Nigeria Balance of Trade 1981-2015 | Data | Chart | Calendar | Forecast

Nigeria recorded a trade surplus of 463500.20 NGN Millions in June of 2015. Balance of Trade in Nigeria averaged 202329.64 NGN Millions from 1981 until 2015, 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. Balance of Trade in Nigeria is reported by the National Bureau of Statistics, Nigeria.

Nigeria Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
463500.20 410598.90 2177553.08 -592200.72 1981 - 2015 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 Tuesday, September 1, 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 463500.20 410598.90 2177553.08 -592200.72 NGN Millions [+]
Exports 1028194.30 875690.50 2648881.76 322.93 NGN Millions [+]
Imports 564694.20 465091.70 1554732.90 167.88 NGN Millions [+]
Current Account 3607.08 -3978.22 9455.37 -4410.00 USD Million [+]
Current Account to GDP 2.60 3.90 37.90 -18.70 percent [+]
Terms of Trade 104.41 107.05 160.25 49.48 Index Points [+]
Foreign Direct Investment 723.49 1030.06 3084.90 667.88 USD Million [+]
Gold Reserves 21.37 21.37 21.37 21.37 Tonnes [+]
Crude Oil Production 2220.00 2520.00 2695.00 675.00 BBL/D/1K [+]
Capital Flows -1.18 8.45 20.30 -15.44 USD Billion [+]
External Debt 10316.82 9464.11 10316.82 3627.50 USD Million [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2933.00 Jun/15 -2677.00 2254.00 -4156.00 AUD Million [+]
Brazil 2379.00 Jul/15 4527.00 5659.37 -4058.14 USD Million [+]
Canada -476.00 Jun/15 -2992.00 8524.80 -3853.00 CAD Million [+]
China 430.25 Jul/15 465.36 606.19 -319.71 USD Hundred Million [+]
Euro Area 26368.70 Jun/15 18800.00 26368.70 -16748.10 EUR Million [+]
France -2658.00 Jun/15 -3999.00 2674.00 -7086.00 EUR Million [+]
Germany 24038.00 Jun/15 19522.00 24038.00 -535.91 EUR Million [+]
India -12812.46 Jul/15 -10830.00 258.90 -20210.90 USD Million [+]
Indonesia 1330.00 Jul/15 528.00 4641.92 -2329.13 USD Million [+]
Italy 2808.95 Jun/15 4140.00 6923.00 -6389.30 EUR Million [+]
Japan -268.06 Jul/15 -69.00 1608.67 -2795.04 JPY Billion [+]
Mexico -2267.00 Jul/15 -749.00 1710.25 -3292.30 USD Million [+]
Netherlands 4760.00 Jun/15 3280.00 6211.40 -907.60 EUR Million [+]
Russia 11228.00 Jul/15 13775.00 20356.00 -185.00 USD Million [+]
South Korea 4350.00 Aug/15 7723.00 9980.00 -4043.45 USD Million [+]
Spain -2046007.00 Jun/15 -1657308.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3741.00 Jul/15 3509.00 3894.91 -1478.68 CHF million [+]
Turkey -7027.59 Jul/15 -6205.89 24.51 -10453.06 USD Million [+]
United Kingdom -1601.00 Jun/15 -885.00 2946.00 -5397.00 GBP Million [+]
United States -43840.00 Jun/15 -40940.00 1946.00 -67823.00 USD Million [+]