Imports to Nigeria surged 48% year-on-year to NGN 943.6 billion in December 2018, mainly driven by purchases of manufactured goods (88.3%) and raw material (12.5%). The most important import partners were: China (31.5% of total imports), India (8.1%), Germany (4.7%), the UK (3.8%), the Netherlands (2.6%), France (2.2%) and South Africa (1.2%). Considering the full year of 2018, purchases advanced 37.7 percent over a year ago to NGN 13165.1 billion. Imports in Nigeria averaged 220476.77 NGN Millions from 1981 until 2018, 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 789468.78 400661.49 2177553.08 -622103.84 NGN Millions [+]
Current Account -3105.09 4452.74 10383.67 -5695.27 USD Million [+]
Current Account to GDP 2.00 -1.80 32.80 -18.70 percent [+]
Imports 943616.31 1259407.56 2209385.78 167.88 NGN Millions [+]
Exports 1733085.08 1660069.04 2648881.76 322.93 NGN Millions [+]
Terms of Trade 109.20 111.10 160.25 49.48 Index Points [+]
Foreign Direct Investment 438.84 435.64 3084.90 435.64 USD Million [+]
Capital Flows 10724.18 2575.64 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.40 21.40 21.40 21.37 Tonnes [+]
Crude Oil Production 1731.00 1646.00 2475.00 675.00 BBL/D/1K [+]
External Debt 29591.68 22083.44 29591.68 3627.50 USD Million [+]
Terrorism Index 8.66 9.01 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
943616.31 1259407.56 2209385.78 167.88 1981 - 2018 NGN Millions Monthly




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