Nigeria Trade Balance

2003 - 2020 | Monthly | USD mn | CEIC Data

Nigeria Trade Balance recorded a deficit of 2.2 USD bn in Sep 2020, compared with a deficit of 2.3 USD bn in the previous month. Nigeria Trade Balance data is updated monthly, available from Jan 2003 to Sep 2020, with an averaged value of 1.9 USD bn. The data reached an all-time high of 14.4 USD bn in Oct 2011 and a record low of -3.9 USD bn in Mar 2011. CEIC converts monthly Trade Balance into USD. The National Bureau of Statistics of the Federal Republic of Nigeria provides Trade Balance in local currency. The Central Bank of Nigeria average market exchange rate is used for currency conversions.

In the latest reports, Nigeria Total Exports reached 2.9 USD bn in Sep 2020, a decrease of 51.7 % year on year. Total Imports recorded 3.4 USD bn in Sep 2020, a decrease of 7.0 % year on year.

View Nigeria's Trade Balance from Jan 2003 to Sep 2020 in the chart:

Nigeria Trade Balance

What was Nigeria's Trade Balance in Sep 2020?

Last Previous Min Max Unit Frequency Range
-2,187.3 Sep 2020 -2,256.4 Aug 2020 -3,934.8 Mar 2011 14,402.0 Oct 2011 USD mn monthly Jan 2003 - Sep 2020

Trade Balance by Country Comparison

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Includes Trade Balance on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (USD mn) -376.8 Dec 2020 monthly Oct 1998 - Dec 2020
Algeria (USD mn) -791.7 Jan 2020 monthly Jan 2000 - Jan 2020
Argentina (USD mn) 141.2 Nov 2020 monthly Jan 1991 - Nov 2020
Armenia (USD mn) -197.4 Nov 2020 monthly Nov 1995 - Nov 2020
Australia (USD mn) 3,651.0 Nov 2020 monthly Jul 1971 - Nov 2020
Austria (USD mn) -377.4 Oct 2020 monthly Jan 1957 - Oct 2020
Azerbaijan (USD mn) -91.6 Nov 2020 monthly Jan 2000 - Nov 2020
Bahrain (USD mn) 856.2 2019 yearly 1966 - 2019
Bangladesh (USD mn) -915.4 Oct 2020 monthly Jul 1986 - Oct 2020
Belarus (USD mn) 309.3 Oct 2020 monthly Jan 2000 - Oct 2020

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Nigeria Key Series

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Includes 268 key indicators for Nigeria, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.2 Mar 2020 quarterly Dec 2010 - Mar 2020
Consolidated Fiscal Balance (USD mn) -4,673.639 Mar 2020 quarterly Mar 2005 - Mar 2020
National Government Debt (USD mn) 73,740.7 Sep 2020 quarterly Dec 2006 - Sep 2020
Government Debt: % of GDP (%) 18.2 Jun 2020 quarterly Dec 2010 - Jun 2020
Forecast: Government Expenditure (NGN bn) 34,920.128 2025 yearly 1990 - 2025
Forecast: Government Net Debt (NGN bn) 109,473.696 2025 yearly 1990 - 2025
Forecast: Government Revenue (NGN bn) 21,509.034 2025 yearly 1990 - 2025
Gross Federation Account Revenue (NGN bn) 2,268.700 Sep 2020 quarterly Mar 2005 - Sep 2020
Federal Govt Balance (NGN bn) -1,289.030 Sep 2020 quarterly Mar 2005 - Sep 2020
Gross Federation Account Revenue: Oil (NGN bn) 953.900 Sep 2020 quarterly Mar 2005 - Sep 2020
Federal Govt Revenue (NGN bn) 842.090 Sep 2020 quarterly Mar 2005 - Sep 2020
Federal Govt Expenditure (NGN bn) 2,131.120 Sep 2020 quarterly Mar 2005 - Sep 2020
Federal Govt Expenditure: Recurrent (NGN bn) 1,650.430 Sep 2020 quarterly Mar 2005 - Sep 2020
Government Debt: Domestic (NGN bn) 15,846.231 Sep 2020 quarterly Dec 2005 - Sep 2020

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