Imports in Nigeria decreased to 4798255.12 NGN Million in March from 5134191.14 NGN Million in February of 2025. This dataset provides - Nigeria Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Nigeria Total Exports

• Nigeria Total Exports recorded 3.7 USD bn in Sep 2024, compared with 4.6 USD bn in the previous month
• Nigeria Total Exports data is updated monthly, available from Jan 2003 to Sep 2024, with an averaged value of 4.7 USD bn
• The data reached an all-time high of 17.2 USD bn in Oct 2011 and a record low of 790.2 USD mn in Jun 2009

CEIC converts monthly Total Exports into USD. The National Bureau of Statistics provides Total Exports, FOB, in local currency. The Central Bank of Nigeria average market exchange rate is used for currency conversions.


Further information about Nigeria Total Exports

• In the latest reports, Nigeria Total Exports grew 56.4 % YoY in Sep 2024
• Total Imports recorded 3.0 USD bn in Mar 2023, which registered an increase of 62.9 % year on year
• Nigeria Trade Balance recorded a surplus of 1.0 USD bn in Sep 2024

Goods totaling at a value of ***** billion U.S. dollars were exported from Nigeria. This was one of the few years in the past two decades where the value of exports was lower than imports, as Nigeria has generally been a net exporter of goods. The most significant changes in Nigeria's international export values came in 2009, due to the Great Recession; in 2014, due to the drop in international oil prices; and in 2020, due to the Covid pandemic.

Exports in Nigeria decreased to 6791873.72 NGN Million in March from 7014759.69 NGN Million in February of 2025. This dataset provides - Nigeria Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Nigeria imports considerably more than it exports. China is the main importing country, while India represents the main export trade partner. The highest import value derives from mineral fuels, oils, and distillation products. Similarly, crude oil, petrol, and fuel represent Nigeria's main source of export value.

Access Nigeria export and import statistics, uncover valuable trade insights, and connect with reliable import data providers to support your business decisions.

Key information about Nigeria Total Imports Growth

• Nigeria Total Imports grew 62.9 % YoY in Mar 2023, compared with an increase of 52.6 % YoY in the previous month
• Nigeria Total Imports Growth data is updated monthly, available from Jan 2004 to Sep 2024, with an averaged rate of 18.0 %
• The data reached an all-time high of 302.1 % in Jun 2011 and a record low of -69.3 % in Mar 2012

CEIC calculates Total Imports Growth from monthly Total Imports. The National Bureau of Statistics provides Total Imports, CIF, in local currency.


Further information about Nigeria Total Imports Growth

• In the latest reports, Nigeria Total Imports recorded 3.0 USD bn in Mar 2023
• Total Exports reached 3.7 USD bn in Sep 2024, which registered an increase of 56.4 % year on year
• Nigeria Trade Balance recorded a surplus of 1.0 USD bn in Sep 2024

European Union Imports from Nigeria was US$21.87 Billion during 2024, according to the United Nations COMTRADE database on international trade. European Union Imports from Nigeria - data, historical chart and statistics - was last updated on July of 2025.

Techsalerator’s Import/Export Trade Data for Africa

Techsalerator’s Import/Export Trade Data for Africa offers a thorough and detailed examination of trade activities across the African continent. This extensive dataset provides valuable insights into import and export transactions involving companies throughout Africa, covering a wide range of countries and regions.

Coverage Across All African Countries

The dataset includes comprehensive trade data for all African countries, divided into key regions:

North Africa:

Egypt Libya Mauritania Morocco Algeria Sudan Tunisia East Africa: 8. Burundi 9. Comoros 10. Djibouti 11. Eritrea 12. Ethiopia 13. Kenya 14. Madagascar 15. Malawi 16. Mauritius 17. Rwanda 18. Seychelles 19. Somalia 20. Tanzania 21. Uganda

West Africa: 22. Benin 23. Burkina Faso 24. Cape Verde 25. Ivory Coast (Côte d'Ivoire) 26. Gambia 27. Ghana 28. Guinea 29. Guinea-Bissau 30. Liberia 31. Mali 32. Niger 33. Nigeria 34. Senegal 35. Sierra Leone 36. Togo

Central Africa: 37. Angola 38. Cameroon 39. Central African Republic 40. Chad 41. Congo, Democratic Republic of the 42. Congo, Republic of the 43. Equatorial Guinea 44. Gabon 45. São Tomé and Príncipe

Southern Africa: 46. Botswana 47. Eswatini (Swaziland) 48. Lesotho 49. Namibia 50. South Africa 51. Zimbabwe

Comprehensive Data Features

Transaction Details: The dataset includes detailed information on each trade transaction, such as product descriptions, quantities, values, and dates. This allows for precise tracking and analysis of trade patterns and flows across Africa.

Company Information: It provides specific details about the trading companies involved, including company names, locations, and industry sectors, facilitating targeted market research and competitive analysis.

Categorization: Transactions are categorized by industry sectors, product types, and trade partners, offering insights into market dynamics and sector-specific trends within different regions of Africa.

Trade Trends: Users can analyze historical data to observe trade trends, identify emerging markets, and assess the impact of economic, political, or environmental events on trade activities across the continent.

Geographical Insights: The data provides insights into regional trade flows and cross-border dynamics within Africa and with global trade partners, including major international trade relationships.

Regulatory and Compliance Data: Information on trade regulations, tariffs, and compliance requirements is included, helping businesses navigate the complex regulatory environments across various African countries.

Applications and Benefits

Market Research: Businesses can leverage the data to uncover new market opportunities, analyze competitive landscapes, and understand demand for specific products across different African countries and regions.

Strategic Planning: Companies can use insights from the data to develop effective trade strategies, optimize supply chains, and manage risks associated with international trade in Africa.

Economic Analysis: Analysts and policymakers can monitor economic performance, evaluate trade balances, and make informed decisions on trade policies and economic development initiatives.

Investment Decisions: Investors can assess trade trends and market potentials to make informed decisions about investments in Africa’s diverse and rapidly evolving economies.

Techsalerator’s Import/Export Trade Data for Africa provides a crucial resource for organizations involved in international trade, offering a detailed, reliable, and expansive view of trade activities across the African continent.

Key information about Nigeria Total Exports to USA

• Nigeria Total Exports to USA recorded 124.857 USD mn in Sep 2024, compared with 629.193 USD mn in the previous Aug 2024
• Nigeria Total Exports to USA data is updated monthly, available from Jan 2003 to Sep 2024, with an averaged value of 582.839 USD mn
• The data reached an all-time high of 4.168 USD bn in Dec 2011 and a record low of 1.282 USD mn in Sep 2011

CEIC converts monthly Total Exports to USA into USD. The National Bureau of Statistics provides Total Exports to USA, FOB, in local currency. The Central Bank of Nigeria average market exchange rate is used for currency conversions.

Nigeria's total Exports in 2024 were valued at US$52.36 Billion, according to the United Nations COMTRADE database on international trade. Nigeria's main export partners were: Spain, France and the Netherlands. The top three export commodities were: Mineral fuels, oils, distillation products; Cocoa and cocoa preparations and Fertilizers. Total Imports were valued at US$40.97 Billion. In 2024, Nigeria had a trade surplus of US$11.39 Billion.

Key information about Nigeria Total Exports

• Nigeria Total Exports expanded 56.4 % YoY in Sep 2024, compared with an increase of 112.1 % YoY in the previous month
• Nigeria Total Exports Growth data is updated monthly, available from Jan 2004 to Sep 2024, with an averaged rate of 17.8 %
• The data reached an all-time high of 880.9 % in Jun 2010 and a record low of -87.3 % in Jun 2009

CEIC calculates Total Exports Growth from monthly Total Exports. The National Bureau of Statistics provides Total Exports, FOB, in local currency.


Further information about Nigeria Total Exports

• In the latest reports, Nigeria Total Exports recorded 3.7 USD bn in Sep 2024
• Total Imports recorded 3.0 USD bn in Mar 2023, which registered an increase of 62.9 % year on year
• Nigeria Trade Balance recorded a surplus of 1.0 USD bn in Sep 2024

Graph and download economic data for Openness at Current Prices for Nigeria (OPENCPNGA156NUPN) from 1950 to 2010 about Nigeria, imports, exports, and trade.

Nigeria NG: Cost to Exports: USD per Container data was reported at 1,564.000 USD in 2014. This stayed constant from the previous number of 1,564.000 USD for 2013. Nigeria NG: Cost to Exports: USD per Container data is updated yearly, averaging 972.500 USD from Dec 2005 (Median) to 2014, with 10 observations. The data reached an all-time high of 1,564.000 USD in 2014 and a record low of 614.500 USD in 2005. Nigeria NG: Cost to Exports: USD per Container data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Company Statistics. Cost measures the fees levied on a 20-foot container in U.S. dollars. All the fees associated with completing the procedures to export or import the goods are included. These include costs for documents, administrative fees for customs clearance and technical control, customs broker fees, terminal handling charges and inland transport. The cost measure does not include tariffs or trade taxes. Only official costs are recorded. Several assumptions are made for the business surveyed: Has 60 or more employees; Is located in the country's most populous city; Is a private, limited liability company. It does not operate within an export processing zone or an industrial estate with special export or import privileges; Is domestically owned with no foreign ownership; Exports more than 10% of its sales. Assumptions about the traded goods: The traded product travels in a dry-cargo, 20-foot, full container load. The product: Is not hazardous nor does it include military items; Does not require refrigeration or any other special environment; Does not require any special phytosanitary or environmental safety standards other than accepted international standards.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

Nigeria's total Imports in 2024 were valued at US$40.97 Billion, according to the United Nations COMTRADE database on international trade. Nigeria's main import partners were: China, Belgium and India. The top three import commodities were: Mineral fuels, oils, distillation products; Machinery, nuclear reactors, boilers and Vehicles other than railway, tramway. Total Exports were valued at US$52.36 Billion. In 2024, Nigeria had a trade surplus of US$11.39 Billion.

In 2023, goods valued at a total of 49.43 billion U.S. dollars were imported into Nigeria. Imports generally grew from 2000 until their peak in 2014, although there was a sharp drop in 2009 due to the Great Recession. Over the past decade, Nigerian import values have fluctuated as the government has attempted to capitalize on its rapid economic growth and clear international debts, as well as dealing with the economic impact of fluctuating oil prices and the covid pandemic. Over the given period, Nigeria has been a net exporter of goods, although it was a net importer in select years, including 2021, where exports totaled at just 47 billion U.S. dollars.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

United States Imports from Nigeria was US$5.87 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Nigeria - data, historical chart and statistics - was last updated on July of 2025.

Key information about Nigeria Total Imports

• Nigeria Total Imports recorded 3.0 USD bn in Mar 2023, compared with a value of 4.1 USD bn in the previous month
• Nigeria Total Imports data is updated monthly, available from Jan 2003 to Mar 2023, with an average number of 2.9 USD bn
• The data reached an all-time high of 10.3 USD bn in Mar 2011 and a record low of 699.9 USD mn in Jan 2005

CEIC converts monthly Total Imports into USD. The National Bureau of Statistics provides Total Imports, CIF, in local currency. The Central Bank of Nigeria average market exchange rate is used for currency conversions.


Further information about Nigeria Total Imports

• In the latest reports, Nigeria Total Imports dropped 59.8 % YoY in Mar 2023
• Total Exports dropped 18.7 % YoY, to 5.0 USD bn in Mar 2023
• Nigeria Trade Balance recorded a surplus of 2.0 USD bn in Mar 2023

Nigeria recorded a trade surplus of 1993618.60 NGN Million in March of 2025. This dataset provides - Nigeria Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.