Exports from Nigeria dropped 0.2% year-on-year to NGN 1452 billion in March 2019, amid declines in sales of raw material (-20.5%); solid minerals (-43.1%) and energy goods (-4.8%). In contrast, they grew for agricultural goods (74.5%); crude oil (0.7%) and manufactured goods (353.6%). Exports in Nigeria averaged 432508.24 NGN Millions from 1981 until 2019, 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 450034.62 503798.02 2177553.08 -622103.84 NGN Millions [+]
Current Account -1087.90 1104.57 10383.67 -5695.27 USD Million [+]
Current Account to GDP 2.00 -1.80 32.80 -18.70 percent [+]
Imports 1001962.25 929475.94 2209385.78 167.88 NGN Millions [+]
Exports 1451996.87 1433273.96 2648881.76 322.93 NGN Millions [+]
Terms of Trade 95.10 99.60 160.25 49.48 Index Points [+]
Foreign Direct Investment 1150.51 314.44 3084.90 314.44 USD Million [+]
Capital Flows -4882.78 -2327.91 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.50 21.40 21.50 21.37 Tonnes [+]
Crude Oil Production 1754.00 1713.00 2475.00 675.00 BBL/D/1K [+]
External Debt 21591.68 29591.68 29591.68 3627.50 USD Million [+]
Terrorism Index 8.66 9.01 9.31 3.86 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Nigeria Exports

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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1451996.87 1433273.96 2648881.76 322.93 1981 - 2019 NGN Millions Monthly




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