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

Nigeria recorded a trade surplus of 1145748.70 NGN Millions in December of 2014. Balance of Trade in Nigeria averaged 490371.71 NGN Millions from 2002 until 2014, 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.

     Forecast  
Nigeria Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
1145748.70 487620.20 2177794.70 -592182.60 2002 - 2014 NGN Millions 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 Saturday, April 25, 2015.

Calendar GMT Event Actual Previous Consensus Forecast (i)
2013-03-08 03:00 PM
Balance of Trade  Q4 2012


Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade 1145748.70 487620.20 2177794.70 -592182.60 NGN Millions [+]
Exports 1775663.80 1030636.70 2648916.30 115556.00 NGN Millions [+]
Imports 629915.10 543016.60 1554732.90 59635.15 NGN Millions [+]
Current Account -158.49 2831.97 9455.37 -4410.00 USD Million [+]
Current Account to GDP 7.10 10.80 37.90 -18.70 percent [+]
Terms of Trade 108.82 101.92 160.25 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 2440.00 2440.00 2695.00 675.00 BBL/D/1K [+]
External Debt 9711.45 9518.95 9711.45 3627.50 USD Million [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1256.00 Feb/15 -1003.00 2251.00 -3884.00 AUD Million [+]
Brazil 458.00 Mar/15 -2841.76 5659.37 -4058.14 USD Million [+]
Canada -984.00 Feb/15 -1475.00 8524.80 -2902.90 CAD Million [+]
China 30.81 Mar/15 606.19 606.19 -319.71 USD Hundred Million [+]
Euro Area 20300.00 Feb/15 7600.00 24009.80 -16638.00 EUR Million [+]
France -3449.00 Feb/15 -3710.00 2674.00 -7086.00 EUR Million [+]
Germany 19174.00 Feb/15 15900.00 23500.00 -535.91 EUR Million [+]
India -11790.00 Mar/15 -6847.00 258.90 -20210.90 USD Million [+]
Indonesia 1131.60 Mar/15 662.70 4641.92 -2329.13 USD Million [+]
Italy 3537.91 Feb/15 232.00 6923.00 -6389.30 EUR Million [+]
Japan 229.26 Mar/15 -425.00 1608.67 -2795.04 JPY Billion [+]
Mexico 558.30 Feb/15 -3248.00 1710.25 -3292.30 USD Million [+]
Netherlands 6009.00 Feb/15 4657.10 6009.00 -907.60 EUR Million [+]
Russia 13600.00 Mar/15 13597.00 20356.00 -185.00 USD Million [+]
South Korea 8380.51 Mar/15 7706.30 8380.51 -4043.45 USD Million [+]
Spain -2037200.00 Feb/15 -2596200.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 2525.00 Mar/15 2316.16 3894.91 -1478.68 CHF million [+]
Turkey -4655.64 Feb/15 -4320.27 24.51 -10453.06 USD Million [+]
United Kingdom -2859.00 Feb/15 -1536.00 2946.00 -5397.00 GBP Million [+]
United States -35444.00 Feb/15 -42676.00 1946.00 -67823.00 USD Million [+]