Nigeria Balance of Trade 2002-2015 | Data | Chart | Calendar | Forecast

Nigeria recorded a trade surplus of 480742.50 NGN Millions in March of 2015. Balance of Trade in Nigeria averaged 485755.70 NGN Millions from 2002 until 2015, reaching an all time high of 2177794.70 NGN Millions in October of 2011 and a record low of -592182.60 NGN Millions in March of 2011. Balance of Trade in Nigeria is reported by the National Bureau of Statistics, Nigeria.

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Nigeria Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
480742.50 782387.60 2177794.70 -592182.60 2002 - 2015 NGN Millions Monthly
Exports of commodities (oil and natural gas) is the main factor behind Nigeria's growth and accounts for more than 91% of total exports. In 2014, Europe and Asia were the country's main trade partners. Europe accounted for 43% of total sales and 34% of total imports while Asia accounted for 29% of total shipments and 43% of total purchases. This page provides - Nigeria Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Nigeria Balance of Trade - was last refreshed on Monday, July 6, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2013-03-08 03:00 PM Q4 2012

Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade 480742.50 782387.60 2177794.70 -592182.60 NGN Millions [+]
Exports 1014713.00 1306399.60 2648916.30 115556.00 NGN Millions [+]
Imports 533970.60 524012.00 1554732.90 59635.15 NGN Millions [+]
Current Account -158.49 2831.97 9455.37 -4410.00 USD Million [+]
Current Account to GDP 2.60 3.90 37.90 -18.70 percent [+]
Terms of Trade 107.95 95.49 160.25 49.48 Index Points [+]
Foreign Direct Investment 1030.06 1155.15 3084.90 667.88 USD Million [+]
Gold Reserves 21.37 21.37 21.37 21.37 Tonnes [+]
Crude Oil Production 2420.00 2470.00 2695.00 675.00 BBL/D/1K [+]
Capital Flows 7.94 1.12 20.30 -15.44 USD Billion [+]
External Debt 9464.11 9711.45 9711.45 3627.50 USD Million [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2751.00 May/15 -4136.00 2254.00 -4136.00 AUD Million [+]
Brazil 4527.00 Jun/15 2761.00 5659.37 -4058.14 USD Million [+]
Canada -2974.00 Apr/15 -3853.00 8524.80 -3853.00 CAD Million [+]
China 594.88 May/15 341.34 606.19 -319.71 USD Hundred Million [+]
Euro Area 24941.50 Apr/15 22974.80 24941.50 -16748.10 EUR Million [+]
France -3008.00 Apr/15 -4410.00 2674.00 -7086.00 EUR Million [+]
Germany 22100.00 Apr/15 23100.00 23500.00 -535.91 EUR Million [+]
India -10406.20 May/15 -10990.00 258.90 -20210.90 USD Million [+]
Indonesia 955.00 May/15 477.40 4641.92 -2329.13 USD Million [+]
Italy 3736.00 Apr/15 4011.00 6923.00 -6389.30 EUR Million [+]
Japan -216.00 May/15 -53.44 1608.67 -2795.04 JPY Billion [+]
Mexico -1017.00 May/15 -85.30 1710.25 -3292.30 USD Million [+]
Netherlands 5017.00 Apr/15 5440.00 6329.20 -907.60 EUR Million [+]
Russia 17142.00 May/15 15037.00 20356.00 -185.00 USD Million [+]
South Korea 10243.00 Jun/15 6300.98 10243.00 -4043.45 USD Million [+]
Spain -2253100.00 Apr/15 -890600.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3433.00 May/15 2658.00 3894.91 -1478.68 CHF million [+]
Turkey -6753.00 May/15 -4966.00 24.51 -10453.06 USD Million [+]
United Kingdom -1202.00 Apr/15 -3093.00 2946.00 -5397.00 GBP Million [+]
United States -40879.00 Apr/15 -50566.00 1946.00 -67823.00 USD Million [+]