Nigeria Trade Balance

2003 - 2025 | Monthly | USD mn | CEIC Data

Key information about Nigeria's Trade Balance

  • Nigeria's Trade Balance recorded a surplus of 245.1 USD mn in Dec 2025, compared with a surplus of 633.8 USD mn in the previous month
  • Nigeria's Trade Balance data is updated monthly, available from Jan 2003 to Dec 2025, with an averaged value of 6.5 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 provides Trade Balance in local currency. The Central Bank of Nigeria average market exchange rate is used for currency conversions.

Further information about Nigeria's Trade Balance

  • In the latest reports, Nigeria's Total Exports reached 4.4 USD bn in Dec 2025, a decrease of 9.9% YoY (year-on-year)
  • Total Imports recorded 2.6 USD bn in Jun 2025, an increase of 9.9% YoY (year-on-year)

View Nigeria's Trade Balance from Jan 2003 to Dec 2025 in the chart:

Nigeria Trade Balance

What was Nigeria's Trade Balance in Dec 2025?

Nigeria's Trade Balance recorded a surplus of 245.1 USD mn in Dec 2025, compared with a surplus of 633.8 USD mn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
245.1 Dec 2025 633.8 Nov 2025 -3,934.8 Mar 2011 14,402.0 Oct 2011 USD mn monthly Jan 2003 - Dec 2025

Trade Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) -455.2 Feb 2026 monthly Oct 1998 - Feb 2026
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) 958.9 Feb 2026 monthly Jan 1991 - Feb 2026
Armenia (USD mn) -347.9 Jan 2026 monthly Nov 1995 - Jan 2026
Australia (USD mn) 1,787.0 Jan 2026 monthly Jul 1971 - Jan 2026
Austria (USD mn) -1,523.6 Dec 2025 monthly Jan 1957 - Dec 2025
Azerbaijan (USD mn) 132.1 Feb 2026 monthly Jan 2000 - Feb 2026
Bahrain (USD mn) 3,083.0 2025 yearly 1966 - 2025
Bangladesh (USD mn) -2,321.1 Dec 2025 monthly Jul 1986 - Dec 2025
Belarus (USD mn) -442.8 Dec 2025 monthly Jan 2000 - Dec 2025
Belgium (USD mn) 3.9 Jan 2026 monthly Jan 1993 - Jan 2026
Bolivia (USD mn) 374.4 Jan 2026 monthly Oct 1994 - Jan 2026
Bosnia and Herzegovina (USD mn) -612.8 Jan 2026 monthly Jan 2000 - Jan 2026
Botswana (USD mn) -133.7 Dec 2025 monthly Jan 2001 - Dec 2025
Brazil (USD mn) 4,207.9 Feb 2026 monthly Jan 1959 - Feb 2026
Brunei (USD mn) 106.0 Dec 2025 monthly Jan 2010 - Dec 2025
Bulgaria (USD mn) -1,228.4 Jan 2026 monthly Jan 2000 - Jan 2026
Cambodia (USD mn) -316.1 Dec 2025 monthly Jan 2010 - Dec 2025
Canada (USD mn) -948.0 Dec 2025 monthly Jan 1988 - Dec 2025
Chile (USD mn) 2,784.8 Feb 2026 monthly Jan 1968 - Feb 2026
China (USD mn) 90,977.5 Feb 2026 monthly Jan 1992 - Feb 2026
Colombia (USD mn) -1,650.3 Jan 2026 monthly Jan 1958 - Jan 2026
Croatia (USD mn) -1,606.8 Dec 2025 monthly Jan 1993 - Dec 2025
Cyprus (USD mn) -559.7 Jan 2026 monthly Jan 1957 - Jan 2026
Czech Republic (USD mn) 2,524.9 Jan 2026 monthly Jan 1996 - Jan 2026
Denmark (USD mn) 4,219.6 Jan 2026 monthly Jan 1997 - Jan 2026
Ecuador (USD mn) 630.2 Jan 2026 monthly Mar 1992 - Jan 2026
Egypt (USD mn) -4,843.0 Jan 2026 monthly Jan 1957 - Jan 2026
Estonia (USD mn) -290.6 Jan 2026 monthly Jan 1993 - Jan 2026
European Union (USD mn) 12,087.5 Jan 2026 monthly Jan 2002 - Jan 2026
Finland (USD mn) -645.9 Jan 2026 monthly Jan 1992 - Jan 2026
France (USD mn) -2,164.4 Jan 2026 monthly Jan 2000 - Jan 2026
Georgia (USD mn) -790.6 Feb 2026 monthly Jan 1995 - Feb 2026
Germany (USD mn) 24,932.5 Jan 2026 monthly Jan 1957 - Jan 2026
Ghana (USD mn) 3,890.0 Dec 2025 monthly Mar 2005 - Dec 2025
Greece (USD mn) -3,298.1 Jan 2026 monthly Jan 2002 - Jan 2026
Hong Kong SAR, China (USD mn) -1,807.8 Jan 2026 monthly Jan 1957 - Jan 2026
Hungary (USD mn) 342.6 Jan 2026 monthly Jan 1976 - Jan 2026
Iceland (USD mn) 33.6 Jan 2026 monthly Jan 1957 - Jan 2026
India (USD mn) -27,100.0 Feb 2026 monthly Jan 1957 - Feb 2026
Indonesia (USD mn) 954.3 Jan 2026 monthly Jan 1967 - Jan 2026
Iran (USD mn) 43,239.0 2024 yearly 1948 - 2024
Ireland (USD mn) 4,987.0 Jan 2026 monthly Jan 1970 - Jan 2026
Israel (USD mn) -4,353.6 Feb 2026 monthly Jan 1988 - Feb 2026
Italy (USD mn) 6,778.6 Jan 2026 monthly Jan 1993 - Jan 2026
Ivory Coast (USD mn) 747.0 Nov 2025 monthly Jan 1981 - Nov 2025
Japan (USD mn) -2,412.9 Feb 2026 monthly Apr 1995 - Feb 2026
Jordan (USD mn) -785.6 Dec 2025 monthly Jan 1972 - Dec 2025
Kazakhstan (USD mn) 1,642.2 Jan 2026 monthly Sep 1995 - Jan 2026
Kenya (USD mn) -1,147.5 Jan 2026 monthly Oct 1992 - Jan 2026
South Korea (USD mn) 15,375.8 Feb 2026 monthly Jan 1966 - Feb 2026
Kosovo (USD mn) -429.7 Jan 2026 monthly Jan 2003 - Jan 2026
Kuwait (USD mn) 2,731.1 Sep 2025 monthly Jan 1993 - Sep 2025
Kyrgyzstan (USD mn) -799.3 Jan 2026 monthly Jan 2002 - Jan 2026
Laos (USD mn) 330.6 Dec 2025 quarterly Dec 1992 - Dec 2025
Latvia (USD mn) 19,787.2 Jan 2026 monthly Jan 1995 - Jan 2026
Lebanon (USD mn) -1,356.8 Jan 2026 monthly Jan 1993 - Jan 2026
Lithuania (USD mn) -603.8 Jan 2026 monthly Jan 1999 - Jan 2026
Luxembourg (USD mn) -862.8 Dec 2025 monthly Jan 1988 - Dec 2025
Macau SAR, China (USD mn) -1,458.0 Jan 2026 monthly Jan 1998 - Jan 2026
North Macedonia (USD mn) -309.0 Jan 2026 monthly Dec 1993 - Jan 2026
Malawi (USD mn) -238.9 Nov 2025 monthly Jan 1964 - Nov 2025
Malaysia (USD mn) 7,341.9 Jan 2026 monthly Jan 1990 - Jan 2026
Malta (USD mn) -184.7 Jan 2026 monthly Jan 1960 - Jan 2026
Mauritius (USD mn) -434.0 Dec 2025 monthly Jan 2006 - Dec 2025
Mexico (USD mn) -861.0 Dec 2025 monthly Jan 1993 - Dec 2025
Moldova (USD mn) -512.9 Jan 2026 monthly Jan 1992 - Jan 2026
Mongolia (USD mn) 553.0 Feb 2026 monthly Jan 1997 - Feb 2026
Montenegro (USD mn) -319.9 Nov 2025 monthly Jan 2005 - Nov 2025
Morocco (USD mn) -2,784.9 Jan 2026 monthly Jan 1957 - Jan 2026
Mozambique (USD mn) -217.9 Dec 2025 monthly Jan 2011 - Dec 2025
Myanmar (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
Nepal (USD mn) -441.3 Feb 2026 monthly Aug 1974 - Feb 2026
Netherlands (USD mn) 9,469.2 Jan 2026 monthly Jan 1996 - Jan 2026
New Zealand (USD mn) -154.7 Feb 2026 monthly Jan 1960 - Feb 2026
Nigeria (USD mn) 245.1 Dec 2025 monthly Jan 2003 - Dec 2025
Norway (USD mn) 4,674.4 Feb 2026 monthly Jan 1957 - Feb 2026
Oman (USD mn) 665.8 Jan 2026 monthly Jan 1975 - Jan 2026
Pakistan (USD mn) -2,757.1 Jan 2026 monthly Jan 1968 - Jan 2026
Palestinian Territory (USD mn) -500.8 Dec 2025 monthly Jan 2011 - Dec 2025
Panama (USD mn) -988.3 Jan 2026 monthly Jan 1964 - Jan 2026
Paraguay (USD mn) 115.2 Feb 2026 monthly Jan 1994 - Feb 2026
Peru (USD mn) 4,622.2 Jan 2026 monthly Jan 1985 - Jan 2026
Philippines (USD mn) -4,048.1 Jan 2026 monthly Jan 1957 - Jan 2026
Poland (USD mn) -1,947.4 Dec 2025 monthly Jan 1986 - Dec 2025
Portugal (USD mn) -2,947.3 Jan 2026 monthly Jan 1957 - Jan 2026
Qatar (USD mn) 3,327.2 Jan 2026 monthly Jan 2014 - Jan 2026
Romania (USD mn) -2,731.1 Jan 2026 monthly Aug 1990 - Jan 2026
Russia (USD mn) 7,739.8 Jan 2026 monthly Jan 1998 - Jan 2026
Saudi Arabia (USD mn) 56,640.9 2025 yearly 1957 - 2025
Serbia (USD mn) -199.4 Jan 2026 monthly Jan 2001 - Jan 2026
Singapore (USD mn) 3,583.7 Feb 2026 monthly Jan 1976 - Feb 2026
Slovakia (USD mn) -38.8 Jan 2026 monthly Jan 2004 - Jan 2026
Slovenia (USD mn) -1,350.3 Jan 2026 monthly Nov 1991 - Jan 2026
South Africa (USD mn) 572.7 Jan 2026 monthly Oct 2004 - Jan 2026
Spain (USD mn) -6,310.7 Dec 2025 monthly Jan 1976 - Dec 2025
Sri Lanka (USD mn) -997.2 Dec 2025 monthly Jan 1982 - Dec 2025
Sudan (USD mn) -374.2 Dec 2025 monthly Jan 2003 - Dec 2025
Sweden (USD mn) 693.1 Jan 2026 monthly Jan 1957 - Jan 2026
Switzerland (USD mn) 2,482.5 Feb 2026 monthly Jan 1957 - Feb 2026

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Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.0 Dec 2024 quarterly Dec 2010 - Dec 2024
Consolidated Fiscal Balance (USD mn) -1,902.660 Dec 2024 quarterly Mar 2005 - Dec 2024
National Government Debt (USD mn) 101,223.7 Sep 2025 quarterly Dec 2006 - Sep 2025
Government Debt: % of GDP (%) 36.2 Sep 2025 quarterly Dec 2010 - Sep 2025
Forecast: Government Expenditure (NGN bn) 109,186.865 2030 yearly 1990 - 2030
Forecast: Government Net Debt (NGN bn) 295,803.687 2030 yearly 1990 - 2030
Forecast: Government Revenue (NGN bn) 80,747.215 2030 yearly 1990 - 2030
Federal Govt Balance (NGN bn) -3,084.970 Dec 2024 quarterly Mar 2005 - Dec 2024
Gross Federation Account Revenue (NGN bn) 11,925.570 Sep 2025 quarterly Mar 2005 - Sep 2025
Federal Govt Expenditure: Recurrent (NGN bn) 4,210.940 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Revenue (NGN bn) 2,519.820 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Expenditure (NGN bn) 5,604.790 Dec 2024 quarterly Mar 2005 - Dec 2024
Gross Federation Account Revenue: Oil (NGN bn) 3,518.110 Sep 2025 quarterly Mar 2005 - Sep 2025
Federal Govt Expenditure: Capital (NGN bn) 958.160 Dec 2024 quarterly Mar 2005 - Dec 2024
Government Debt: Domestic (NGN bn) 69,219.806 Sep 2024 quarterly Dec 2005 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 245.1 Dec 2025 monthly Jan 2003 - Dec 2025
Total Exports (USD mn) 4,367.5 Dec 2025 monthly Jan 2003 - Dec 2025
Total Exports Growth (%) -9.2 Dec 2025 monthly Jan 2004 - Dec 2025
Aluminum: Exports (USD th) 242,851.843 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 2,102.688 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 578.589 2024 yearly 1995 - 2024
Total Imports (USD mn) 2,644.8 Jun 2025 monthly Jan 2003 - Jun 2025
Total Imports Growth (%) 9.9 Dec 2025 monthly Jan 2004 - Dec 2025
Imports: Medicament (USD th) 605,905.663 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 335,165.261 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 162.467 Dec 2025 monthly Jan 2003 - Dec 2025
Total Imports from USA (USD mn) 309.728 Dec 2025 monthly Dec 2009 - Dec 2025
Total Exports to China (USD mn) 157.315 Dec 2025 monthly Jan 2007 - Dec 2025
Total Imports from China (USD mn) 1,415.075 Dec 2025 monthly Jan 2007 - Dec 2025
Exports: Mineral Products (NGN mn) 73,459,088.314 2025 yearly 2003 - 2025
Exports: Vegetable Products (NGN mn) 1,539,822.759 2025 yearly 2003 - 2025
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 244,171.194 2025 yearly 2003 - 2025
Exports: Europe: ow Netherlands (NGN mn) 663,947.498 Dec 2025 monthly Jan 2003 - Dec 2025
Exports: America: ow USA (NGN mn) 235,634.548 Dec 2025 monthly Jan 2003 - Dec 2025
Exports: Europe: ow UK (NGN mn) 47,516.769 Dec 2025 monthly Jan 2003 - Dec 2025
Exports (NGN mn) 6,334,358.836 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,191,103.588 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Chemicals and Chemical Products (NGN mn) 999,721.947 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Machinery and Transport Equipment (NGN mn) 1,929,321.105 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Food and Live Animals (NGN mn) 850,483.714 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Manufactured Goods (NGN mn) 621,984.130 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Europe: ow Netherlands (NGN mn) 446,202.327 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Europe: ow Germany (NGN mn) 145,581.678 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Asia: ow China (NGN mn) 2,052,359.077 Dec 2025 monthly Jan 2007 - Dec 2025
Imports: Europe: ow UK (NGN mn) 302,058.111 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: America: ow USA (NGN mn) 449,215.349 Dec 2025 monthly Jan 2003 - Dec 2025
Imports (NGN mn) 5,978,855.607 Dec 2025 monthly Jan 2003 - Dec 2025
Exports: Crude Oil (NGN mn) 3,256,138.155 Dec 2025 monthly Jan 2003 - Dec 2025
Total Trade (NGN mn) 12,313,214.443 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Growth Rate: MoM (%) 14.404 Dec 2025 monthly Jan 2019 - Dec 2025
Exports: Growth Rate: MoM (%) 3.151 Dec 2025 monthly Jan 2019 - Dec 2025
Export Value Index (2015=100) 93.461 2021 yearly 1980 - 2021
Import Value Index (2015=100) 116.198 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -164.4 Sep 2025 quarterly Mar 2008 - Sep 2025
Current Account Balance (USD mn) 3,416.4 Sep 2025 quarterly Mar 2014 - Sep 2025
Current Account Balance: % of GDP (%) 4.4 Sep 2025 quarterly Mar 2014 - Sep 2025
Foreign Direct Investment (USD mn) 718.4 Sep 2025 quarterly Mar 2014 - Sep 2025
Foreign Direct Investment: % of GDP (%) 1.0 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment (USD mn) 2,512.415 Sep 2025 quarterly Mar 2008 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 3.4 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 402.5 Sep 2025 quarterly Mar 2008 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 2,109.957 Sep 2025 quarterly Mar 2008 - Sep 2025
External Debt (USD mn) 48,462.9 Sep 2025 quarterly Dec 2006 - Sep 2025
External Debt: % of GDP (%) 11.9 2024 yearly 1985 - 2024
External Debt: Short Term (USD mn) 1,513.7 2022 yearly 2008 - 2022
External Debt: Short Term: % of GDP (%) 0.2 2022 yearly 2008 - 2022
Forecast: Current Account Balance (USD bn) 5.732 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -68,546.495 2024 yearly 2005 - 2024
External Debt: Government (USD mn) 48,462.930 Sep 2025 quarterly Dec 2006 - Sep 2025
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government: International Capital Market (USD mn) 15,118.350 Sep 2024 quarterly Mar 2011 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 30,541.947 Jan 2026 monthly Apr 1990 - Jan 2026
Money Supply M2 (USD mn) 88,997.123 Jan 2026 monthly Apr 1990 - Jan 2026
M2 Growth (%) 11.0 Jan 2026 monthly Apr 1991 - Jan 2026
Reserve Requirement Ratio (%) 45.0 Jan 2026 monthly Nov 2005 - Jan 2026
Foreign Exchange Reserves (USD mn) 42,772.1 Sep 2025 monthly Jan 1960 - Sep 2025
Foreign Exchange Reserves: % of GDP (%) 16.154 Sep 2025 quarterly Dec 2010 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 12.7 Sep 2025 monthly Jan 2003 - Sep 2025
Gold Reserves (USD mn) 2,660.953 Sep 2025 monthly Dec 1950 - Sep 2025
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 78,949.7 Jan 2026 monthly Apr 1990 - Jan 2026
Domestic Credit Growth (%) 6.9 Jan 2026 monthly Apr 1991 - Jan 2026
Private Debt: % of Nominal GDP (%) 15.41 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 81,021,983.730 Jan 2026 monthly Apr 1990 - Jan 2026
Monetary Survey: Liabilities: M2 (NGN mn) 123,354,746.700 Jan 2026 monthly Apr 1990 - Jan 2026
Monetary Survey: Liabilities: M2: M1 (NGN mn) 42,332,762.940 Jan 2026 monthly Apr 1990 - Jan 2026
Monetary Survey: Liabilities: Base Money (NGN mn) 35,990,427.220 Jan 2026 monthly Apr 1990 - Jan 2026
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 5.760 Jun 2025 semiannually Dec 2003 - Jun 2025
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 13.6 Feb 2026 monthly Jul 2015 - Feb 2026

More Indicators for Nigeria

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