Nigeria Balance of Trade  1981-2017 | Data | Chart | Calendar | Forecast

Exports from Nigeria rose sharply by 72.2 percent year-on-year to NGN 985816.9 million in December of 2016. Considering the fourth quarter of 2016, exports jumped 53.5 percent year-on-year to NGN 2978.9 billion mainly due to sales of crude oil and manufactured goods. Main export partners were India (16 percent of total exports), Netherlands (11.2 percent), the US (10.7 percent) and Spain (9.6 percent). Balance of Trade in Nigeria averaged 194551.09 NGN Millions from 1981 until 2016, 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.

Nigeria Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-08 03:40 PM Oct NGN 96B NGN -27.2B
2017-03-08 03:40 PM Nov NGN 348.3B NGN 96B
2017-03-08 03:40 PM Dec NGN 227B NGN 348.3B
2017-06-14 12:00 PM Mar
2017-06-14 12:00 PM Feb
2017-06-14 12:00 PM Jan NGN 227B




Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade 227044.30 348299.50 2177553.08 -592200.72 NGN Millions [+]
Exports 985816.90 1062854.30 2648881.76 322.93 NGN Millions [+]
Imports 758772.70 714554.80 1554732.90 167.88 NGN Millions [+]
Current Account -404.65 1432.44 9455.37 -5695.27 USD Million [+]
Current Account to GDP -3.80 0.20 32.80 -18.70 percent [+]
Terms of Trade 81.05 81.90 160.25 49.48 Index Points [+]
Foreign Direct Investment 673.95 887.32 3084.90 501.83 USD Million [+]
Capital Flows 5330.35 7092.36 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.37 21.37 21.37 21.37 Tonnes [+]
Crude Oil Production 1604.00 1370.00 2475.00 675.00 BBL/D/1K [+]
Terrorism Index 9.31 9.21 9.31 3.86 [+]
External Debt 11406.28 11261.89 11406.28 3627.50 USD Million [+]



Nigeria Balance of Trade Notes

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. Nigeria Balance of Trade - actual data, historical chart and calendar of releases - was last updated on March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
227044.30 348299.50 2177553.08 -592200.72 1981 - 2016 NGN Millions Monthly



Last
Afghanistan -7159.00 Dec/15
Albania -23780.30 Feb/17
Algeria -1308.00 Dec/15
Angola 4470.03 Jun/16
Argentina -106.00 Jan/17
Armenia -115.20 Feb/17
Aruba -465.10 Sep/16
Australia 1302.00 Jan/17
Austria -639.00 Dec/16
Azerbaijan 981353.00 Sep/16
Bahamas -557.30 Dec/16
Bahrain 312.40 Dec/15
Bangladesh -90.80 Dec/16
Barbados -213020.00 Nov/16
Belarus -493.30 Dec/16
Belgium 208.30 Jan/17
Belize -106.50 Jan/17
Benin -379.80 Dec/16
Bhutan -35828.70 Dec/16
Bolivia -265.44 Dec/16
Bosnia and Herzegovina -631299.06 Feb/17
Botswana -24.00 Dec/16
Brazil 4560.00 Feb/17
Brunei 369.10 Jan/17
Bulgaria -271.70 Jan/17
Burkina Faso -86.40 Mar/16
Burundi -80745.50 Nov/16
Cambodia -994.90 Nov/16
Cameroon -1189.42 Dec/14
Canada 806.90 Jan/17
Cape Verde -6193.00 Jan/17
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 236.10 Feb/17
China -91.50 Feb/17
Colombia -0.92 Jan/17
Comoros -73203.00 Dec/16
Congo 1001.80 Dec/14
Costa Rica -368.50 Feb/17
Croatia -3332.68 Jan/17
Cuba -9578.00 Dec/15
Cyprus -317903.00 Jan/17
Czech Republic 48458.00 Jan/17
Denmark 4999.40 Jan/17
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -9404.27 Dec/16
Ecuador -4135.00 Jan/17
Egypt -2334.00 Jan/17
El Salvador -412.80 Jan/17
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -430.33 Jan/17
Ethiopia -3565.10 Sep/16
Euro Area -593.40 Jan/17
European Union -16240.40 Jan/17
Fiji -204403.00 Sep/16
Finland -455.00 Jan/17
France -7940.00 Jan/17
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -411.80 Feb/17
Germany 14800.00 Jan/17
Ghana -452.40 Sep/16
Greece -2336.70 Jan/17
Guatemala -541.00 Jan/17
Guinea 32.97 Sep/16
Guinea Bissau 8.20 Dec/15
Guyana -133.90 Sep/16
Haiti -236.40 Sep/16
Honduras -452.80 Dec/16
Hong Kong -12345.00 Jan/17
Hungary 203000.00 Jan/17
Iceland -10900.00 Feb/17
India -8896.30 Feb/17
Indonesia 1318.90 Feb/17
Iran 4127.00 Sep/16
Iraq 4397.00 Dec/15
Ireland 5745100.00 Jan/17
Israel -702.90 Feb/17
Italy -573.67 Jan/17
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan 813.40 Feb/17
Jordan -709700.00 Jan/17
Kazakhstan 1289.20 Jan/17
Kenya -76470.00 Dec/16
Kosovo -174189.00 Feb/17
Kuwait 1693.00 Dec/16
Kyrgyzstan -114.40 Dec/16
Laos -339.15 Jun/16
Latvia -175.40 Jan/17
Lebanon -1372.78 Jan/17
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 343493.00 Dec/16
Lithuania -214.10 Jan/17
Luxembourg -0.37 Dec/16
Macau -5586600.00 Jan/17
Macedonia -119844.00 Jan/17
Madagascar 20810.00 Dec/16
Malawi -53950.00 Mar/16
Malaysia 4711.86 Jan/17
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
Malta -366567.00 Jan/17
Mauritania -79.64 Mar/16
Mauritius -8644.00 Jan/17
Mexico -3294.00 Jan/17
Moldova -127.30 Jan/17
Monaco -165.20 Sep/16
Mongolia 183.00 Feb/17
Montenegro -70238.00 Jan/17
Morocco -16689.00 Dec/16
Mozambique -434.30 Sep/16
Myanmar -303.20 May/16
Namibia -6654.37 Sep/16
Nepal -80884.00 Jun/16
Netherlands 4582.00 Jan/17
New Caledonia -7307.00 Oct/16
New Zealand -18.29 Feb/17
Nicaragua -268.30 Dec/16
Niger -108402.00 Sep/16
Nigeria 227044.30 Dec/16
North Korea -476.67 Dec/15
Norway 23539.00 Feb/17
Oman 205.90 Nov/16
Pakistan -293929.00 Feb/17
Palestine -343.00 Jan/17
Panama -894143.61 Jan/17
Papua New Guinea 4593.00 Sep/16
Paraguay 100105.00 Feb/17
Peru 150.00 Jan/17
Philippines -2313784.93 Jan/17
Poland 225.00 Jan/17
Portugal -940.50 Jan/17
Puerto Rico 2830.80 Dec/16
Qatar 10981.00 Jan/17
Republic of the Congo 4092.35 Dec/10
Romania -602.20 Jan/17
Russia 11445.00 Jan/17
Rwanda -116.57 Nov/16
Sao Tome and Principe -27.04 Dec/16
Saudi Arabia 73133.00 Sep/16
Senegal -149.50 Jan/17
Serbia -319.10 Jan/17
Seychelles -39.60 Jan/17
Sierra Leone -52.89 Jun/16
Singapore 7752.90 Feb/17
Slovakia 152.00 Jan/17
Slovenia 45.30 Jan/17
Somalia -1473.48 Dec/15
South Africa -10811.59 Jan/17
South Korea 7220.00 Feb/17
South Sudan -104.70 Dec/15
Spain -3134000.00 Jan/17
Sri Lanka -910.00 Jan/17
Sudan -477522.00 Dec/16
Suriname 154.40 Dec/16
Swaziland -320.72 Jun/16
Sweden 1500.00 Jan/17
Switzerland 3105.00 Feb/17
Syria 9394.50 Dec/10
Taiwan 3360.00 Feb/17
Tajikistan -117.70 Jan/17
Tanzania -26.00 Nov/16
Thailand 1610.00 Feb/17
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia 1288.80 Feb/17
Turkey -4308.50 Jan/17
Turkmenistan 2181.97 Dec/15
Uganda -192.30 Jan/17
Ukraine -86.70 Jan/17
United Arab Emirates 328300.00 Dec/15
United Kingdom -1966.00 Jan/17
United States -48492.00 Jan/17
Uruguay -36256.00 Jan/17
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -2000.00 Feb/17
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -241.27 Aug/16