Nigeria Balance of Trade
Nigeria recorded a trade surplus of 618689.60 Millions Nigerian Naira in December of 2013. Balance of Trade in Nigeria averaged 463063.58 Millions Nigerian Naira from 2002 until 2013, 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.
||2002 - 2013
||Millions Nigerian Naira
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.