Nigeria Imports

Imports to Nigeria rose 2.6% year-on-year to NGN 1002 billion in March 2019, boosted by purchases of energy goods (796.3%); manufactured goods (101.3%); solid mineral (70.8%); raw material (46.9%) and agricultural goods (61.3%). Imports in Nigeria averaged 227104.84 NGN Millions from 1981 until 2019, 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	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	3.70	2.00	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	1948.00	1802.00	2475.00	675.00	BBL/D/1K	[+]
External Debt	25609.63	21591.68	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 August of 2019.