Nigeria's exports have been on a dramatic upswing in recent years. Between 1998 and 1999, they grew more than three-fold, and by 2000 nearly doubled again. Exports in 2002 were 95% dominated by crude oil. Cocoa was the largest agricultural export. Leading imports were machinery, chemicals, transportation equipment, manufactured goods, and food.
The US was Nigeria's biggest trade partner, followed by India. Nigeria (the largest supplier of oil to the US) exported $8.5 billion worth of oil to the US. Principal trading partners in 2000 (in millions of US dollars) were as follows:
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