Export to Nigeria from India

According to resources, the total export to Nigeria from India reached an estimated revenue of more than $3 Billion by the year 2022.

Trade agreements have also been signed between both countries in order to support exports.

Value in $Billion2020-20212021-2022(Apr-Dec)
India Export to Nigeria3.1B3.4B
India Import from Nigeria5.6B7.3B
Total Trade8.7B10.7B

Petroleum, Vehicles and Machinery are the major exported products from India to Nigeria at the present moment.

The E-commerce market in Nigeria reached $8.5 Billion by 2022 and expected to cross $12.5 Billion by the year 2025 with 13% growth rate.

The main reason behind this development is the Internet penetration rate in Nigeria which has reached more than 50% by 2022.

So, it’s a good scope for Indian exporters and sellers to grab the Nigeria market whether through offline channels or online selling platforms & marketplaces in Nigeria.

Useful resources

How to export from India?

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