Bilateral trade between India and Nigeria has touched new heights, crossing USD 10 billion marks for the first time. The trade between the two countries grew by 17 per cent in the last year to reach USD 10.22 billion, securing India's position as Nigeria's second largest trading partner. Mahesh Sachdev, Indian high commissioner to the country stated this in weekly newsletter India Page in Abuja. He said despite decline in oil prices, global economic meltdown and India's ban on rice exports, over past two years the growth in Nigeria-India trade accelerated from 9.8 per cent to 17.5 per cent. The high commissioner also noted that this increase shows that the bilateral trade is largely based on mutual consumer preferences that render it notably immune to global factors. Crude oil was the biggest component of Nigeria exports to India while Indian exports were more varied with machinery, medicines, electronics and transport vehicles constituting the first four categories.