Nigeria Balance of Trade 2002-2014 | Data | Chart | Calendar | Forecast

Nigeria recorded a trade surplus of 759465.90 Millions Nigerian Naira in March of 2014. Balance of Trade in Nigeria averaged 469044.65 Millions Nigerian Naira from 2002 until 2014, reaching an all time high of 2177794.70 Millions Nigerian Naira in October of 2011 and a record low of -592182.60 Millions Nigerian Naira in March of 2011. Balance of Trade in Nigeria is reported by the National Bureau of Statistics, Nigeria.

   
 
 

Nigeria Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
759465.90 775514.30 2177794.70 -592182.60 2002 - 2014 Millions Nigerian Naira Monthly
Exports of commodities (oil and natural gas) is the main factor behind Nigeria's growth and accounts for more than 95% of total exports. Nigeria's main exports partners are: USA (30% of total in 2009), Equatorial Guinea (8%), Brazil (6.6%), France (6%) and India (6%). Nigeria imports mainly: industrial supplies (32% of total), transport equipment and parts (23%), capital goods (24%), food and beverage (11%) and consumer goods. Main import partners are: China (17% of total), Albania (11.3%), United States (7.5%), France and Belgium. 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 Friday, October 31, 2014.

Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade 759465.90 775514.30 2177794.70 -592182.60 Millions Nigerian Naira [+]
Exports 1283987.10 1263067.70 2648916.30 115556.00 Millions Nigerian Naira [+]
Imports 524521.20 487553.30 1554732.90 59635.15 Millions Nigerian Naira [+]
Current Account 5634.42 5384.89 9455.37 -4410.00 USD Million [+]
Current Account to GDP 7.10 10.80 37.90 -18.70 Percent [+]
Terms of Trade 103.75 104.22 160.25 49.48 Index Points [+]
Foreign Direct Investment 166270.41 190363.88 824311.38 1245.42 USD Thousand [+]
Gold Reserves 21.37 21.37 21.37 21.37 Tonnes [+]
Crude Oil Production 2470.00 2320.00 2695.00 675.00 BBL/D/1K [+]