Nigeria Balance of Trade 2002-2014 | Data | Chart | Calendar | Forecast

Nigeria recorded a trade surplus of 537183.15 Millions Nigerian Naira in September of 2014. Balance of Trade in Nigeria averaged 485710.31 Millions Nigerian Naira from 2002 until 2014, 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
537183.15 1537298.79 2177794.70 -592182.60 2002 - 2014 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. Content for - Nigeria Balance of Trade - was last refreshed on Saturday, December 20, 2014.

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 537183.15 1537298.79 2177794.70 -592182.60 Millions Nigerian Naira [+]
Exports 1579906.60 1589360.80 2648916.30 115556.00 Millions Nigerian Naira [+]
Imports 568407.88 678090.39 1554732.90 59635.15 Millions Nigerian Naira [+]
Current Account 1545.34 4591.47 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 2520.00 2470.00 2695.00 675.00 BBL/D/1K [+]
External Debt 9518.95 9377.11 9518.95 3627.50 USD Million [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1323.00 Oct/14 -2235.00 2226.00 -3892.00 AUD Million [+]
Brazil -2350.52 Nov/14 -1177.00 5659.37 -4058.14 USD Million [+]
Canada 100.00 Oct/14 310.00 8524.80 -2902.90 CAD Million [+]
China 544.74 Nov/14 454.05 544.74 -319.71 USD Hundred Million [+]
Euro Area 24000.00 Oct/14 18100.00 24000.00 -16638.00 EUR Million [+]
France -4608.00 Oct/14 -4715.00 2674.00 -7086.00 EUR Million [+]
Germany 21900.00 Oct/14 22100.00 23400.00 -535.91 EUR Million [+]
India -16860.00 Nov/14 -13350.00 258.90 -20210.90 USD Million [+]
Indonesia 20.00 Oct/14 -270.30 4641.92 -2329.13 USD Million [+]
Italy 5397.00 Oct/14 2020.00 6923.00 -6389.30 EUR Million [+]
Japan -891.85 Nov/14 -709.99 1608.67 -2795.04 JPY Billion [+]
Mexico 143.00 Oct/14 590.00 1710.25 -3292.30 USD Million [+]
Netherlands 5195.00 Oct/14 4707.00 5195.00 -907.60 EUR Million [+]
Russia 13595.00 Oct/14 12953.00 20356.00 -185.00 USD Million [+]
South Korea 5606.00 Nov/14 7380.00 7380.00 -4043.45 USD Million [+]
Spain -2373700.00 Sep/14 -2771962.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3868.00 Nov/14 3226.00 3901.00 -1478.68 CHF million [+]
Turkey -6251.72 Oct/14 -6925.00 24.51 -10453.06 USD Million [+]
United Kingdom -2024.00 Oct/14 -2822.00 2946.00 -5397.00 GBP Million [+]
United States -43400.00 Oct/14 -43600.00 1946.00 -67823.00 USD Million [+]