According to the China Customs, the bilateral trade volume between China and Nigeria in 2005 reached US$2.83 billion, up by 29.7 percent, among which China's export to Nigeria was US$2.3 billion, up by 34 percent, while China's import from Nigeria was US$530 million, up by 13.8 percent. China had a surplus of US$1.77 billion. China mainly exported motorcycles, machinery equipment, auto parts, rubber tires, chemical products, textiles and garments, footwear, cement, and etc.
According to the Ministry of Commerce (hereinafter referred to as MOFCOM), the turnover of completed engineering contracts by Chinese companies in Nigeria reached US$770 million in 2005, and the volume of the newly signed contracts was US$ 980 million. The volume of completed labour service cooperation contracts was US$17.42 million, and that of the newly signed labour service cooperation contracts was US$36.31 million.
According to the MOFCOM, 17 Chinese-funded non-financial enterprises were set up in Nigeria in 2005, with a total contractual investment of US$19.04 million.
According to the MOFCOM, Nigeria invested in 24 projects in China in 2005, with a contractual volume of US$61.64 million and an actual utilization of US$8.56 million.
