Nigeria-Australia Trade Mission and Business Delegation

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 International trade has been a great stabilizer for many countries, contributing to economic expansion even at times of slackening domestic demand.....


Overview of Australia’s existing trade and investment relationships with the countries of Africa

Submissions emphasized the importance of recognizing that Nigeria cannot be described or analyzed as a single market but is comprised of discrete economies with separate opportunities.

The Department of Foreign Affairs and Trade (DFAT) provided information on trade between Australia and the individual Nigeria economy.

This data indicates that the goods trade with South Africa is, by a wide margin, Australia’s most valuable trade relationship with an African country. In 2016, Australia’s trade with South Africa was valued at over $2 billion.

Australia also maintains trade relationships with several other African countries that, in 2016, were valued at over $100 million. These include Algeria, Egypt, Gabon, Ghana, Mauritius, Mozambique, Nigeria, and the Republic of the Congo.

Australia’s major merchandise exports to Nigeria, in 2016, were largely concentrated in the primary industries, with Aluminium ores, wheat, coal, vegetables, meat and wool all featuring in the top 10 exports. Civil engineering equipment and parts, and specialized machinery, together formed 12 per cent of merchandise exports to Africa.

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