Oil Exports in Nigeria increased to 879822.08 NGN Million in December from 812454.21 NGN Million in November of 2020. source: National Bureau of Statistics, Nigeria

Oil Exports in Nigeria averaged 906927.48 NGN Million from 2008 until 2020, reaching an all time high of 2033861.20 NGN Million in September of 2011 and a record low of 46192 NGN Million in February of 2009. This page provides - Nigeria Oil Exports- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Oil Exports - values, historical data and charts - was last updated on May of 2021.

Oil Exports in Nigeria is expected to be 770000.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Oil Exports in Nigeria to stand at 860000.00 in 12 months time. In the long-term, the Nigeria Oil Exports is projected to trend around 870000.00 NGN Million in 2022 and 850000.00 NGN Million in 2023, according to our econometric models.

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Nigeria Oil Exports

Actual Previous Highest Lowest Dates Unit Frequency
879822.08 812454.21 2033861.20 46192.00 2008 - 2020 NGN Million Monthly
Current Prices, NSA

Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade -588676.84 -1372173.74 2177553.08 -1372173.74 NGN Millions [+]
Current Account -3337.91 -3232.28 10383.67 -6953.30 USD Million [+]
Current Account to GDP -3.60 0.90 32.80 -18.70 percent [+]
Imports 1759720.29 2397223.91 2518686.57 167.88 NGN Millions [+]
Exports 1171043.45 1025050.17 2648881.76 322.93 NGN Millions [+]
Terms of Trade 100.04 100.17 160.25 49.48 points [+]
Foreign Direct Investment 438.70 775.20 3084.90 63.50 USD Million [+]
Capital Flows 2663.65 4146.35 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.46 21.37 21.46 21.37 Tonnes [+]
Crude Oil Production 1429.00 1424.00 2475.00 675.00 BBL/D/1K [+]
External Debt 33348.08 31985.17 37267.68 3287.73 USD Million [+]
Remittances 3871.28 3373.09 6270.24 3373.09 USD Million [+]
Non Oil Exports 291221.37 212595.96 1450442.90 29675.90 NGN Million [+]
Oil Exports 879822.08 812454.21 2033861.20 46192.00 NGN Million [+]
Terrorism Index 8.31 8.60 9.31 3.86 [+]