Nigeria Balance of Trade  Forecast


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Balance of Trade in Nigeria is expected to be -41000.00 NGN Millions by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Nigeria to stand at 188995.88 in 12 months time. In the long-term, the Nigeria Balance of Trade is projected to trend around -17600.00 NGN Millions in 2020, according to our econometric models.


Nigeria Trade Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade 150317 -41000 187059 187256 188996 -17600
Exports 994273 350000 945058 922286 900472 451000
Imports 843956 391000 770846 746849 724052 627000
Current Account 1414 2020 2146 2339 2294 3041
Current Account to GDP -1.8 0.8 2.2 2.2 0.94 4.4
Terms of Trade 102 100 98.75 98.74 98.74 107
Foreign Direct Investment 891 852 1129 1201 1209 1160
Capital Flows 4342 -2627 411 -883 334 2945
Gold Reserves 21.37 21.37 21.37 21.37 21.37 21.37
Crude Oil Production 1742 1510 1736 1747 1760 1620
External Debt 15050 16549 17004 17294 17466 16486
Terrorism Index 9.01 9.4 9.53 9.62 9.71 8.9