India / Nigeria

Overview In January 2024, India exported $279M and imported $216M from Nigeria, resulting in a positive trade balance of $62.9M. Between January 2023 and January 2024 the exports of India have decreased by $-88.2M (-24.1%) from $367M to $279M, while imports decreased by $-19.3M (-8.22%) from $235M to $216M.

Trade In January 2024, the top exports of India to Nigeria were Petroleum Products ($160M), Drug Formulations, Biologicals ($26M), Two And Three Wheelers ($17.7M), Indl. Machnry For Dairy Etc ($15.4M), and Cotton Fabrics, Madeups Etc. ($12.1M). In January 2024 the top imports of India from Nigeria were Petroleum: Crude ($173M), Fertilezers Manufactured ($54.3M), Aluminium, Products Of Aluminm ($1.44M), Natural Rubber ($1.24M), and Lead And Products Made Of Led ($873k).

Growth In January 2024, the decrease in India's year-by-year exports to Nigeria was explained primarily by an decrease in product exports in Two And Three Wheelers ($-31.8M or -64.2%), Drug Formulations, Biologicals ($-14.7M or -36.1%), and Electric Machinery And Equipme ($-6.8M or -45.2%). In January 2024, the decrease in India's year-by-year imports  from Nigeria was explained primarily by an decrease in product imports  in Petroleum Products ($-286M or -100%), Petroleum: Crude ($-246M or -58.7%), and Finished Leather ($-934k or -75.1%).