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.

   
 
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Nigeria Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
618689.60 623724.90 2177794.70 -592182.60 2002 - 2013 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.

Trade Last Previous Highest Lowest Unit
Balance of Trade 618689.60 623724.90 2177794.70 -592182.60 Millions Nigerian Naira [+]
Exports 1187329.00 1204079.70 2648920.00 115556.00 Millions Nigerian Naira [+]
Imports 568639.40 580354.90 1554730.00 59635.15 Millions Nigerian Naira [+]
Current Account 5384.89 3651.44 9455.37 -4410.00 USD Million [+]
Current Account to GDP 7.10 10.80 37.90 -18.70 Percent [+]
Terms Of Trade 104.34 119.66 160.25 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 2350.00 2370.00 2695.00 675.00 BBL/D/1K [+]





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