China, India Lead as Nigeria’s Top Trading Partners in 2024, Trade Hits N20.31 Trillion

China and India are Nigeria’s top import sources, contributing a combined total of N20.31 trillion in imports, as stated in the latest 2024 trade report from the National Bureau of Statistics (NBS).

According to the report, China contributed N14.14 trillion to Nigeria’s imports in 2024, while India accounted for N6.17 trillion.

The majority of these imports consist of electronics, machinery, textiles, and industrial equipment, which are vital to Nigeria’s manufacturing and technology sectors.

India’s share of Nigeria’s imports remains substantial, particularly in pharmaceuticals, industrial raw materials, and processed food products.

Nigeria’s total imports for the year reached N37.59 trillion, with the following countries identified as the top sources:

China – N14.14 trillion
India – N6.17 trillion
USA – N4.07 trillion
Netherlands – N2.31 trillion
Africa – N2.16 trillion
France – N1.65 trillion
Brazil – N1.36 trillion
Spain – N1.47 trillion
Germany – N1.26 trillion
UK – N1.03 trillion
Italy – N944.01 billion
Canada – N315.38 billion
Japan – N458.16 billion
Oceania – N234.97 billion