News
In 2018, ₦189 Billion Worth Of Used Vehicles Were Imported Into Nigeria From USA
Most of the cars used in Nigeria come from USA. In the past it used to be from Europe but “American Spec” is now the order of the day.
Some of the reasons why most of our imported cars come from there is because of: availability and ease of importing cars (even from the comfort of your home). Don’t fail to read our post on “7 steps to buy your car from USA and ship to Nigeria without leaving your bedroom.”
Nigeria imported $526 million (₦189 billion) worth of used vehicles in 2018, as against $284 million (₦102 billion) worth of vehicles in 2017.
According to the U.S Department of Commerce, Nigeria imported 82,180 units of vehicles from the U.S in 2018, as against 48,899 units in 2017.
Data further show that between 2014 and 2018, the total value of used vehicle import from the U.S amounted to $189 billion. However, in 2014, Nigeria recorded $633 million (₦228 billion), which fell to $272.7 million (₦98 billion) in 2015. This makes Nigeria the third highest importer of used Vehicles from the U.S.
Data from the Nigerian Ports Authority (NPA) revealed that between 2017 and 2018, no fewer than 229,690 vehicles were imported through the seaports.
It was revealed that some 180,753 vehicles were imported in 2017 alone.
The shipping statistics show that Tincan Port took delivery of 12,400 vehicles from the Mediterranean region during the period. The vehicles were transported to the country by the Italian shipping line, Grimaldi Group, to the Port and Terminal and Multi-services Limited (PTML).
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Abiola Obadimeji
May 14, 2019 at 21:28
One cannot really blame Nigerians who opt for Used cars over new ones, new cars are extremely expensive in Nigeria and are not for the average Nigerians, imagine a new Kia Picanto is sold for over N2million when I can get a luxurious used saloon car for about the same and in some cases lower than that..