Imports to Nigeria decreased 32.9 percent year-on-year to NGN 594.6 bilion in June of 2018 from NGN 886.5 billion in the same month a year earlier, mainly due to lower purchases of food and live animals (-15.1 percent); mineral fuel (-89.2 percent); miscellaneous manufactured articles (-8 percent); raw material (-73.6 percent); oils, fats and waxes (-57.2 percent) and beverages and tobacco (-39.3 percent). Main import partners were: China (25.2 percent of total imports), Netherlands (8.6 percent), Belgium (8.1 percent), India (6.9 percent) and the US (6.7 percent). Imports in Nigeria averaged 201097.41 NGN Millions from 1981 until 2018, reaching an all time high of 1554732.90 NGN Millions in March of 2011 and a record low of 167.88 NGN Millions in May of 1984.

Nigeria Imports
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Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade 887641.12 768264.59 2177553.08 -592200.72 NGN Millions [+]
Exports 1482223.15 1556488.15 2648881.76 322.93 NGN Millions [+]
Imports 594582.03 788223.56 1554732.90 167.88 NGN Millions [+]
Current Account 5735.86 3523.00 10383.67 -5695.27 USD Million [+]
Current Account to GDP 2.00 -1.80 32.80 -18.70 percent [+]
Terms of Trade 109.20 111.10 160.25 49.48 Index Points [+]
Foreign Direct Investment 435.64 808.56 3084.90 435.64 USD Million [+]
Capital Flows 1792.62 909.16 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.40 21.40 21.40 21.37 Tonnes [+]
Crude Oil Production 1772.00 1634.00 2475.00 675.00 BBL/D/1K [+]
External Debt 22083.44 22071.91 22083.44 3627.50 USD Million [+]
Terrorism Index 9.01 9.31 9.31 3.86 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Nigeria Imports

Nigeria imports mainly: industrial supplies (27% of total in 2014), capital goods (23%), food and beverage (17%), fuel and lubricants (14%), transport equipment and parts (12%) and consumer goods (7%). 43% of total imports come from Asia; 34% from Europe; 15% from America and 7% from Africa. This page provides - Nigeria Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Imports - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
594582.03 788223.56 1554732.90 167.88 1981 - 2018 NGN Millions Monthly




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