Name: Nigeria Balance of Trade
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Nigeria,Balance of Trade,data,chart,actual,historical,values,calendar,forecast,graph,2025,2026,2027

Nigeria recorded a trade surplus of 4142168.61 NGN Million in March of 2026. Balance of Trade in Nigeria averaged 263101.62 NGN Million from 1981 until 2026, reaching an all time high of 4142168.61 NGN Million in March of 2026 and a record low of -975441.14 NGN Million in October of 2019. source: National Bureau of Statistics, Nigeria

Balance of Trade in Nigeria is expected to be 900000.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Balance of Trade is projected to trend around 1400000.00 NGN Million in 2027 and 1750000.00 NGN Million in 2028, according to our econometric models.

Related	Last	Previous	Unit	Reference
Balance of Trade	4142168.61	1431197.47	NGN Million	Mar 2026
Exports	8879063.63	5940717.25	NGN Million	Mar 2026
Imports	4736895.02	4509519.77	NGN Million	Mar 2026
Non Oil Exports	4041786.72	2974809.81	NGN Million	Mar 2026
Oil Exports	4837276.91	2965907.44	NGN Million	Mar 2026
Terms of Trade	102.28	102.21	points	Dec 2025

Nigeria Balance of Trade

Exports of commodities (oil and natural gas) is the main factor behind Nigeria's growth and accounts for more than 91% of total exports. Europe and Asia are the country's main trade partners. Europe accounts for 43% of total sales and 34% of total imports while Asia represents 29% of total shipments and 43% of total purchases.