Nigeria imports lots of products from India, and some of these are pharmaceutical drugs, organic chemicals, nuclear reactors, boilers, machinery, paper and paperboard, iron and steel, and technical knowledge in many areas. The National Bureau of Statistics says Nigeria imported goods worth N408.572 billion from India in 2015.
There is no hiding the fact that President Buhari and some members of his cabinet are presently in China working out bilateral trade agreements, building on the efforts of past governments to maximize trade with the major Asian country. Chief among Nigerian imports from China is electronics, mobile devices, engineering products, and technical skills for construction projects. It is estimated that China exported goods worth N1.567 trillion to Nigeria in 2015.
3. United Kingdom
Nigeria imports a lot of things from the United Kingdom, and among these are fashion clothing, shoes, engineering facilities, vehicles, and hundreds of other items. It is estimated by the National Bureau of Statistics that Nigeria imported goods worth N283.759 billion from the UK in 2015.
4. United States
Nigeria imported hundreds of finished and unfinished products from the United States every year, and the National Bureau of Statistics estimated Nigeria took in products worth N581.99 billion from America last year. Nigeria imports almost everything from America, from clothing to vehicles to electronics to electrical appliances and hundreds of other household and public items.
5. The Netherlands
The National Bureau of Statistics revealed Nigeria imported goods worth N415.4 billion from the Netherlands last year, and these range from clothes to bags to shoes to more industrial products used in our factories.
It must be pointed out that Nigeria does business with most countries of the world and imports fairly sizeable products from each, but the country is currently looking into reducing importation so as to boost local production of goods and services and to improve our economy and strengthen our factories within the same vein. It must also be noted that Nigeria does not import finished or unfinished products or goods alone; it also imports unseen services such as technical expertise and industrial partnerships among other things.