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.

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Nigeria Balance of Trade
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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 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. Content for - Nigeria Balance of Trade - was last refreshed on Friday, May 22, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2013-03-08 03:00 PM 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 107.95 95.49 160.25 49.48 Index Points [+]
Foreign Direct Investment 1030.06 1155.15 3084.90 667.88 USD Million [+]
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 [+]
Capital Flows 7.94 1.12 20.30 -15.44 USD Billion [+]
External Debt 9464.11 9711.45 9711.45 3627.50 USD Million [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1322.00 Mar/15 -1609.00 2254.00 -3877.00 AUD Million [+]
Brazil 491.00 Apr/15 458.00 5659.37 -4058.14 USD Million [+]
Canada -3019.00 Mar/15 -2215.00 8524.80 -3019.00 CAD Million [+]
China 341.34 Apr/15 30.81 606.19 -319.71 USD Hundred Million [+]
Euro Area 23400.00 Mar/15 20300.00 24009.80 -16638.00 EUR Million [+]
France -4575.00 Mar/15 -3623.00 2674.00 -7086.00 EUR Million [+]
Germany 23000.00 Mar/15 19515.32 23500.00 -535.91 EUR Million [+]
India -10990.00 Apr/15 -11790.00 258.90 -20210.90 USD Million [+]
Indonesia 454.40 Apr/15 1025.60 4641.92 -2329.13 USD Million [+]
Italy 4060.39 Mar/15 3537.91 6923.00 -6389.30 EUR Million [+]
Japan 229.26 Mar/15 -425.00 1608.67 -2795.04 JPY Billion [+]
Mexico 479.80 Mar/15 558.30 1710.25 -3292.30 USD Million [+]
Netherlands 5401.00 Mar/15 6329.20 6329.20 -907.60 EUR Million [+]
Russia 14981.00 Mar/15 13597.00 20356.00 -185.00 USD Million [+]
South Korea 8488.00 Apr/15 8380.51 8488.00 -4043.45 USD Million [+]
Spain -890600.00 Mar/15 -2037200.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 2525.00 Mar/15 2316.16 3894.91 -1478.68 CHF million [+]
Turkey -6153.67 Mar/15 -4655.64 24.51 -10453.06 USD Million [+]
United Kingdom -2817.00 Mar/15 -3318.00 2946.00 -5397.00 GBP Million [+]
United States -51367.00 Mar/15 -35892.00 1946.00 -67823.00 USD Million [+]