Nigeria Imports  1981-2016 | Data | Chart | Calendar | Forecast | News

Imports to Nigeria increased 60.4 percent year-on-year to NGN 774998 million in September of 2016, the biggest rise since July of 2013 as a weaker currency lifted import prices. Considering the third quarter of the year, imports rose 42.9 percent to NGN 2413 billion as purchases of mineral products which account for around 31 percent of total imports jumped 188 percent; boilers machinery and appliances (19.7 of total imports) rose 17.2 percent and chemicals (9.1 percent of total imports) increased 52 percent. Main import partners were China, Belgium, Netherlands and the USA. Imports in Nigeria averaged 175637.99 NGN Millions from 1981 until 2016, reaching an all time high of 1554732.90 NGN Millions in March of 2011 and a record low of 167.88 NGN Millions in May of 1984.

Nigeria Imports
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Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade -27238.30 -32445.40 2177553.08 -592200.72 NGN Millions [+]
Exports 747759.80 858374.70 2648881.76 322.93 NGN Millions [+]
Imports 774998.20 890820.10 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 77.72 80.99 160.25 49.48 Index Points [+]
Foreign Direct Investment 673.95 887.32 3084.90 501.83 USD Million [+]
Capital Flows 7092.36 -8607.39 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.37 21.37 21.37 21.37 Tonnes [+]
Crude Oil Production 1476.00 1253.00 2475.00 675.00 BBL/D/1K [+]
External Debt 11261.89 11194.65 11261.89 3627.50 USD Million [+]
Terrorism Index 9.31 9.21 9.31 3.86 [+]



Nigeria Imports Notes

Nigeria imports mainly: industrial supplies (27% of total in 2014), capital goods (23%), food and beverage (17%), fuel and lubricants (14%), transport equipment and parts (12%) and consumer goods (7%). 43% of total imports come from Asia; 34% from Europe; 15% from America and 7% from Africa. This page provides - Nigeria Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Imports - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
774998.20 890820.10 1554732.90 167.88 1981 - 2016 NGN Millions Monthly



Last Reference Previous Highest
Imports 774998.20  NGN Millions Sep/16 890820.10 1554732.90 [+]
Exports 747759.80  NGN Millions Sep/16 858374.70 2648881.76 [+]