Imports to Nigeria surged 45.8 percent from a year earlier to NGN 1042 billion in June 2019, boosted by purchases of manufactured goods (100.5 percent); raw materials (38.5 percent); agricultural goods (1.6 percent) and solid minerals (86.9 percent). Among major import partners, purchases rose mostly from China (78.7%), India (70.2%), Japan (92.2%) and the US (181.6 percent); but fell from the Netherlands (-23.1%) and Spain (-34.6%). Imports in Nigeria averaged 234304.14 NGN Millions from 1981 until 2019, reaching an all time high of 2209385.78 NGN Millions in August of 2018 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 408661.17 -36900.36 2177553.08 -622103.84 NGN Millions [+]
Current Account -2858.88 -2818.95 10383.67 -5695.27 USD Million [+]
Current Account to GDP 2.30 2.80 32.80 -18.70 percent [+]
Imports 1042434.99 1547034.65 2209385.78 167.88 NGN Millions [+]
Exports 1451096.16 1510134.29 2648881.76 322.93 NGN Millions [+]
Terms of Trade 101.20 101.70 160.25 49.48 Index Points [+]
Foreign Direct Investment 909.54 1150.51 3084.90 314.44 USD Million [+]
Capital Flows -3297.03 -4696.54 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.46 21.50 21.50 21.37 Tonnes [+]
Crude Oil Production 1905.00 1827.00 2475.00 675.00 BBL/D/1K [+]
External Debt 25609.63 25274.36 25609.63 3627.50 USD Million [+]
Terrorism Index 8.66 9.01 9.31 3.86 [+]
Remittances 5916.57 5853.10 6270.24 3836.61 USD Million [+]

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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1042434.99 1547034.65 2209385.78 167.88 1981 - 2019 NGN Millions Monthly




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