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 355503.23 NGN Million in December of 2025. Balance of Trade in Nigeria averaged 250581.93 NGN Million from 1981 until 2025, reaching an all time high of 2999120.95 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 2000000.00 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	355503.23	914775.34	NGN Million	Dec 2025
Exports	6334358.84	6140875.63	NGN Million	Dec 2025
Imports	5978855.61	5226100.29	NGN Million	Dec 2025
Non Oil Exports	3078220.68	3359637.45	NGN Million	Dec 2025
Oil Exports	3256138.16	2781238.19	NGN Million	Dec 2025
Terms of Trade	102.13	102.00	points	Sep 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.