What does Nigeria import from South Africa?

Nigeria imports from South Africa Value Year
Plastics $113.24M 2019
Vehicles other than railway, tramway $77.70M 2019
Machinery, nuclear reactors, boilers $58.45M 2019
Edible fruits, nuts, peel of citrus fruit, melons $38.89M 2019

What does South Africa export to Nigeria?

Beyond crude oil, South Africa imports an additional US$ 9 million from Nigeria which includes fertilisers, Rubber products, coffee & tea as well as aluminium products. South Africa’s fast growing (high value) exports to Nigeria include, edible fruits Ships & boats, as well as plastic products (see table below).

Does South Africa buy oil from Nigeria?

So over the period January 2019 to February 2020 South Africa has imported an average of 4.365million barrels of crude oil from Nigeria each month.

How much does South Africa export?

According to the latest available data from WTO, in 2019, South Africa exported USD 90 billion worth of products, while it imported USD 107 billion of goods. The country imported services of the total value of USD 15.3 billion whereas its exports of services in the same year reached the total value of USD 14.4 billion.

How would imposing tariffs on imported goods benefit South Africa?

By making foreign goods more expensive, the tariff allows domestic suppliers to be more price competitive in the market – increasing overall domestic supply. To illustrate the effect of an import tariff on the South African poultry market, the following prices and tariffs are used [1].

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Which country is Nigeria largest trading partner?

Nigeria’s main trade partners are Brazil, China, India, Japan, US and the European Union.

What food does Nigeria import?

Nigeria relies on imports to meet its food and agricultural product needs (mostly wheat, rice, poultry, fish, food services, consumer-oriented foods, etc.) worth about $10 billion annually.

Which country is the top imports into Nigeria?

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Nigeria Imports By Country Value Year
China $12.06B 2019
India $5.70B 2019
United States $4.68B 2019
Netherlands $3.49B 2019
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