Fastest-Growing Nigerian Import Products

Nigeria, a West African nation

Nigeria, a West African nation

The following analysis highlights Nigeria’s fastest-growing imported goods and is based on data for 2014. For more recent research statistics, please see the main article Nigeria’s Top 10 Imports.

Fourteen of the fastest-growing Nigerian import products posted an increase in value from 2010 to 2014 exceeding 1,000%. Gains ranged from 1,004% for imported fruits and nuts to almost 18,000% for imported knitted or crocheted fabric.

Overall, Nigerian imports rose 15% over the 5-year period.

Please note that this analysis is at the 2-digit Harmonized Tariff System code level, which is better for looking at trends as opposed to uncovering opportunities at the more micro 4, 6 or 8-digit code level.

Fastest-Growing Nigerian Import Products

Listed below in descending order are the fastest-growing Nigerian import products. Also shown is the percentage increase in value for each import product category from 2010 to 2014.

  1. Knitted or crocheted fabric: US$73 million (up 17,979% since 2010)
  2. Clothing (not knit or crochet): $798.4 million (up 7,995%)
  3. Vegetable products: $622,000 (up 7,675%)
  4. Knit or crochet clothing: $642.4 million (up 6,067%)
  5. Wool: $3 million (up 4,398%)
  6. Textile floor coverings: $20.2 million (up 4,269%)
  7. Special woven/tufted fabric: $364 million (up 3,804%)
  8. Cotton: $294.1 million (up 3,734%)
  9. Meat: $4.9 million (up 3,246%)
  10. Aircraft, spacecraft: $555.5 million (up 1,629%)
  11. Nickel: $3.8 million (up 1,544%)
  12. Feathers, artificial flowers, hair: $359.8 million (up 1,488%)
  13. Oil: $7.8 billion (up 1,191%)
  14. Fruits, nuts: $65.8 million (up 1,004%)

Pile fabrics were major factors behind Nigeria’s fastest-growing import product category, knitted or crocheted fabric.

Purchases of men’s and boy’s cotton trousers and shirts were top gainers for the second-place clothing (not knit or crochet category.

Miscellaneous vegetables led the vegetable products category to its third-place finish.

Knitted clothing accessories, shawls, scarves and gloves also posted significant purchase increases from Nigerian importers.

Research Sources:
The World Factbook, Field Listing: Imports, Central Intelligence Agency. Accessed on August 21, 2015

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on August 21, 2015