Nigeria Balance of Trade  1981-2017 | Data | Chart | Calendar | Forecast

Exports from Nigeria rose sharply by 72.2 percent year-on-year to NGN 985816.9 million in December of 2016. Considering the fourth quarter of 2016, exports jumped 53.5 percent year-on-year to NGN 2978.9 billion mainly due to sales of crude oil and manufactured goods. Main export partners were India (16 percent of total exports), Netherlands (11.2 percent), the US (10.7 percent) and Spain (9.6 percent). Balance of Trade in Nigeria averaged 194551.09 NGN Millions from 1981 until 2016, reaching an all time high of 2177553.08 NGN Millions in October of 2011 and a record low of -592200.72 NGN Millions in March of 2011.

Nigeria Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-08 03:40 PM Oct NGN 96B NGN -27.2B
2017-03-08 03:40 PM Nov NGN 348.3B NGN 96B
2017-03-08 03:40 PM Dec NGN 227B NGN 348.3B
2017-06-14 12:00 PM Mar
2017-06-14 12:00 PM Feb
2017-06-14 12:00 PM Jan NGN 227B




Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade 227044.30 348299.50 2177553.08 -592200.72 NGN Millions [+]
Exports 985816.90 1062854.30 2648881.76 322.93 NGN Millions [+]
Imports 758772.70 714554.80 1554732.90 167.88 NGN Millions [+]
Current Account -404.65 1432.44 9455.37 -5695.27 USD Million [+]
Current Account to GDP -3.80 0.20 32.80 -18.70 percent [+]
Terms of Trade 100.23 102.71 160.25 49.48 Index Points [+]
Foreign Direct Investment 673.95 887.32 3084.90 501.83 USD Million [+]
Capital Flows -5821.99 5330.35 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.37 21.37 21.37 21.37 Tonnes [+]
Crude Oil Production 1269.00 1426.00 2475.00 675.00 BBL/D/1K [+]
Terrorism Index 9.31 9.21 9.31 3.86 [+]
External Debt 11406.28 11261.89 11406.28 3627.50 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Nigeria Balance of Trade Notes

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. Nigeria Balance of Trade - actual data, historical chart and calendar of releases - was last updated on April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
227044.30 348299.50 2177553.08 -592200.72 1981 - 2016 NGN Millions Monthly



Last
Afghanistan -7151.00 Dec/16
Albania -31106.20 Mar/17
Algeria -1308.00 Dec/15
Angola 4470.03 Jun/16
Argentina -941.00 Mar/17
Armenia -141.60 Mar/17
Aruba -465.10 Sep/16
Australia 3574.00 Feb/17
Austria -159.00 Jan/17
Azerbaijan 1291382.00 Dec/16
Bahamas -557.30 Dec/16
Bahrain -302.20 Dec/16
Bangladesh -113.50 Jan/17
Barbados -213020.00 Nov/16
Belarus -154.80 Feb/17
Belgium 2241.40 Feb/17
Belize -106.50 Jan/17
Benin -379.80 Dec/16
Bhutan -35828.70 Dec/16
Bolivia -265.44 Dec/16
Bosnia and Herzegovina -594537.04 Mar/17
Botswana -24.00 Dec/16
Brazil 7145.00 Mar/17
Brunei 376.90 Feb/17
Bulgaria -157.40 Feb/17
Burkina Faso -86.40 Mar/16
Burundi -80703.95 Jan/17
Cambodia -994.90 Nov/16
Cameroon -1189.42 Dec/14
Canada -972.10 Feb/17
Cape Verde -6589.70 Feb/17
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 290.30 Mar/17
China 239.20 Mar/17
Colombia -0.99 Feb/17
Comoros -73203.00 Dec/16
Congo -289.80 Dec/15
Costa Rica -385.90 Mar/17
Croatia -3822.78 Feb/17
Cuba -9578.00 Dec/15
Cyprus -273026.00 Feb/17
Czech Republic 38954.00 Feb/17
Denmark 4108.40 Feb/17
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -9404.27 Dec/16
Ecuador 283225.00 Feb/17
Egypt -2084.00 Feb/17
El Salvador -350.14 Mar/17
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -96.63 Feb/17
Ethiopia -3565.10 Sep/16
Euro Area 17800.00 Feb/17
European Union 1699.20 Feb/17
Fiji -255170.00 Nov/16
Finland -280.00 Feb/17
France -6568.00 Feb/17
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -397.10 Mar/17
Germany 19881.00 Feb/17
Ghana 46.90 Dec/16
Greece -1977.80 Feb/17
Guatemala -541.00 Jan/17
Guinea 32.97 Sep/16
Guinea Bissau 8.20 Dec/15
Guyana -133.90 Sep/16
Haiti -236.40 Sep/16
Honduras -452.80 Dec/16
Hong Kong -42268.00 Mar/17
Hungary 281000.00 Feb/17
Iceland -16200.00 Mar/17
India -10437.20 Mar/17
Indonesia 1234.00 Mar/17
Iran 4127.00 Sep/16
Iraq 4397.00 Dec/15
Ireland 4735800.00 Feb/17
Israel -1036.10 Mar/17
Italy 1884.00 Feb/17
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan 614.72 Mar/17
Jordan -709700.00 Jan/17
Kazakhstan 1577.20 Feb/17
Kenya -76470.00 Dec/16
Kosovo -233399.00 Mar/17
Kuwait 1693.00 Dec/16
Kyrgyzstan -111.20 Feb/17
Laos -339.15 Jun/16
Latvia -151.80 Feb/17
Lebanon -1421.92 Feb/17
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 343493.00 Dec/16
Lithuania -250.20 Feb/17
Luxembourg -0.63 Feb/17
Macau -5347600.00 Mar/17
Macedonia -142509.00 Feb/17
Madagascar 20810.00 Dec/16
Malawi -52012.50 Sep/16
Malaysia 8708.72 Feb/17
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
Malta -127663.00 Feb/17
Mauritania -79.64 Mar/16
Mauritius -5647.00 Feb/17
Mexico -183.00 Mar/17
Moldova -156.10 Feb/17
Monaco -119.40 Dec/16
Mongolia 189.40 Mar/17
Montenegro -165285.00 Mar/17
Morocco -11927.00 Feb/17
Mozambique 18.20 Dec/16
Myanmar -332.60 Jul/16
Namibia -10235.56 Dec/16
Nepal -65907.40 Sep/16
Netherlands 5585.00 Feb/17
New Caledonia -10978.00 Dec/16
New Zealand 332.00 Mar/17
Nicaragua -268.30 Dec/16
Niger -108402.00 Sep/16
Nigeria 227044.30 Dec/16
North Korea -476.67 Dec/15
Norway 22719.43 Mar/17
Oman 205.90 Nov/16
Pakistan -336061.00 Mar/17
Palestine -334.00 Feb/17
Panama -698306.16 Feb/17
Papua New Guinea 4593.00 Sep/16
Paraguay 118135.00 Mar/17
Peru 741.00 Feb/17
Philippines -1728241.69 Feb/17
Poland -537.00 Feb/17
Portugal -746.19 Feb/17
Puerto Rico 2830.80 Dec/16
Qatar 12321.00 Feb/17
Republic of the Congo 4092.35 Dec/10
Romania -651.60 Feb/17
Russia 10171.00 Feb/17
Rwanda -116.57 Nov/16
Sao Tome and Principe -27.04 Dec/16
Saudi Arabia 88253.00 Dec/16
Senegal -149.50 Jan/17
Serbia -469.70 Mar/17
Seychelles -23.40 Feb/17
Sierra Leone -52.89 Jun/16
Singapore 6098.90 Mar/17
Slovakia 344.00 Feb/17
Slovenia 15.03 Feb/17
Somalia -1473.48 Dec/15
South Africa 11435.19 Mar/17
South Korea 6550.00 Mar/17
South Sudan -104.70 Dec/15
Spain -2606000.00 Feb/17
Sri Lanka -773.00 Feb/17
Sudan -477522.00 Dec/16
Suriname 154.40 Dec/16
Swaziland 608.24 Sep/16
Sweden -800.00 Mar/17
Switzerland 3101.03 Mar/17
Syria 9394.50 Dec/10
Taiwan 3933.06 Mar/17
Tajikistan -117.70 Jan/17
Tanzania 150.30 Jan/17
Thailand 1616.92 Mar/17
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -1368.30 Mar/17
Turkey -4492.00 Mar/17
Turkmenistan 2181.97 Dec/15
Uganda -181.00 Feb/17
Ukraine -336.20 Feb/17
United Arab Emirates 250900.00 Dec/16
United Kingdom -3663.00 Feb/17
United States -43557.00 Feb/17
Uruguay -286656.00 Mar/17
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -800.00 Apr/17
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -197.50 Dec/16