria produce and export?
Economy of Nigeria
|Export goods||petroleum and petroleum products, chemicals, vehicles, aircraft parts, vessels, vegetable products, processed food, beverages, spirits and vinegar, cashew nuts, processed leather, cocoa, tobacco, aluminum alloys (2015)|
What are Nigeria’s top 3 exports?
Exports: The top exports of Nigeria are Crude Petroleum ($46B), Petroleum Gas ($7.78B), Scrap Vessels ($2.26B), Flexible Metal Tubing ($2.1B), and Cocoa Beans ($715M), exporting mostly to India ($10.5B), Spain ($6.32B), United States ($4.68B), France ($4.37B), and Ghana ($4.04B).
What country exports the most natural rubber?
Searchable List of Natural Rubber Exporting Countries in 2019
|Rank||Exporter||Exported Natural Rubber (US$)|
Where does the US get its rubber?
In 2018, the top partner countries from which United States Imports Plastic or Rubber include China, Canada, Mexico, Japan and Germany.
Is Nigeria richer than India?
India has a GDP per capita of $7,200 as of 2017, while in Nigeria, the GDP per capita is $5,900 as of 2017.
Why is Nigeria the richest country in Africa?
With a GDP just under $450 billion, Nigeria holds the position of the richest country in Africa. … These petroleum exports make up 10% of the total GDP and over 80% of the export sector revenue. In addition to petroleum, Nigeria has an abundance of raw materials and natural resources, contributing to the region’s wealth.
Is Nigeria richer than Philippines?
The Philippines has 100 million people, 12th largest in the world. The size of the Nigerian economy, in nominal Gross Domestic Product (GDP), is large, just like the Philippines. The Nigerian GDP is $286.47 billion, No. … The Philippine GDP is $250.18 billion, No.
Which country is Nigeria largest trading partner?
Main import trading partners of Nigeria as of the 4th quarter of 2020
|Characteristic||Share of import value|
What does Nigeria export to USA?
The United States is the largest foreign investor in Nigeria, with U.S. foreign direct investment concentrated largely in the petroleum/mining and wholesale trade sectors. … Nigerian exports to the United States included crude oil, cocoa, cashew nuts, and animal feed.
Which countries does Nigeria export oil to?
According to the CIA World Factbook, Nigeria’s main export partners are the United States, India, Brazil, Spain, France, and the Netherlands.
Who imports the most to Nigeria?
Nigeria’s imports 2019 by country
- China with a share of 25% (12 billion US$)
- India with a share of 12% (5.7 billion US$)
- USA with a share of 9.87% (4.67 billion US$)
- Netherlands with a share of 7.37% (3.49 billion US$)
- Belgium with a share of 5.01% (2.37 billion US$)
- Swaziland with a share of 3.28% (1.55 billion US$)
What is Nigeria’s biggest import?
- Machinery including computers: US$9.9 billion (18.6% of total imports)
- Mineral fuels including oil: $8.2 billion (15.4%)
- Vehicles: $5.3 billion (10.1%)
- Electrical machinery, equipment: $3.7 billion (7%)
- Pharmaceuticals: $2.8 billion (5.3%)
- Plastics, plastic articles: $2.4 billion (4.5%)
- Cereals: $2.2 billion (4.2%)
What food does Nigeria Export?
According to the reports, Nigeria’s major agricultural exports so far in 2019 include Sesamum seeds (whether or not broken), Cashew nuts, fermented Cocoa Beans, Superior quality raw cocoa beans, Other Frozen shrimps and prawns, Ginger and Natural Cocoa butter, ginger and agro-foods.