INTERNATIONAL TRADE (2005) Nigeria’s main import partners were China (10.6 per cent), the US (8.3 per cent), the Netherlands (5.9 per cent) and the UK (5.7 per cent). Other partners included Japan, Germany, France, Brazil, Belgium, Argentina, India, Canada, Denmark, South Africa, Korea, Thailand, Taiwan, Russia, Switzerland, Saudi Arabia, Greece, Spain, Israel, the United Arab Emirates and Scandinavian countries. Major import partners Macroeconomic indicators NOMINAL GROSS DOMESTIC PRODUCT (GDP) Nominal GDP (2007 estimate) The nominal GDP for 2007 was estimated at US$175 billion. SECTORAL CONTRIBUTIONS TO GDP (PER CENT) AND GROWTH RATE (PER CENT) Year 2004 2005 2006 Agriculture 40.98 41.19 41.77 Growth rate 6.50 7.06 7.17 Petroleum (crude oil, petrol and natural gas) 25.72 24.26 21.93 Growth rate 3.30 0.50 -4.5 Solid minerals 0.26 0.27 0.28 Growth rate 10.85 9.53 9.57 Telecommunications and postal services 1.20 1.45 1.82 Growth rate 28.97 28.81 31.98 Manufacturing 3.68 3.79 3.79 Growth rate 10.00 9.61 9.71 Source: National Bureau of Statistics (NBS), Abuja [adapted from the Country Self-Assessment Report (CSAR)]. XIII

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