The statistic shows Nigeria's trade balance of goods from 2014 to 2024. Trade balance is the value of exported goods minus the value of imported goods. A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. In 2024, Nigeria's estimated trade surplus amounted to around ***** billion U.S. dollars.

Time series data for the statistic Trade_Balance_Nigeria_of_Ukraine. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -28.28 Million as of 3/31/2025, the lowest value since 12/31/2024. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -5.47 Million compared to the value the year prior.The Serie's long term average value is -14.31 Million. It's latest available value, on 3/31/2025, is -13.96 Million lower, compared to it's long term average value.The Serie's change from it's minimum value, on 2/28/2022, to it's latest available value, on 3/31/2025, is +628.75 Million.The Serie's change from it's maximum value, on 10/31/2020, to it's latest available value, on 3/31/2025, is -28.41 Million.

Time series data for the statistic Trade_Balance_Nigeria_of_Austria. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -13.98 Million as of 3/31/2025, the lowest value since 12/31/2024. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -2.70 Million compared to the value the year prior.The Serie's long term average value is -3.53 Million. It's latest available value, on 3/31/2025, is -10.45 Million lower, compared to it's long term average value.The Serie's change from it's minimum value, on 1/31/2024, to it's latest available value, on 3/31/2025, is +25.80 Million.The Serie's change from it's maximum value, on 4/30/1993, to it's latest available value, on 3/31/2025, is -60.48 Million.

The statistic shows Nigeria's trade balance of goods from 2013 to 2023. Trade balance is the value of exported goods minus the value of imported goods. A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. In 2023, Nigeria's estimated trade surplus amounted to around 5.75 billion U.S. dollars.

Time series data for the statistic Trade_Balance_Nigeria_of_Faroe_Islands. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -11.94 Million as of 3/31/2025, the lowest value since 12/31/2024. Regarding the One-Year-Change of the series, the current value constitutes a decrease of -23.97 percent compared to the value the year prior.The 1 year change in percent is -23.97.The 3 year change in percent is -1,171.65.The 5 year change in percent is -35.03.The 10 year change in percent is -764.10.The Serie's long term average value is -2.14 Million. It's latest available value, on 3/31/2025, is 459.12 percent lower, compared to it's long term average value.The Serie's change from it's minimum value, on 5/31/2020, to it's latest available value, on 3/31/2025, is +13.43 Million.The Serie's change from it's maximum value, on 1/31/2001, to it's latest available value, on 3/31/2025, is -11.83 Million.

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

Current account balance (BoP, current US$) in Nigeria was reported at 17215269316 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Current account balance (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Time series data for the statistic Trade_Balance_Nigeria_of_Burkina_Faso. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at 0.9437 Million as of 3/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -0.2819 Million compared to the value the year prior.The Serie's long term average value is 1.01 Million. It's latest available value, on 3/31/2025, is -0.0646 Million lower, compared to it's long term average value.The Serie's change from it's minimum value, on 1/31/2003, to it's latest available value, on 3/31/2025, is +1.07 Million.The Serie's change from it's maximum value, on 11/30/2021, to it's latest available value, on 3/31/2025, is -29.11 Million.

Time series data for the statistic Trade_Balance_Nigeria_of_Cameroon. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at 0.0052 Billion as of 3/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -0.0023 Billion compared to the value the year prior.The Serie's long term average value is 0.274 Billion. It's latest available value, on 3/31/2025, is -0.269 Billion lower, compared to it's long term average value.The Serie's change from it's minimum value, on 9/30/2023, to it's latest available value, on 3/31/2025, is +0.0068 Billion.The Serie's change from it's maximum value, on 8/31/2011, to it's latest available value, on 3/31/2025, is -1.21 Billion.

Time series data for the statistic Trade_Balance_Nigeria_of_Yemen,_Rep.. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at 0.063 Million as of 2/29/2024. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -0.023 Million compared to the value the year prior.The Serie's long term average value is -0.107 Million. It's latest available value, on 2/29/2024, is 0.17 Million higher, compared to it's long term average value.The Serie's change from it's minimum value, on 6/30/2023, to it's latest available value, on 2/29/2024, is +23.35 Million.The Serie's change from it's maximum value, on 2/28/2023, to it's latest available value, on 2/29/2024, is -0.023 Million.

Time series data for the statistic Trade_Balance_Nigeria_of_Timor-Leste. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe Serie's long term average value is -0.457 Thousand. It's latest available value, on 5/31/2021, is 99.34 percent higher, compared to it's long term average value.The Serie's change from it's minimum value, on 4/30/2011, to it's latest available value, on 5/31/2021, is +1.20 Thousand.The Serie's change from it's maximum value, on 5/31/2021, to it's latest available value, on 5/31/2021, is 0.0 Thousand.

Time series data for the statistic Trade_Balance_Bolivia_of_Nigeria. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -37.09 Thousand as of 3/31/2025, the lowest value since 12/31/2024. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -36.96 Thousand compared to the value the year prior.The Serie's long term average value is -11.61 Thousand. It's latest available value, on 3/31/2025, is -25.48 Thousand lower, compared to it's long term average value.The Serie's change from it's minimum value, on 4/30/2022, to it's latest available value, on 3/31/2025, is +339.73 Thousand.The Serie's change from it's maximum value, on 12/31/2019, to it's latest available value, on 3/31/2025, is -111.99 Thousand.

Time series data for the statistic Trade_Balance_Uganda_of_Nigeria. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -150.12 Thousand as of 3/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an increase of 23.88 Thousand compared to the value the year prior.The Serie's long term average value is -59.16 Thousand. It's latest available value, on 3/31/2025, is -90.96 Thousand lower, compared to it's long term average value.The Serie's change from it's minimum value, on 1/31/2014, to it's latest available value, on 3/31/2025, is +806.34 Thousand.The Serie's change from it's maximum value, on 10/31/2008, to it's latest available value, on 3/31/2025, is -280.29 Thousand.

Time series data for the statistic Trade_Balance_Gabon_of_Nigeria. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -0.747 Million as of 3/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.1939 Million compared to the value the year prior.The Serie's long term average value is 2.90 Million. It's latest available value, on 3/31/2025, is -3.65 Million lower, compared to it's long term average value.The Serie's change from it's minimum value, on 7/31/2023, to it's latest available value, on 3/31/2025, is +2.83 Million.The Serie's change from it's maximum value, on 5/31/2013, to it's latest available value, on 3/31/2025, is -35.30 Million.

Time series data for the statistic Trade_Balance_Zimbabwe_of_Nigeria. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at 0.1073 Million as of 3/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.1455 Million compared to the value the year prior.The Serie's long term average value is 0.0697 Million. It's latest available value, on 3/31/2025, is 0.0376 Million higher, compared to it's long term average value.The Serie's change from it's minimum value, on 8/31/2024, to it's latest available value, on 3/31/2025, is +2.07 Million.The Serie's change from it's maximum value, on 7/31/2024, to it's latest available value, on 3/31/2025, is -1.96 Million.