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 2296667.51 NGN Million in September of 2025. Balance of Trade in Nigeria averaged 254863.74 NGN Million from 1981 until 2025, reaching an all time high of 3428911.88 NGN Million in June of 2025 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 2400000.00 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 1300000.00 NGN Million in 2027, according to our econometric models.

Related	Last	Previous	Unit	Reference
Balance of Trade	2296667.51	1866343.76	NGN Million	Sep 2025
Exports	6859839.59	7091647.79	NGN Million	Sep 2025
Imports	4563172.08	5225304.03	NGN Million	Sep 2025
Non Oil Exports	2911985.19	3182361.55	NGN Million	Sep 2025
Oil Exports	3947854.40	3909286.24	NGN Million	Sep 2025
Terms of Trade	101.37	101.15	points	Mar 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.