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Economy > Trade > Imports Stats: compare key data on Nigeria & South Korea

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Definitions

  • Documents to import > Number: Documents to import (number). All documents required per shipment to import goods are recorded. It is assumed that the contract has already been agreed upon and signed by both parties. Documents required for clearance by government ministries, customs authorities, port and container terminal authorities, health and technical control agencies and banks are taken into account. Since payment is by letter of credit, all documents required by banks for the issuance or securing of a letter of credit are also taken into account. Documents that are renewed annually and that do not require renewal per shipment (for example, an annual tax clearance certificate) are not included.
  • Documents to import > Number per million: Documents to import (number). All documents required per shipment to import goods are recorded. It is assumed that the contract has already been agreed upon and signed by both parties. Documents required for clearance by government ministries, customs authorities, port and container terminal authorities, health and technical control agencies and banks are taken into account. Since payment is by letter of credit, all documents required by banks for the issuance or securing of a letter of credit are also taken into account. Documents that are renewed annually and that do not require renewal per shipment (for example, an annual tax clearance certificate) are not included. Figures expressed per million population for the same year.
  • Food imports > % of merchandise imports: Food imports (% of merchandise imports). Food comprises the commodities in SITC sections 0 (food and live animals), 1 (beverages and tobacco), and 4 (animal and vegetable oils and fats) and SITC division 22 (oil seeds, oil nuts, and oil kernels).
  • Goods and services: Imports of goods and services as a % of GDP, 2000
  • Goods and services > Annual % growth: Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2000 U.S. dollars. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude labor and property income (formerly called factor services) as well as transfer payments.
  • Goods and services > BoP > Current US$: Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Data are in current U.S. dollars.
  • Goods and services > BoP > Current US$ > Per $ GDP: Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Data are in current U.S. dollars. Per $ GDP figures expressed per 1 $ gross domestic product.
  • Goods and services > BoP > Current US$ > Per capita: Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Data are in current U.S. dollars. Per capita figures expressed per 1 population.
  • Goods and services > BoP > Current US$ per capita: Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Data are in current U.S. dollars. Figures expressed per capita for the same year.
  • Goods and services > Constant 2000 US$ > Per capita: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude labor and property income (formerly called factor services) as well as transfer payments. Data are in constant 2000 U.S. dollars. Per capita figures expressed per 1 population.
  • Goods and services > Current US$ > Per capita: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude labor and property income (formerly called factor services) as well as transfer payments. Data are in current U.S. dollars. Per capita figures expressed per 1 population.
  • Imports of goods and services: GDP by Type of Expenditure at current prices - US dollars.
  • Imports of goods and services per capita: GDP by Type of Expenditure at current prices - US dollars. Figures expressed per capita for the same year.
  • Leading import source: Country or customs union which is the main supplier of imports.
  • Per $ GDP: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Per $ GDP figures expressed per 1 $ gross domestic product.
  • Goods and services > Current US$ > Per $ GDP: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude labor and property income (formerly called factor services) as well as transfer payments. Data are in current U.S. dollars. Per $ GDP figures expressed per 1 $ gross domestic product.
  • Goods and services > Current US$: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude labor and property income (formerly called factor services) as well as transfer payments. Data are in current U.S. dollars.
  • Goods and services > Constant LCU: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude labor and property income (formerly called factor services) as well as transfer payments. Data are in constant local currency.
  • Goods and services > Constant 2000 US$: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude labor and property income (formerly called factor services) as well as transfer payments. Data are in constant 2000 U.S. dollars.
  • Per capita: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Per capita figures expressed per 1 population.
  • Imports of goods and services > Constant LCU: Imports of goods and services (constant LCU). Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in constant local currency.
STAT Nigeria South Korea HISTORY
Documents to import > Number 13
Ranked 4th. 4 times more than South Korea
3
Ranked 185th.

Documents to import > Number per million 0.077
Ranked 170th. 28% more than South Korea
0.06
Ranked 175th.

Food imports > % of merchandise imports 30.56%
Ranked 5th. 6 times more than South Korea
4.8%
Ranked 82nd.

Goods and services 41%
Ranked 76th.
42%
Ranked 74th. 2% more than Nigeria
Goods and services > Annual % growth 21.31%
Ranked 11th. 3 times more than South Korea
6.9%
Ranked 76th.

Goods and services > BoP > Current US$ 24.61 billion BoP $
Ranked 51st.
313.99 billion BoP $
Ranked 12th. 13 times more than Nigeria

Goods and services > BoP > Current US$ > Per $ GDP 0.249 BoP $ per $1 of GDP
Ranked 119th.
0.399 BoP $ per $1 of GDP
Ranked 81st. 60% more than Nigeria

Goods and services > BoP > Current US$ > Per capita 174.09 BoP $ per capita
Ranked 126th.
6,501.6 BoP $ per capita
Ranked 41st. 37 times more than Nigeria

Goods and services > BoP > Current US$ per capita 176.3 BoP $
Ranked 125th.
6,522.69 BoP $
Ranked 40th. 37 times more than Nigeria

Goods and services > Constant 2000 US$ > Per capita 187.59 constant 2000 US$ per c
Ranked 98th.
5,905.13 constant 2000 US$ per c
Ranked 18th. 31 times more than Nigeria

Goods and services > Current US$ > Per capita 246.58$ per capita
Ranked 115th.
6,521.91$ per capita
Ranked 29th. 26 times more than Nigeria

Imports of goods and services 83.67 billion
Ranked 41st.
603.47 billion
Ranked 7th. 7 times more than Nigeria

Imports of goods and services per capita 495.59
Ranked 164th.
12,068.34
Ranked 42nd. 24 times more than Nigeria

Leading import source European Union China
Per $ GDP $0.23 per $1 of GDP
Ranked 133th.
$0.34 per $1 of GDP
Ranked 88th. 45% more than Nigeria

Goods and services > Current US$ > Per $ GDP 0.352$ per $1 of GDP
Ranked 99th.
0.4$ per $1 of GDP
Ranked 87th. 14% more than Nigeria

Goods and services > Current US$ 34.86 billion$
Ranked 43th.
314.97 billion$
Ranked 9th. 9 times more than Nigeria

Goods and services > Constant LCU 86772110000 322530900000000
Goods and services > Constant 2000 US$ 26.52 billion constant 2000 US$
Ranked 40th.
285.18 billion constant 2000 US$
Ranked 8th. 11 times more than Nigeria

Per capita $215.75 per capita
Ranked 76th.
$7,128.18 per capita
Ranked 37th. 33 times more than Nigeria

Imports of goods and services > Constant LCU 262.2 billion
Ranked 60th.
481.65 trillion
Ranked 3rd. 1837 times more than Nigeria

SOURCES: World Bank, Doing Business project (http://www.doingbusiness.org/).; World Bank, Doing Business project (http://www.doingbusiness.org/). Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; World Bank staff estimates; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; World Development Indicators database; World Development Indicators database. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; United Nations Statistics Division. Source tables; United Nations Statistics Division. Source tables. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; World Trade Organization Trade Profiles database, loaded 2010; CIA World Factbooks 18 December 2003 to 28 March 2011; World Bank national accounts data

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