Terms of Trade in Nigeria increased to 101.15 points in June from 101.05 points in May of 2022. source: National Bureau of Statistics, Nigeria

Terms of Trade in Nigeria averaged 99.52 points from 2000 until 2022, reaching an all time high of 160.25 points in March of 2010 and a record low of 49.48 points in April of 2006. This page provides - Nigeria Terms Of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Terms of Trade - values, historical data and charts - was last updated on December of 2022.

Terms of Trade in Nigeria is expected to be 103.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Terms of Trade is projected to trend around 104.00 points in 2023, according to our econometric models.

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Nigeria Terms of Trade

Related Last Previous Unit Reference
Balance of Trade 402412.40 -67281.70 NGN Millions Sep 2022
Imports 1392483.70 2026462.00 NGN Millions Sep 2022
Exports 1794896.00 1959180.30 NGN Millions Sep 2022
Terms of Trade 101.15 101.05 points Jun 2022
Oil Exports 1984570.42 2180188.34 NGN Million Jun 2022
Non Oil Exports 523614.84 454173.94 NGN Million Jun 2022

Nigeria Terms of Trade
In Nigeria, Terms of Trade (ToT) correspond to the ratio of Price of exportable goods to the Price of importable goods.
Actual Previous Highest Lowest Dates Unit Frequency
101.15 101.05 160.25 49.48 2000 - 2022 points Monthly