Nigeria Imports

Imports to Nigeria surged 48% year-on-year to NGN 943.6 billion in December 2018, mainly driven by purchases of manufactured goods (88.3%) and raw material (12.5%). The most important import partners were: China (31.5% of total imports), India (8.1%), Germany (4.7%), the UK (3.8%), the Netherlands (2.6%), France (2.2%) and South Africa (1.2%). Considering the full year of 2018, purchases advanced 37.7 percent over a year ago to NGN 13165.1 billion. Imports in Nigeria averaged 220476.77 NGN Millions from 1981 until 2018, reaching an all time high of 2209385.78 NGN Millions in August of 2018 and a record low of 167.88 NGN Millions in May of 1984.

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Nigeria Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	789468.78	400661.49	2177553.08	-622103.84	NGN Millions	[+]
Current Account	1104.57	-1544.41	10383.67	-5695.27	USD Million	[+]
Current Account to GDP	2.00	-1.80	32.80	-18.70	percent	[+]
Imports	943616.31	1259407.56	2209385.78	167.88	NGN Millions	[+]
Exports	1733085.08	1660069.04	2648881.76	322.93	NGN Millions	[+]
Terms of Trade	95.10	99.60	160.25	49.48	Index Points	[+]
Foreign Direct Investment	438.84	435.64	3084.90	435.64	USD Million	[+]
Capital Flows	-2327.91	10724.18	20302.97	-15439.95	USD Million	[+]
Gold Reserves	21.40	21.40	21.40	21.37	Tonnes	[+]
Crude Oil Production	1685.00	1690.00	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 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 April of 2019.