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Nigeria September 28, 2020

Russian Export to Nigeria: Companies, Numbers and Categories

Возможно, это изображение (текст «1H2020 Russian export to Nigeria $170 million Largest export categories $44 million $34 million Wheat $26 million Oil and petroleum products (excluding crude) Potassium chloride $25 million $15.5 million Fabricated materials from iron and steel Hot-rolled steel INTEXPERTISE intexpertise.ru»)

In the first half of 2020 Nigeria’s import of Russian goods amounted to $170 million, which is 28% more than in the same period of the previous year. The country’s share in total Russian exports to Africa increased from 2.1% to 3.8%, which makes Nigeria the 6th largest importer of Russian goods in Africa and the 2nd largest in Sub-Saharan Africa.

In the first half of 2020 Nigeria's import of Russian goods amounted to $170 million, which is 28% more than in the same period of the previous year.

The biggest export category was wheat. It accounted for $44 million, or 26% of the total. This year most of the supplies were delivered from the Baltic region, not Krasnodar Krai or Rostov oblast as usual.

The 2nd export category was oil and petroleum products (excluding crude) — $34 million, or 20%.

3rd place was taken by potassium chloride used as fertilizer ($26 million). All supplies were provided by Uralkali, who thereby became the largest Russian exporter to Nigeria.

Then follows fabricated materials from iron and steel ($25 million) fully supplied to Nigeria by OEMK under Metalloinvest holding and hot-rolled steel provided by Severstal and enterprises from Chelyabinsk oblast. In 1H 2020 the export categories mentioned above together accounted for more than 85% of Russian export to Nigeria.

In 1H 2020 Nigeria has also received vaccines for the use of human for prevention of the yellow fever for $3.6 million. The vaccine is produced by the M.P. Chumakov Moscow Institute of Poliomyelitis and Viral Encephalitis.

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