Exports from Russia to Nigeria are relatively insignificant (0.2%
of Russia's total exports), but are gradually developing. There were jumps in export dynamics in 2018.
(up to $734 million
due to an increase in the supply of wheat and oil products) and in 2021 (up to $883 million
due to an increase in the supply of oil products). For Nigeria, Russia is a fairly significant import partner.
In 2021, Russia provided 4%
of deliveries to Nigeria and took 6th place
in the country's import structure.
Statistics from Nigeria and Russia differ significantly. In 2021, according to Nigerian data, deliveries from Russia reached $2.1 billion
, according to Russian data, $0.9 billion
, which is more than 2 times lower, but is due to the route of supply of petroleum products and affects industrial goods to a lesser extent.
The main exports from Russia to Nigeria are oil products and wheat, which in 2021 provided almost 90%
of Russian supplies to the country. Exports also include rolled sheets, potash and nitrogen fertilizers, and frozen fish.
Russia is among Nigeria's main wheat import partners; immune products, blood; unalloyed hot-rolled sheet metal; fertilizers.
Structure of Russian exports to Nigeria:
- Fuel 57%
- Grain 29%
- Fertilizers 5%
- Pharmaceutical products 2%
- Fish and seafood 2%
- Ferrous metals 1%
- Other 4%