Nigeria Exports  1981-2017 | Data | Chart | Calendar | Forecast | News

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 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). Exports in Nigeria averaged 374664.72 NGN Millions from 1981 until 2016, reaching an all time high of 2648881.76 NGN Millions in December of 2011 and a record low of 322.93 NGN Millions in February of 1983.

Nigeria Exports
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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 Exports 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, 43% of total sales went to Europe; 29% to Asia; 13% to America and 12% to Africa. This page provides - Nigeria Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Exports - actual data, historical chart and calendar of releases - was last updated on March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
985816.90 1062854.30 2648881.76 322.93 1981 - 2016 NGN Millions Monthly